Review: Elizabeth Warren

Elizabeth Warren

Elizabeth WarrenAntonia Felix. Naperville, IL: Sourcebooks, 2018

Summary: A biography of the Democrat U.S. Senator from Massachusetts, from the financial struggles of her family, her academic life and the research that changed her life, and her work protecting consumers that led to her Senate run.

“She persisted.” These words became a rallying cry when Elizabeth Warren attempted to read a letter from Coretta Scott King during the confirmation hearings of Jeff Session to the cabinet office of Attorney General. The letter spoke to Mrs. King’s contention that Sessions, as a federal judge had taken actions that chilled the exercise of voting rights by black citizens. She was interrupted once, warned of impugning the character of a fellow senator. The second time, Mitch McConnell stopped her, and she was forced to take her seat after the Republican dominated Senate voted to silence her. He said, “She was warned. She was given an explanation. Nevertheless, she persisted.” And she did. Banned from speaking in the Senate, she read the letter on a live Facebook video.

This was just the latest instance of a persistence born of a commitment to advocate for those our system often overlooks. It began, according to Antonia Felix, in Oklahoma, and her own family’s struggles to make ends meet. She watched her mother go to work save their home when her father had a heart attack. She had a passion to teach when becoming a homemaker was society’s vision for women and struggled in her early years between these two visions. A love of debate led to a scholarship to George Washington University. Her love for Jim Warren, high school sweetheart, led to a move to Texas, and completion of her degree at the University of Houston in speech pathology. A teaching job ended when she became pregnant. Struggling with the life of a stay at home mom after a move to New Jersey following her husband’s job, she enrolled in Rutgers Law School, which she described as “an advanced degree in thinking.” Completing law school, she and Jim moved back to Houston, with a second child, a son.

An offer to teach the legal writing at the University of Houston Law Center launched her career–and led to the end of her first marriage, as conflicts between her and Jim made it clear they had different marriage and life visions. She met her current husband, Bruce, at Houston. The biography goes on to trace her legal career as she moved to Texas, Penn, and eventually Harvard.

More significant, and especially for someone like myself who works with academics, Warren was transformed by her research. When she began her legal career, she was influenced by a law and economics course taught by Henry Manne in a program funded by the conservative John M. Olin Foundation, essentially a right wing group. One of her research interests was bankruptcy, particularly in a period when bankruptcy laws had made debt relief more accessible to financially troubled families. There were many advocating for tougher laws, contending that people were gaming the system and irresponsible. She ended up studying thousands of bankruptcy cases and came to a very different conclusion that contradicted her right wing leanings. She discovered lending and credit card practices that created debt loads that pressed families to limits at which a job loss or illness would push them over the edge. Terms buried in credit card agreements and sub-prime loans for those qualifying for better terms were the most outstanding examples.

It transformed her into an advocate for consumers and led to her helping set up, under the Obama administration, the Consumer Financial Protection Agency. In a landmark journal article (reprinted in the book) Warren argued,

“It is impossible to buy a toaster that has a one-in-five chance of bursting into flames and burning down your house. But it is possible to refinance an existing home with a mortgage that has the same one-in-five chance of putting the family out on the street–and the mortgage won’t even carry a disclosure of that fact to the homeowner. Similarly, it’s impossible to change the price on a toaster once it has been purchased. But long after the papers have been signed, it is possible to triple the price of the credit used to finance the purchase of that appliance, even if the customer meets all the credit terms, in full and on time.”

Bank failures and the sins of Wall Street in 2008 made her a fierce advocate for regulatory reform and finally convinced her to run for the Senate seat in Massachusetts in 2012. Opposition to efforts to roll back reforms made during the Obama years has made her a visible object for attack, including her claims of Indian heritage. The book includes the transcript of an address to Native Americans where she addresses this.

