Sen. Warren: Washington Playing 'Rigged' Political Game

Thursday, 24 Apr 2014 12:00 PM

By Wanda Carruthers

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Washington is playing a "rigged" political game that favors the rich and powerful at the expense of struggling middle class families, Sen. Elizabeth Warren said.

"What's happening is the game is rigged. It is set up in Washington so that the rich will get richer. The more powerful will get more powerful. And, everybody else gets left behind," the Massachusetts Democrat told MSNBC's "Morning Joe" Thursday.

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The country is run "by a tight groups of insiders" which has the effect of leaving "hardworking families behind," Warren said. While lawmakers "know what we need to do for our families," government was not "doing that right now,"  she said.

Warren has written a new book,"A Fighting Chance," where she tells the story of how her early years growing up on the "ragged edge of the middle class" led her to becoming a champion of hardworking families. She said it was her "life's work" to make sure people have the same opportunities she had.

Formerly a Harvard Law School professor, Warren came onto the national scene in 2010 when she was asked to assist with the government bailout of big banks following the collapse of the nation's housing market.

She quickly became disillusioned because she saw the efforts to correct problems in the housing market were focused only on assisting banks.

"What happened all throughout that bailout, it was always about how to save the biggest financial institutions. Not about how to save American families," she said.

That led to her work to set up the Consumer Financial Protection Bureau in 2010 to "help level the playing field" and "stop the cheating." However, she was passed over when it came to naming someone to head the agency.

Even though she didn't end up running the bureau, she said it still "worked out," after her 2012 Senate win in Massachusetts.

"Here's the best part. Now I'm in the United States Senate and on the banking committee, and in a pretty darn good place to protect that consumer agency," she said.

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