By Ben White and Maggie Haberman
NEW YORK — There are three words that strike terror in the hearts of Wall Street bankers and corporate executives across the land: President Elizabeth Warren.
The anxiety over Warren grew Monday after a magazine report suggested the bank-bashing Democratic senator from Massachusetts could mount a presidential bid in 2016 and would not necessarily defer to Hillary Clinton — who is viewed as far more business-friendly — for the party’s nomination
And the fear is not only that Warren, who channels an increasingly popular strain of Occupy Wall Street-style anti-corporatism, might win. That is viewed by many political analysts as a slim possibility. It is also that a Warren candidacy, and even the threat of one, would push Clinton to the left in the primaries and revive arguments about breaking up the nation’s largest banks, raising taxes on the wealthy and otherwise stoking populist anger that is likely to also play a big role in the Republican primaries.
(Also on POLITICO: Report fuels prospect of 2016 Elizabeth Warren run)
Read more: http://www.politico.com/story/2013/11/wall-street-elizabeth-warren-president-2016-elections-99697.html#ixzz2kQZJrUfw
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THE DAILY CALLER
Reporter, The Daily Caller News Foundation
“Massachusetts Democratic Sen. Elizabeth Warren introduced legislation this week that would increase federal student loan subsidies by lowering interest rates for a year and funding them through the Federal Reserve.
The bill is called the Bank on Student Loans Fairness Act, and represents Warren’s solution to the student debt crisis. It would set interest rates for federally-subsidized student loans at 0.75 percent for one year.
The current interest rate is 3.4 percent, but will double on July 1st unless Congress intervenes.” [QUOTE]
Read more: http://dailycaller.com/2013/05/10/elizabeth-warren-wants-federal-reserve-to-subsidize-student-loans/#ixzz2T53Wj4RD
Continue reading ““Elizabeth Warren wants Federal Reserve to subsidize student loans””