Elizabeth Warren. For many Wall Street leaders, the name is like the sound of their impeccably manicured nails scratching against a blackboard. They have tried to marginalize her as left-wing extremist, but so far, her influence and popularity have only grown.
I have known and worked with Warren for many years, beginning with her days as a Harvard law professor and prominent bankruptcy expert to her current role as the senior Senator from Massachusetts. I must profess that the Elizabeth Warren I know respects business and the role it plays in jobs and wealth creation. Yes, she is a champion of the working class, but she couches her arguments in terms of policies that make the markets work better for all Americans. I don’t for the life of me understand what is radical or extreme about that.
Gr 8 Up –In 2008 the United States suffered a financial crisis and recession unlike any other since the stock market crash of 1929. At the time of this crisis, Bair was the chairperson of the Federal Deposit Insurance Corporation. According to the author, the prime reason for this crisis boiled down to too much borrowing. While not excusing individuals completely, the author sharply criticizes CEOs of large banks and their allies in government. Bair convincingly presents her case by first relaying six (fictional but based on actual people she encountered) stories of youths whose families were negatively impacted by the recession in one way or another (subprime mortgages, loan modifications, declining property values, loss of jobs.). Readers are given keen insight into the link between banking and the economy. An excellent selection that puts a human face on the economic crisis.–Jeanette Lambert, Nashville-Davidson County Schools, TN
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