Boston Globe promotes Elizabeth Warren for Senate.

Elizabeth Warren, intellectual mother of the CFPA,  continues her media tour.   On C-Span she beats the drumbeat of “transparency” as if that’s all that she wants.

Elizabeth Warren, the Harvard Professor tapped by Congress to oversee the financial bailout, thinks most consumer lenders are diabolical.  From the story: 

Card companies in particular are a favorite target. “What kind of profits are credit card companies squeezing out of middle class American families, using every trick in their (very big) book?” she wrote in a typical rant on her web log not so long ago. “Card companies don’t want to play by the same rules as everyone else—and with today’s rules, they don’t have to.” She’s not so crazy about subprime mortgage lenders, either. And payday lenders? Forget it. To Elizabeth Warren, the entire consumer lending industry is a “giant credit machine that wants to eat families alive.”

The good news is that payday lenders don’t need to be bailed out.  Apparently, they assess risk better than banks.