Friday, January 1, 2016

How Elizabeth Warren Wields Power




How Elizabeth Warren Wields Power


Even without running she’s forcing the Democratic candidates to look out for consumers.

It wasn’t all victories, of course. Social Security recipients aren’t getting a cost of living bump for 2016, thanks to low inflation. Warren introduced legislationcalling for a one-time payment to Social Security recipients of $580, tying it to a think-tank study showing CEOs at the top 350 firms received a 3.9 percent increase in pay in 2014. Despite the support of Sanders, the proposal hasn’t garnered much public attention. An effort to push the Commodity Futures Trading Commission into requiring more skin in the game from banks in derivative trades also stumbled, despite Warren’s claim this failure would be “the nail in the coffin for Dodd-Frank’s effort to regulate risky derivatives.”
But the issues of regulating Wall Street and the economy will remains front and center in the Democratic campaign. Sanders, O’Malley, and Clinton—who finds herself pressed time and again to square her tough talk on the financial industry with all the campaign donations she’s collected from the sector—would do well to consider Warren, if not quite an unofficial challenger, a powerful campaign presence.

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