Elizabeth Warren has emerged as an attack dog for the Democratic Party against Donald Trump. She has assailed the Republican presumptive nominee for a 2006 comment that he could profit off of the housing crash, calling him a “small, insecure money-grubber” and claiming he “doesn’t care who gets hurt, as long as he makes a profit.” But the woman who purports to be a fighter for the middle class has made a living off of foreclosure homes and has built her career on lies.
Warren attacked Trump for saying a decade ago, “If there is a bubble burst, as they call it, you can make a lot of money.” Despite her disingenuous political rhetoric, the notion of buying low and selling high is a business practice that has helped make Warren a very wealthy woman. In 2012, the Boston Herald reported that the one percenter, who is worth an estimated $8.75 million, “rapidly bought and sold homes herself, loaned money at high interest rates to relatives and purchased foreclosed properties at bargain prices.”
In some instances she made triple-digit-percentage gains from the houses she flipped and sold. The Herald also wrote that “Warren and her family’s private investments don’t seem to square with her public statements about the latest real estate boom and bust.” However, you would never know that by listening to her attacks on Donald Trump. Further, by attacking Trump she is also defending Hillary Clinton, whose husband helped cause the housing crisis by rewriting the Community Reinvestment Act.
Elizabeth Warren isn’t just a hypocrite; she has built her career on lies. She lied about being part-Cherokee to land plum jobs at the law schools of Harvard University and the University of Pennsylvania. The New England Historic Genealogical Society stated there is no evidence to back up her claims. She also spoke of her fictitious “minority status” in her book A Fighting Chance, for which she received a $525,000 advance. She wrote, “As a kid, I had learned about my Native American background the same way every kid learns about who they are: from family.”
Even though she has outlined a plan for “debt-free college,” Warren made a salary of $430,000 from Harvard. Also, according to CNN Money, the vast bulk of her wealth is held in mutual funds with “TIAA-CREF, a financial services company that provides retirement services to universities.” Investing in the fund offers Warren “three guarantees: you’ll never lose your principal, you’ll always get a minimum interest rate and you’ll receive a lifetime income stream.”
The next time Warren is relaxing in her $1.9 million Victorian home in Cambridge, Mass., she should do some self-reflection. The former Republican-turned-liberal icon has spent her political career laying the foundation for the Occupy Wall Street crowd, even though she is part of the economic class they vilify: The 1 percent.
She has based her career on lies and gotten rich by taking advantage of the same opportunities she now wants to deny millions of Americans. Elizabeth Warren is the personification of the “capitalist greed” she has built her political career fighting against.
Lisa Boothe is a contributing columnist for The Washington Examiner and president of High Noon Strategies.
