“In 1978, we adopted a new Bankruptcy Code in the United States, and a principal part of this was designed to adjust to the new corporation, to find ways to let a corporation that had gotten into financial trouble reorganize itself. A big part of the selling point on this bankruptcy law was, 'It will preserve jobs.'”

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About Elizabeth Warren

A U.S. politician and legal scholar, Elizabeth Warren is best known for her work in consumer protection and financial regulation, particularly as the founder of the Consumer Financial Protection Bureau. Her writings and public advocacy focus on economic justice, wealth inequality, and systemic reforms to protect average Americans.

More from Elizabeth Warren (167 quotes) →
"In 1978, we adopted a new Bankruptcy Code in the United States, and a…" — Elizabeth Warren | Daily Quotes