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In this '04 interview, @ewarren tried to warn us of the coming crash. Here are 4 clips.
"Alan Greenspan, our national economic leader, stood up for the last 4 years and told Americans 'borrow against your house.' What frightens me is millions of Americans have taken that advice"
"Alan Greenspan, our national economic leader, stood up for the last 4 years and told Americans 'borrow against your house.' What frightens me is millions of Americans have taken that advice"
In this second clip, the interviewer displays the widespread attitude that led to the '08 crash."The houses around me are rising in price. It makes sense that I should be able to harness some of that rising real estate value"
Warren proceeds to give him a quick economics lesson.
Warren proceeds to give him a quick economics lesson.
Interviewer: "I've seen statistics, we've figured out somehow how to buy these expensive houses. Maybe we'll continue to innovate in order to avoid the crisis that you see coming"
Warren explains to him exactly why big banks aren't on his side and the methods they'll use. (3/4)
Warren explains to him exactly why big banks aren't on his side and the methods they'll use. (3/4)
"We're starting to watch the numbers grow of people who are 65 and don't have their homes paid off. People who are 55 and still owe 20, 25 years on their mortgages. We've, literally, as a country, mortgaged our future" - Warren in '04 on what the '08 crash would do to retirements
Interviews like these are important because when you accept smiles and nice speeches as substitutes for policy that puts people first, it could literally cost some people everything. Stay curious about candidates' histories, who funds them, and where they stood when it mattered.
PS: If anything's changed about Warren's message since 2004, it's only gotten more inclusive, but she hasn't stopped naming names when it comes to calling out problems.
Update: Today, Warren is STILL holding the rich and powerful accountable, but this time she's on the senate floor calling for impeachment proceedings to begin for a corrupt president. She's right about this too. Watch her arguments if you're not convinced:
