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.