Warren Disputes Financial Myth

Elizabeth Warren Destroys Financial Crisis Myth:

...The study Warren was referring to refuted a common conservative argument blaming the Carter-era Community Reinvestment Act for forcing Fannie and Freddie to buy shoddy mortgages in poor neighborhoods. "It was the federal government that pushed the subprime loans … that pushed the Community Reinvestment Act," said Rep. Michele Bachmann (R-Minn.) in a GOP primary debate during her presidential campaign, when asked who was to blame for the financial crisis.

However, the St. Louis Federal Reserve analyzed data in California and Florida -- two states hard-hit by the mortgage crisis -- and found that "the extensive purchases of risky private-label mortgage-backed securities by the GSEs were not due to affordable housing mandates..."

Another GOPer Heads To The Slam

Former Oklahoma state Rep. Randy Terrill convicted of political bribery | News OK:

...Terrill, a Republican, is accused of offering then-Sen. Debbe Leftwich, a Democrat, an $80,000-a-year state job at the medical examiner's office in 2010. Prosecutors allege he bribed her so she would not run for re-election in 2010...

Warren Says "No" To O-Man

U.S. Political News, Opinion and Analysis - HuffPost Politics:

Sen. Elizabeth Warren (D-Mass.) said Wednesday that she will vote against President Obama's top international trade nominee Michael Froman, over his refusal to make negotiations over a major trade agreement more transparent to the public. "I am voting against Mr. Froman’s nomination later today because I believe we need a new direction from the Trade Representative -- A direction that prioritizes transparency and public debate," Warren said on the Senate floor Wednesday...

Sensible Student Loan Bill

Warren’s proposal: Offer college students the same interest rates as banks | The Raw Story:

Sen. Elizabeth Warren (D-MA) introduced a bill on Wednesday that would give college students the same interest rates on their federal student loans as banks do when borrowing from the Federal Reserve...