Elizabeth Warren: Foreclosures Threaten Economy

Elizabeth Warren i i

hide captionElizabeth Warren specializes in bankruptcy and contract law at Harvard Law School.

Frank Carrere
Elizabeth Warren

Elizabeth Warren (left) and her daughter Amelia Warren Tyagi wrote The Two-Income Trap together in 2003.

Frank Carrere

According to a report issued Mar. 6, 2009 by the Congressional Oversight Panel charged with monitoring the use of bailout funds, the rate of home foreclosure is now three times its historic rate — "so large that it threatens the entire economy."

Panel chairwoman Elizabeth Warren joins Fresh Air to discuss the foreclosure problem — and what can be done about it.

The Congressional Oversight Panel was created in October 2008 to oversee the $700 billion Troubled Asset Relief Program (TARP). Warren was appointed chairwoman in the panel's first meeting. In December 2008, Warren criticized the bailout program for lacking a clear direction or approach.

Warren is a Leo Gottlieb Professor of Law at Harvard Law School and the co-author of The Two-Income Trap: Why Middle-Class Mothers & Fathers Are Going Broke, which she wrote with her daughter in 2003.

Books Featured In This Story

The Two-Income Trap
The Two-Income Trap

Why Middle-Class Mothers and Fathers Are Going Broke

by Elizabeth Warren and Amelia Warren Tyagi

Hardcover, 255 pages | purchase

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Purchase Featured Books

  • The Two-Income Trap
  • Why Middle-Class Mothers and Fathers Are Going Broke
  • Elizabeth Warren and Amelia Warren Tyagi

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