Wednesday, March 24, 2010

Behind Consumer Agency Idea, a Relentless Advocate

New York Times: ... The defining event of Elizabeth Warren’s life may have taken place before she was born, when a business partner ran off with the money her father had scraped together to start a car dealership. She arrived a few years later, in 1949, another mouth for a strapped family to feed. But she used that mouth to talk her way into a debate scholarship at George Washington University at age 16.

She became a speech therapist, then a lawyer — she hung a shingle and did wills and real estate closings — then a part-time law instructor, and finally a leading scholar of bankruptcy. Her research helped change the stereotype of bankrupt people as feckless deadbeats: many, she showed, are middle-class workers upended by divorce or illness.

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