11/16/13

Permalink Elizabeth Warren: "quiet revolutionary" who could challenge Hillary Clinton in Democrats' 2016 race

Senator's tough stance against Wall Street is attracting voters on the left who are disenchanted with the party establishment. Not many political "rock stars" inspire audience members to knit, but, even by Washington's sedate standards, the darling of America's new left is a quiet revolutionary. Senator Elizabeth Warren, a former Harvard professor turned Wall Street scourge, is one of a clutch of unlikely radicals giving hope to those disenchanted with mainstream Democrats. Hours before a rare public appearance last week, one of the largest rooms in Congress begins slowly filling up with an odd mix of groupies: policy wonks, finance geeks, Occupy activists, and, yes, the type of political conference attendee who brings their knitting in. Warren proceeds to calmly recite numbers that could inspire even librarians to storm a few barricades. The Wall Street crash has cost the US economy $14tn, she says, but its top institutions are 30% larger than before, own half the country's bank assets and are in receipt of an implicit taxpayer subsidy of $83bn a year because they are deemed too big to fail.

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