Elizabeth Warren's Real Estate Cred Makes Her Top Candidate for New Financial Bureau
Back in 2007, a relatively unknown Harvard Law professor named Elizabeth Warren warned that "for a growing number of families who are steered into...risky subprime mortgages...trust in a creditor turns out to be costly." In the months after the housing crash, Warren became a very public beacon of reason -- it's no wonder she is now considered the lead candidate to head the new Bureau of Consumer Financial Protection
, created by the financial bill he signed last week. Republican lawmakers and many mortgage bankers are leery of what they perceive to be Warren's anti-bank rhetoric, but many Democratic leaders and consumer advocates praise her "enormous credibility," as Treasury Secretary Timothy Geithner put it.
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