Bailout watchdog warns of ‘coming collapse of the middle class’

Elizabeth Warren, the Harvard law professor who chairs the $700 billion financial bailout program oversight panel, offers a sobering view of the prospects for middle class families as they drown in personal debt from housing, health care and other costs attributed to suburban life.

Described as an outspoken critic of the credit economy, Warren and her students write the blog, Warren Reports, at TPMCafe.

h/t johnabyrne via Twitter

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Wendy Norris

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