Elizabeth Warren Quickly Fundraises Off AIG Decision

Photograph by Joshua Roberts/Bloomberg

Elizabeth Warren, shown testifying at a hearing of the House Committee on Oversight and Government Reform in Washington on July 14, 2011.

Elizabeth Warren has barely had time to warm her seat as the new U.S. Senator from Massachusetts, but she wasted no time sending a new fundraising note today — claiming some credit for stoking a populist backlash against the American International Group.

Warren was among those who protested earlier this week after reports that AIG might join the lawsuit filed against the government by ex-CEO Maurice “Hank” Greenberg, alleging that the $182.3 billion rescue of the insurer in 2008 was unconstitutional. Such a move would be “outrageous,” she said in a statement issued on Tuesday.

Yesterday, AIG’s board of directors decided not to join the lawsuit. In today’s fundraising e-mail, which is titled “They backed off,” Warren says, “We need to be willing to speak up when taxpayers are getting a bad deal.” She asks recipients to “help us continue to grow our team.”

Warren, a Democrat, will take a seat on the Senate Banking Committee when the chamber convenes following President Barack Obama’s inauguration for a second term.



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