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September 02, 2008



I'm totally with you that the "nation of whiners" scenario is completely wrong.

Are you a fan of Elizabeth Warren? She's a bankruptcy professor at Harvard Law School, and my hero! Her theory is that Americans have gotten into debt because of the loosening of regulations over the banking industry over the last few decades. With the changes to the bankruptcy laws in the past 2 years, it's gotten worse.

And most Americans get into financial trouble because of divorce, illness or job loss - not because they're running around spending money irresponsibly! Warren talks about all of this in her book "The Fragile Middle Class." You should check it out!


Actually, I'm a huge fan of Warren's (and I've read her articles, though not yet her book). My bankruptcy prof couldn't talk enough about her in our bankruptcy class!

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