Warren is up for re-election this year, and has acknowledged that she is giving serious consideration to a run for the presidency in 2020. This book does have something of the feel of a campaign piece, introducing the wider public to Warren, addressing criticisms without making new ones. But it also did reveal something extraordinary that impressed me. Here was an academic whose research changed her mind and compelled her to act on what she found. She didn’t remain a “one dimensional scholar” remaining detached from her findings. She moved to work in government to apply those findings in ways that made life better for the people she studied. She cared more about truth than ideology, and allowed evidence to change her mind, and then showed the courage of her convictions over and over in advocacy. She persisted.

____________________________

Disclosure of Material Connection: I received a complimentary advance reader copy of this book from the publisher in exchange for an honest review. The opinions I have expressed are my own.

Why The Disclosure on Reviews?

Flag_of_the_United_States_Federal_Trade_CommissionOne of the curious things I discovered when I began receiving books from publishers to review on my blog was that I need to disclose my “material connection” with the publisher that provided the review copy. On my blog, it appears at the end of the review of any book I have received for free for review purposes. It is usually some variation of this:

Disclosure of Material Connection: I received this book free from the publisher. I was not required to write a positive review. The opinions I have expressed are my own.

I wondered whether this was some kind of “urban myth” circulating on the internet. I learned that this is a real deal and that while I haven’t heard of bloggers being prosecuted for failing to disclose “material connections” I’m given to understand it could happen. This blog is simply a labor of love. Besides some free books, I do not get paid for writing it, and I consider the effort of reading the books and writing honest reviews a fair exchange. Simply put, I have no interest in shelling out legal fees, so I include the disclosure, even though it seems kind of unfriendly.

This all comes from rules the Federal Trade Commission put in place in 2009 for online media that is called “16 CFR Part 255” or “Guides Concerning the Use of Endorsements and Testimonials in Advertising.” There are a few important things (do not take this as legal advice, I am not a lawyer) that I gleaned in reading this.

  1. I need to disclose a material connection each and every time I review a book I received for free for review purposes from the publisher. A single disclosure on my home or about page isn’t sufficient. I don’t have to include a disclosure on books I review that I’ve purchased and you will not see such a disclosure in those reviews.
  2. Disclosures need to be “clear and conspicuous.” It should be close to the content or claim, in easily readable print (or if it is an audio blog, it needs to be audible and read at a speed that can be followed.)
  3. There is no single legal template that must be followed, simply a brief disclosure such as “I received this product for free in exchange for a review.” I drew my language from this site. For a while I included the legalese about the FTC regulation but eventually dropped it because the FTC doesn’t require this.
  4. If you are paid in exchange for a review, you should disclose that but do not need to specify the amount. Likewise, if you are an affiliate marketer for a retail site and provide links to that site that allow you to receive payment if people make purchases by that link, you should disclose that. This article provides pretty good help on what you need to do if you do this. I do not include links to online retailers other than the publisher and I receive no compensation for this. I try to encourage people to buy from local booksellers, especially independents.

A question that may have occurred to you is “why don’t print media reviewers have to make similar disclosures?” The best answer I can find is that people understand already that reviewers receive review copies from publishers. They do not necessarily know this on social media (this also applies to other products). This disclosure protects consumers by letting them know that there is a relationship with the publisher or manufacturer of the product that may influence the review.

Does this relationship influence me? I don’t think so but it is probably best to let others judge. I know I have been critical of books I’ve received as review copies (including one I received this week). I’ve not had the experience of publishers no longer sending review copies because I wrote something critical. I always try to be fair, and affirm what I think is good or helpful in a book, whether I paid for it or not. I realize authors have invested deeply in what they have brought to print. I make it a point to leave the decision of whether to buy a book or not up to the reader. I will never say, “don’t buy this book.”

Actually reviews may be more influenced by those who view them and follow the blog. Publishers ask for these statistics and base decisions on who they send review copies to on who you write for and how many they are. It’s odd that I don’t have to disclose on the blog. It’s my observation that most bloggers are far more driven by this factor than “material connections.” Actually, I’m quite grateful for those of you who read, comment and follow–you make this worth it!

So, I will keep providing those disclosures. I suppose it is a way of keeping me honest. I hope you will do that as well. If a review is helpful, I’d love to know that, but equally, if you think I really got it wrong on a book, let me know. No refunds, but you will keep me mindful of those I really write for!