Summary

What $1 Million a Day Can Buy. While with COP, Warren wrote an article that suggested financial products, such as mortgages, should be treated like any other product. They should be tested for safety.

Cheated. Warren knew of a consumer who had gone to a car lot to buy a car and made a good deal. However, the deal changed a few days later when the interest, which had been marked as preliminary in his paperwork, was raised by more than four times the original. Warren wanted to stop these kinds of situations.

Don’t Shoot! In 2009, after her article came out, Warren was invited to a meeting at the AFL-CIO about financial reform. Warren was asked to present her ideas for consumer protection. She suggested they needed one agency that would oversee all financial products, rather than the many regulators that existed, regulators that...