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TexasTowelie

(112,120 posts)
Sun Aug 25, 2019, 06:43 AM Aug 2019

Warren's career started by studying families who went broke

CHICAGO -- As a young scholar, Elizabeth Warren traveled to federal courthouses, studying families overwhelmed by debt. She brought along a photocopier, gathering reams of statistics as she tried to answer one question: Why were these folks going bankrupt?

Warren, then a law professor, wasn't satisfied with textbook explanations. So she sat in courtrooms, listening to debtors' stories. She interviewed lawyers and judges, duplicated bankruptcy filings on a copier — nicknamed R2-D2 — that she hauled around to save printing costs. She teamed up with two professor-colleagues to review the documents and build a database.

Warren had suspected bankruptcy court might be a last stop for deadbeats, or maybe the very poor. Instead, she discovered mostly middle-class people, many who'd suffered a bad break — an illness, a divorce, a job loss. It was a predicament she understood. When Warren was 12 years old, her father had a heart attack. Her mother went to work in a minimum-wage job at Sears to pay the bills.

Warren's foray into bankruptcy was the first step in a four-decade journey that has come to define her public profile and shape her politics. As a law professor, prominent bankruptcy expert, consumer watchdog, Massachusetts senator and Democratic presidential candidate, Warren has consistently championed economic reforms — with mixed results — to boost the middle class.

Read more: https://www-1.thenewstribune.com/news/business/article234321167.html
(Tacoma News Tribune)

If I were to vote in a presidential
primary today, I would vote for:
Joe Biden
8 replies = new reply since forum marked as read
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Warren's career started by studying families who went broke (Original Post) TexasTowelie Aug 2019 OP
the poor can not afford to go bankrupt rampartc Aug 2019 #1
She's the financial expert duforsure Aug 2019 #2
K&R betsuni Aug 2019 #3
Very important background story - thanks! rurallib Aug 2019 #4
Another example Roy Rolling Aug 2019 #5
+1 nt backtoblue Aug 2019 #7
It's a huge part of why I support her; a demonstrated ability to change her hypothesis in the... NNadir Aug 2019 #6
K&R BeckyDem Aug 2019 #8
 

rampartc

(5,403 posts)
1. the poor can not afford to go bankrupt
Sun Aug 25, 2019, 06:49 AM
Aug 2019

bankruptcy is a means for the rich to avoid their creditors.

If I were to vote in a presidential
primary today, I would vote for:
Undecided
 

duforsure

(11,885 posts)
2. She's the financial expert
Sun Aug 25, 2019, 07:08 AM
Aug 2019

Who is capable of fixing the economic nightmare trump and the KGBOP have put us in, and understands bankruptcy , while trump is an expert on causing bankruptcy. I think she could help the most fighting the recession trump and the KGBOP have created from paying off their wealthy donors with our money, and they're chomping at the bit to destroy Social Security, Medicare, and Medicaid claiming they have to,which is not true at all. They're making the rich richer, and stealing it from the middle class, and the poor. Why do people vote to do that to themselves?

If I were to vote in a presidential
primary today, I would vote for:
Joe Biden
 

rurallib

(62,406 posts)
4. Very important background story - thanks!
Sun Aug 25, 2019, 08:05 AM
Aug 2019
If I were to vote in a presidential
primary today, I would vote for:
Joe Biden
 

Roy Rolling

(6,911 posts)
5. Another example
Sun Aug 25, 2019, 09:02 AM
Aug 2019

Bankruptcy laws were designed to help poor people make a new start.

Now, they’ve evolved into laws that benefit the rich and exclude the poor from things like credit card debt or student loans—things rich people enslave poor people with.

If I were to vote in a presidential
primary today, I would vote for:
Joe Biden
 

NNadir

(33,512 posts)
6. It's a huge part of why I support her; a demonstrated ability to change her hypothesis in the...
Sun Aug 25, 2019, 09:20 AM
Aug 2019

...face of facts.

If I were to vote in a presidential
primary today, I would vote for:
Joe Biden
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