Monday, January 30, 2012

How Elizabeth Warren Became A One Percenter

By screwing the little guy. She has already denied being wealthy, despite having over $10 million in assets.
One of the Harvard professor’s many well-com-pensated part-time gigs included consulting for Travelers Insurance. I know that it is hard to believe that on one hand, Democrats would be bashing an industry, and on the other hand they are making money from it. To be a Democrat is to be a hypocrite.

What did Lizzy do to earn $44,000 in compensation from the insurance company? She made it harder for claimants to collect. Warren helped establish the bankruptcy strategy for companies to avoid crushing lawsuits. In short, go bankrupt to avoid paying victims.

In court briefings, she supported the effort to protect Travelers Insurance from future lawsuits after agreeing to a $500 million settlement with asbestos plaintiffs.

That sort of destroys her image as consumer advocate, doesn’t it?

It is too bad that Brown and Warren signed the pact banning third-party television commercials, because I’m sure the nonpartisan League of Women Vultures has been gearing up to run ads showing asbestos victims complaining about Lizzy. Yeah, right. Well, maybe they could at least issue an apology to Brown for the nasty ads they ran last summer against him on clean air.

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