by Warner Todd Huston | May 27, 2015 2:22 pm
Massachusetts Democrat Senator Elizabeth Warren traipses around the country claiming that she is the champion of the poor, the downtrodden, and the little people. But now we find out that she made herself rich by speculating on the foreclosed homes of poor people.
If she cared so much about poor people, why didn’t she use her millions to help them keep their homes instead of preying on the poor when they lost their homes?
The home’s new owner: Elizabeth Warren, today a Massachusetts senator who has built a political career on denouncing the sort of banking titans and financial sophisticates who make a buck off the little guy. Five months after purchasing Veo Vessels’ old home, Warren flipped the property, selling it for $115,000 more than she’d paid, according to Oklahoma County Property Assessor records.
Warren rose to political prominence in the wake of the 2008 financial crisis as a crusader against big banks and a dispenser of common-sense economic advice. She campaigned for the creation of the Consumer Financial Protection Bureau, intended to shield people from the predations of the mortgage and credit-card industries, among others. In her 2006 book All Your Worth, co-authored with her daughter, Amelia, Warren lists as a top myth the idea that “you can make big money buying houses and flipping them quickly.” She has made a career out of telling people how to behave in financially responsible ways, and out of creating laws that will make it illegal for them to do otherwise.
…Records show Warren bought the house Hickman inherited from her mother, located at 200 N.W. 16th Street, in August 1993 and quickly obtained permits to do plumbing and electrical work, selling it five months later for a 383 percent gain.
The National Review story goes on to detail a bunch of other houses that Warren “flipped” and made tens of thousands on to the detriment of poor people who lost their homes.
THIS is the perfect example of the hypocrisy of the left. They rail at people who make money but are quietly are doing the same thing in their own lives.
Source URL: https://rightwingnews.com/democrats/so-called-populist-liberal-senator-elizabeth-warren-made-thousands-off-backs-of-poor-people-losing-their-homes/
Copyright ©2023 John Hawkins' Right Wing News unless otherwise noted.