They turned the bankruptcy courts into collection agencies for credit card companies. That means there's less protection for victims of Katrina.
"Elizabeth Ann Warren" is an American academic and politician who is the senior United States Senator from Massachusetts and a member of the Democratic Party (United States)/Democratic Party. She was previously a Harvard Law School professor specializing in Bankruptcy in the United States/bankruptcy law. Warren is an active consumer protection advocate whose work led to the conception and establishment of the United States Consumer Financial Protection Bureau/U.S. Consumer Financial Protection Bureau. She has written a number of academic and popular works, and is a frequent subject of media interviews regarding the American economy and personal finance.
Following the 2008 financial crisis, Warren served as chair of the Congressional Oversight Panel created to oversee the Troubled Assets Relief Program/Troubled Asset Relief Program (TARP). She later served as Assistant to the President#Organization/Assistant to the President and Special Advisor to the United States Secretary of the Treasury/Secretary of the Treasury for the Consumer Financial Protection Bureau under President of the United States/President Barack Obama. During the late 2000s, she was recognized by publications such as the National Law Journal and the Time 100/Time 100 as an increasingly influential public policy figure.
More Elizabeth Warren on Wikipedia.A family relying on a teacher's salary or a city employee's salary is solidly middle class as long as that money's coming in. When it's cut off, they're committed to financial obligations that will quickly turn them upside down.
Many of these people are sophisticated business people for whom markets have reversed... They don't need to know how to balance a checkbook.
The Two-Income Trap: Why Middle-Class Mothers and Fathers Are Going Broke.
Nobody's safe. Health insurance? That didn't protect 1 million Americans who were financially ruined by illness or medical bills last year.
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