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Elizabeth Warren has built a political career around advocating for the common man.
Authoring titles such as “This Fight Is Our Fight: The Battle to Save America’s Middle Class,” Warren has worked to associate herself with anti-cronyism, higher taxes for corporations and a fierce determination to fight against income inequality.
Warren - Familiarity - Middle-class - Struggle - Fact
It has long been known, however, that Warren herself has no familiarity with the middle-class struggle and, in fact, has secretly invested millions of dollars in Wall Street corporations for her own financial gain. Warren’s recent Senate financial disclosure statement shows that while her rhetoric is anti-Wall Street, her financial success is very much due to investments with these same groups.
Warren’s 2017 financial disclosure statements show that she has invested over $2 million in TIAA, a Fortune 100 financial services organization whose CEO, Roger Ferguson, made $18.5 million in 2016. Although the organization claims to be a nonprofit offering financial advice, they operate identically to other large corporate groups, pay their executives more than Citibank and have close to $1 trillion in assets.
TIAA - Image - Provider - Investment - Advice
TIAA’s image as a benevolent provider of investment advice faced scrutiny in 2017 when their own employees accused them of intentionally providing poor recommendations to clients in order to generate higher fees. This is particularly diabolical considering that the majority of TIAA’s clients are public school teachers, nurses, municipal workers and U.S. military members.
Such practices would violate the legal standard if applied in the financial sector, but TIAA’s nonprofit status kept them from facing these violations. Despite this, Warren increased her investments with the group after these lawsuits, disregarding a clear opportunity to embody her own message of stopping big business from taking advantage of the little guy.
Actions - Warren - Rhetoric - TIAA - Actions
Comparing these actions to Warren’s rhetoric, it is hard to understand why she would refrain from condemning TIAA’s nefarious actions.
Historically, Warren has not...
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