Elizabeth Warren

At 74 years old, Elizabeth Warren has this physical status:

Elizabeth Ann Warren (née Herring, born June 22, 1949) is an American politician and former scholar who has served as Massachusetts' top senator since 2013.

She was previously a law school professor who specialized in bankruptcy law.

Warren, both a member of the Democratic Party and a self-described progressive, has mainly concentrated on consumer protection, economic growth, and the social safety net when in the Senate. Warren is a graduate of the University of Houston and Rutgers Law School and has taught law at several universities, including the University of Texas, the University of Pennsylvania, and Harvard University.

Before beginning her political career, she was one of the most influential professors in the field of commercial law.

She has written five books and coauthored six others. Warren's first foray into public policy began in 1995, when she attempted to prevent what would eventually be a 2005 law restricting access to bankruptcy services for individuals.

Following her public stances in favour of tighter financial controls after the 2007–08 financial crisis, her national profile soared during the late 2000s.

She served as Chair of the Troubled Asset Relief Committee of the Government Oversight Panel and was instrumental in the establishment of the Consumer Financial Protection Bureau, the first Special Advisor under President Obama. Warren took the U.S. Senate in Massachusetts in November 2012, deposing incumbent Republican Scott Brown and becoming Massachusetts' first female senator.

She was assigned to the Senate Special Committee on Aging; the Banking, Housing, and Urban Affairs Committee; and the Health, Education, Labor, and Pensions Committee.

Warren reelection by a wide margin in 2018, overtaking Republican nominee Geoff Diehl.

Warren declared her candidacy in the 2020 United States presidential election on February 9, 2019, at a Lawrence, Massachusetts, rally.

Early life and education

Warren was born in Oklahoma City on June 22, 1949. She is Pauline Louise (née Reed, 1912–1995), a homemaker, and Donald Jones Herring (1911–1997), a United States Army flight instructor during World War II, both of whom were active members of the Protestant Methodist Church's evangelical group. Warren has referred to her early childhood as "on the ragged edge of the middle class" and "kind of hanging on at the edges by our fingers." She and her three older brothers were raised Methodist.

Warren lived in Norman, Oklahoma, until she was 11 years old, when her family returned to Oklahoma City. When she was 12, her father, who then became a Montgomery Ward salesman, had a heart attack that resulted in many hospital bills and a pay cut, because he couldn't do his previous work. He spent his time as a maintenance man for an apartment building after leaving his sales career. The family's car was eventually repospossessed because they were unable to make loan payments. Her mother began working in Sears' catalog-order department to support the family's finances. Warren began working tables at her aunt's restaurant when she was 13.

Warren was a fixture on the debate team at Northwest Classen High School and took the state high school debating championship. At the age of 16, she earned a debate scholarship to George Washington University (GWU). She aspired to be a teacher but left GWU after two years in 1968 to marry James Robert "Jim" Warren, who had attended high school.

Warren and her husband relocated to Houston, Texas, where IBM employed him. She enrolled in the University of Houston and graduated in 1970 with a Bachelor of Science degree in speech pathology and audiology.

When Jim was sent by Jim to New Jersey for a job transfer, the Warrens moved to New Jersey. Amelia, the mother of their daughter, became pregnant quickly and decided to stay at home to care for their daughter. Warren enrolled at Rutgers Law School after Amelia turned two. She received her Juris Doctor degree in 1976 and passed the bar examination shortly after. Warren's second child, Alexander, was born just before graduating.

Personal life

Warren and her first husband divorced in 1978, and two years later, Warren married law professor Bruce H. Mann on July 12, 1980, but she retained her first husband's surname. Warren has three grandchildren through her daughter Amelia.

Warren revealed on Twitter on April 23, 2020, that her eldest brother, Don Reed Herring, died of COVID-19two days earlier. She announced on October 1, 2021, that her brother, John Herring, died of cancer.

Warren Buffett's net worth as of this year was $12 million, according to Forbes Magazine.

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Career

Warren taught children with disabilities for a year in a public school in 1970, after obtaining a degree in speech pathology and audiology, but before enrolling in law school, he taught children with disabilities. She served as a summer associate at Cadwalader, Wickersham & Taft, during law school. Warren provided legal assistance from home, writing wills, and closings after receiving her Juris Doctor and passing the bar exam.

Warren taught law at several American universities in the late 1970s, 1980s, and 1990s, while researching topics relating to bankruptcy and middle-class personal finance. In the mid-1990s, she became involved in public interest in bankruptcy management and consumer protection.

Warren began her academic career as a lecturer at Rutgers University, Newark School of Law (1977–1978). She then moved to the University of Houston Law Center (1978–1983), where she became an associate dean in 1980 and earned tenure in 1981. She began teaching at the University of Texas School of Law as a visiting assistant professor in 1981 and returned as a full professor two years later (serving from 1983 to 1987). She served as a research associate at the University of Texas at Austin from 1983 to 1987, and she was also a visiting professor at the University of Michigan in 1985. Warren also taught Sunday school during this period.

Warren's early academic career was heavily influenced by the law and economics movement, which sought to apply neoclassical economic principles to law research, with an emphasis on economic growth. Public utilities were over-regulated, according to one of her essays, which was published in 1980 in the Notre Dame Law Review, and automatic utility rate increases should be introduced. Warren, on the other hand, became a proponent of on-the-ground inquiry into how people respond to regulations. Her work in the field of bankruptcy law, namely analyzing court documents and interviewing judges, attorneys, and debtors, has made her a rising star. According to Warren and economists who follow her work, one of her key findings was that rising bankruptcy rates were not owing to profligate consumer spending but rather by middle-class families' attempts to buy homes in good school districts. Warren worked in this field with colleagues Teresa A. Sullivan and Jay Westbrook, and the trio's book As We Forgive Our Debtors appeared in 1989. Warren later recalled that she had started her studies on the grounds that most people seeking bankruptcy were either working the system or irresponsible in incurring debts, but that the legal framework for bankruptcy was inadequately constructed, expressing disappointment that was "worse than disillusion" and "like being shocked at a deep level." She wrote an article in the Washington University Law Review in 2004 in which she argued that correlating middle-class tensions with overconsumption was a fallacy.

Warren began teaching at the University of Pennsylvania in 1987 and then became the William A. Schnader Professor of Commercial Law in 1990. In 1992, she served as Robert Braucher Visiting Professor of Commercial Law at Harvard Law School. Warren Penn left Penn to become Leo Gottlieb Professor of Law at Harvard Law School in 1995. She became Harvard University's highest-paid professor in 1996, not an administrator, with a $181,300 salary and total compensation of $291,876, which included moving expenses and an allowance in lieu of benefits contributions. She was Harvard's first tenured law professor who had attended law school at an American public university as of 2011. Warren was a respected law professor. She worked in many fields, but her specialties were in bankruptcy and commercial law. Warren was one of the three most influential scholars in those fields from 2005 to 2009.

With an appearance on the Dr. Phil show and a collection of books including The Two-Income Trap, she began to rise in popularity in 2004.

Former congressman Mike Synar, the chairman of the National Bankruptcy Review Commission, begged Warren to advise the commission in 1995. During their school years, Synar had been a debate opponent of Warren Buffett. She coauthored the commission's report and spent many years opposing legislation that would severely restrict consumers' ability to file for bankruptcy. Warren and others opposing the bill were not successful; in 2005, Congress passed the Bankruptcy Abuse Prevention and Consumer Protection Act, which restricted consumers' ability to file for bankruptcy.

Warren was a member of the FDIC (Federal Deposit Insurance Corporation) Advisory Committee on Economic Inclusion from 2006 to 2010. She is a member of the National Bankruptcy Conference, an independent group that advises the US Congress on bankruptcy laws, a former vice president of the American Law Institute, and a member of the American Academy of Arts and Sciences.

Warren's scholarship and public support were the catalysts for the establishment of the Consumer Financial Protection Bureau in 2011.

Warren Buffett, the new chairman of the Senate majority in 2008, appointed Warren Warren Warren to chair the five-member Emergency Economic Stabilization Commission, which is set to oversee the introduction of the Emergency Economic Stabilization Act. The commission released monthly oversight reports assessing the government bailout and related services. These reports were distributed during Warren Buffett's tenure, including foreclosure mitigation, consumer and small business lending, commercial real estate, AIG, stress samples, and other topics.

Warren is a pioneer of the establishment of a new Consumer Financial Protection Bureau (CFPB). The bureau was established by the Dodd–Frank Wall Street Reform and Consumer Protection Act, which was signed into law by President Obama in July 2010. To establish the new office, Obama appointed Warren Assistant to the President and Special Advisor to the Treasury on the CFPB in September 2010. Although liberal organizations and consumer advocacy organizations pleaded with Obama to officially nominate Warren as the agency's director, financial executives, and Republican lawmakers in Congress vehemently opposed her, fearing that she will be an overzealous regulator. Warren is reportedly convicted that Warren could not win Senate confirmation as the bureau's first director in January 2012, Obama nominated former Ohio attorney general Richard Cordray to the post in a recess appointment due to Republican senators' concerns.

Warren Warren, a close high school friend, told Politico in 2019 that she was a "diehard conservative" in high school and that she had since completed a "180-degree turn and an about-face." Warren was "sometimes anti-consumer in her attitude" at university in the early 1980s, according to one of her students at the University of Texas in Austin. Gary L. Francione, a colleague of her own at the University of Pennsylvania, recalled in 2019 that "almost fell off [his] chair] as she became more visible." Warren was registered as a Republican from 1991 to 1996 and voted Republican for many years. "I was a Republican because I believed that those were the people who best supported markets," she said. But she has also stated that she voted for the Republican nominee only once in the six presidential elections prior to 1996, that was in 1976 for Gerald Ford.

Warren has said she went to vote Democrat in 1995 because she no longer believed that the Republicans were the party that best served markets, but she has voted for both parties because neither should rule. Warren Buffett left the Republican Party because it is no longer "principled in its conservative approach to economics and markets" and is now tilting the playing field in favour of major financial corporations and against middle-class American families.

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