A new report claims Massachusetts Sen. Elizabeth Warren and her husband made thousands of dollars by buying and selling foreclosed homes.
According to National Review, Warren and her husband took in at least $240,500 by flipping houses between 1993 and 1998. And she allegedly did so before stitching together her political career by standing up for everyday Americans — particularly in the face of bigger fish trying to make money off the lower class.
Warren, a Democrat, has also campaigned for consumer protection and helped spearhead the creation of the U.S. Consumer Financial Protection Bureau. And she's talked about the economy and helping Americans improve their financial situations.
The National Review story claims Warren and her husband flipped at least five houses in Oklahoma City for profit, including a home built in 1924 that they sold for $115,000 more than they paid for it.
"I don't think it's right, but I don't really know much about it. … You flip houses to make a profit, so I can't really fault [Warren] much," the granddaughter of the previous owner of the home built in 1924 told National Review. "I think my grandmother made a mistake by selling it for so cheap. … She had worked hard all her life and was a self-made woman."
Warren has said she voted Republican before moving left in the mid-1990s.
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9 comments:
Yes, she's really gone to the dark side!
Lizzy and Hilly Clinton in 2016...
so we can destroy what's left of America...We do not like America
Pretty sure this isn't a crime.
2:07 Not a crime but, it does show what a hypocrite she really is..Being dishonest and hypocritical is a badge of honor for Democrats tho, so, I doubt you even care.
I have never flipped a house but am pretty sure all flippers do so expecting to profit. IMO she did not commit a crime 17 years ago..
I guess we are supposed to buy houses that lazy people can no longer afford, put our hard earned money into them, then sell for a loss? 'Murica
3:26, you just swiped 2:07 across the arse and he doesn't even realize it.
It's called Capitalism. If she forced people out of their homes, that's one thing. But I'd bet the banksters did the foreclosing, and she and her husband ran a business. She might make a better Republican!
That was a lot of wampum back then. While I have reservations about her pedigree claims, what she is alleged to have done is legal.
But her hypocrisy shines forth when she wraps herself in populist robes and decries capitalists or those seeking a profit, when that is the very course she pursued for several years.
A hypocritical phony.
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