Before Elizabeth Warren was a potential nominee to run the new Bureau of Consumer Financial Protection, she once wore a lesser-known hat: blogger. The Harvard Law School professor was one of the founding writers of CreditSlips, a blog that’s “a discussion on credit, finance and bankruptcy.” Her posts ended shortly after she headed to Washington in the fall of 2008 to head the Congressional Oversight Panel, monitoring TARP. Law and bankruptcy scholars, as well as lay consumer finance junkies make up the blog’s core audience, which serves as a digital water cooler for Warren and her colleagues.
The contributors lean decidedly pro-consumer, which is refreshing. They somehow missed the national directive that said every advocate has a duty to make the other side’s argument. They must believe (sensibly) that lenders have millions of dollars in advertising and an army of lobbyists to “tell their side of the story”.