Senator Elizabeth Warren addresses the Edward M. Kennedy Insitute for the United States Senate on the subject of inequality in the US. Transcript [but her delivery is so terrific, watch the video, really. -ed.] Slate reflects on the speech. [more inside]
"The ability to present women like [Ruth Bader] Ginsburg, [Hillary] Clinton and [Wendy] Davis as bone-crushingly robust yet simultaneously appealing, revered—practically adorable!—in their rugged severity, is a crucial expansion of the American imagination with regard to powerful women." (via librarina) [more inside]
A Woman Should Run for President Against Hillary Clinton. Or Many Women. (Rebecca Traister for the New Republic)
Matt Levine writes in the Wall Street Journal: Morgan Stanley Now Obeying Rules, Reducing Risks, Eating Cupcakes
So while of course it's possible that this is just next-level perception manipulation and I've fallen for it -- that Morgan Stanley has found a novel way to take on immense amounts of complex risk and hide it behind an army of retail brokers and a layer of cream-cheese frosting -- I think that this story is what it appears to be. Morgan Stanley seems to be de-risking by cutting back on risky activities, and responding to new regulations by obeying them.On the New Wall Street, Boring Is Better [more inside]
Elizabeth Warren, in her new role as a member of the Senate banking committee, asks banking regulators: when did you last take a big Wall St bank to trial? (SLYT)
Charlie Pierce is a longtime sportswriter and author who has, among other things, reported for Grantland, Slate, and the Boston Globe, paneled on more than a few games of Wait Wait... Don't Tell Me!, and fished diapers out of trees as a state forest ranger. He's also made a name for himself as one of the sharpest and most incisive political columnists since Molly Ivins. The lead writer for Esquire's Politics Blog ever since a caustic article on former Delaware Senate candidate Christine O'Donnell cost him his Globe job, Pierce has churned out an uninterrupted stream of clever, colorful, and challenging commentary on the 2012 election season and its implications for the nation's future, dispatches often seething with eviscerative anger but shot through with deep love of (or perhaps grief for) country. Look inside for a selection of Pierce's most vital works for some edifying Election Eve reading. [more inside]
Jamie Johnson, a heir to the Johnson & Johnson fortune, uses his family connections to gain a critical insider’s perspective and remarkable unguarded interviews of those who hold 50% of America’s wealth in two self-made documentaries: The One Percent (parts 1, 2, 3, 4, 5, 6, 7 and 8) and Born Rich, along with a Vanity Fair blog. From the other side: Elizabeth Warren, The Woman Who Knew Too Much. [more inside]
Elizabeth Warren will announce her entry into the Massachusetts Senate race tomorrow morning. Warren, who created, but was not confirmed to head, the Consumer Financial Protection Bureau, is seeking to replace Scott Brown (R), who won Ted Kennedy's seat in 2010. Brown remains rather popular in Massachusetts, and Democrats weren't at all confident any of the current candidates had much chance to knock him off. The hope is that Warren and her pro-consumer bona fides can ride the expected wave of high Democractic voter turnout in the general. [more inside]
Elizabeth Warren on setting up the Bureau of Consumer Financial Protection - lecture starts here, but really starts getting good here: "I feel like this is a boring speech." stay for the Q&A.
Elizabeth Warren (previously: 1, 2, 3, 4, 5) is being considered to head the new Consumer Financial Protection Bureau. Other candidates: Michael S. Barr & Eugene I. Kimmelman.
Amid the financial headlines (about new banking reforms, more bank failures, the need for more lending by the fat-cats, the question of whether a European-style bonus-tax might be possible here, and the shrinking of the middle class), on PBS yesterday Bill Moyers wondered, in an in-depth segment (with organizers from here and here), whether a new wave of populist economic activism is perhaps, despite all odds, beginning to make a dent after all.
Do you feel disappointed in government? Does Obama seem a little too meek for the Presidency? Do you wish he'd make larger structural reforms? Maybe, suggests Matt Taibbi, there's an answer. [more inside]
Last night, Elizabeth Warren visited John Stewart's Daily Show for a lengthy interview: Interview Part One and Interview Part Two. Warren, tapped last November to head congressional oversight of TARP (she has been mentioned before on the blue here and here), is a Harvard Law Professor with a strong interest in economic history (see here and here for more).