Sen. Elizabeth Warren Rides Populist Wave With 'Burning Toaster' Approach To Wall Street | MSNBC

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NOW WHILE SENATOR SANDERS
NOW WHILE SENATOR SANDERS SURGES, HE’S PUSHING THE PARTY
SURGES, HE’S PUSHING THE PARTY TO LEFT.
TO LEFT. SENATOR WARREN SAYING THEY SHARE
SENATOR WARREN SAYING THEY SHARE SIMILAR BELIEVES AND SHE IS THE
SIMILAR BELIEVES AND SHE IS THE ONE WITH THE RESULTS.
ONE WITH THE RESULTS. >> BERNIE AND I BOTH WANTED TO
>> BERNIE AND I BOTH WANTED TO HELP REIGN IN WALL STREET.
HELP REIGN IN WALL STREET. IN 2008 WE BOTH GOT OUR CHANCE.
IN 2008 WE BOTH GOT OUR CHANCE. BUT I DUG IN.
BUT I DUG IN. I FOUGHT THE BIG BANKS, I BUILT
I FOUGHT THE BIG BANKS, I BUILT THE COALITIONS AND I WON.
THE COALITIONS AND I WON. >> AND THAT BRINGS US TONIGHT TO
>> AND THAT BRINGS US TONIGHT TO A NEW INSTALLMENT IN BACK STORY,
A NEW INSTALLMENT IN BACK STORY, OUR SPECIAL SERIES THAT GOES
OUR SPECIAL SERIES THAT GOES DEEPER INTO CANDIDATE’S RECORDS.
DEEPER INTO CANDIDATE’S RECORDS. OUR GOAL IS TO REPORT BEYOND THE
OUR GOAL IS TO REPORT BEYOND THE DAILY HEADLINES AND EXAMINE A
DAILY HEADLINES AND EXAMINE A KEY BACK STORY.
KEY BACK STORY. SO, LET’S BE CLEAR THE CAUSE
SO, LET’S BE CLEAR THE CAUSE THAT ANIMATED HER CAREER, SHAPED
THAT ANIMATED HER CAREER, SHAPED HER POLITICAL EVOLUTION AND
HER POLITICAL EVOLUTION AND DEFINES HERCOME CAMPAIGN FOR THI
DEFINES HERCOME CAMPAIGN FOR THI DAY.
DAY. ADVOCATING FOR WORKING PEOPLE IN
ADVOCATING FOR WORKING PEOPLE IN LEGAL SYSTEMINIZES INCREASINGLY
LEGAL SYSTEMINIZES INCREASINGLY STAFFED FOR BANKS.
STAFFED FOR BANKS. MOST LAW PROFESSORS FOCUS ON
MOST LAW PROFESSORS FOCUS ON EXPLAINING HISTORY, RATHER THAN
EXPLAINING HISTORY, RATHER THAN MAKE HISTORY.
MAKE HISTORY. THEN HARVARD PROFESSOR WARREN
THEN HARVARD PROFESSOR WARREN CONCLUDED THE FINANCIAL LAWS
CONCLUDED THE FINANCIAL LAWS WEREN’T REALLY NEUTRAL.
WEREN’T REALLY NEUTRAL. THEY DIDN’T SIMPLY PATROL THE
THEY DIDN’T SIMPLY PATROL THE PLAYING FIELD LIKE A REFEREE,
PLAYING FIELD LIKE A REFEREE, THEY TILTED IT.
THEY TILTED IT. BUT ANY AMERICAN INDIVIDUAL
BUT ANY AMERICAN INDIVIDUAL CONSUMER WOULD TEND TO BE OUT
CONSUMER WOULD TEND TO BE OUT MATCHED WILD LAY BY THE
MATCHED WILD LAY BY THE ORGANIZED POWER OF WALL STREET.
ORGANIZED POWER OF WALL STREET. OKAY.
OKAY. THAT’S A DIAGNOSES.
THAT’S A DIAGNOSES. SOME WOULD DISAGREE AND A LOT
SOME WOULD DISAGREE AND A LOT AGREE.
AGREE. WHAT DO YOU DO ABOUT IT?
WHAT DO YOU DO ABOUT IT? WARREN VIEWS PROBLEMS AS AN
WARREN VIEWS PROBLEMS AS AN OPPORTUNITY.
OPPORTUNITY. >> THEY’RE READY FOR CHANGE AND
>> THEY’RE READY FOR CHANGE AND I GOT A PLAN FOR THAT.
I GOT A PLAN FOR THAT. >> IN FACT I GOT A LOT OF PLANS
>> IN FACT I GOT A LOT OF PLANS AND YES, I GOT A PLAN FOR THAT.
AND YES, I GOT A PLAN FOR THAT. >> BACK IN 2007, PROFESSOR
>> BACK IN 2007, PROFESSOR WARREN’S PLAN WAS TO CREATE
WARREN’S PLAN WAS TO CREATE SOMETHING THAT COULD POOL THE
SOMETHING THAT COULD POOL THE POWER OF CONSUMER WHOSE AREN’T
POWER OF CONSUMER WHOSE AREN’T IN ANY WAY ORGANIZED OR UNITED
IN ANY WAY ORGANIZED OR UNITED LIKE A BANKING INDUSTRY AND
LIKE A BANKING INDUSTRY AND PROTECT THEM.
PROTECT THEM. THE IDEA WAS PROTECT CITIZENS
THE IDEA WAS PROTECT CITIZENS AGAINST BANKS, THE SAME WAY
AGAINST BANKS, THE SAME WAY OTHER LAWS PROTECT AMERICAN’S
OTHER LAWS PROTECT AMERICAN’S HEALTH AND SAFETY AGAINST A
HEALTH AND SAFETY AGAINST A PRODUCT THEY MAY FIND THEY CAN
PRODUCT THEY MAY FIND THEY CAN SELL FOR A PROFIT BUT OTHERS
SELL FOR A PROFIT BUT OTHERS WITH TOO DANGEROUS WE WOULD WANT
WITH TOO DANGEROUS WE WOULD WANT IT SOLD IN THE FIRST PLACE.
IT SOLD IN THE FIRST PLACE. CONSIDER THE TOASTER.
CONSIDER THE TOASTER. AT FIRST GLANCE SEEMS LIKE AN
AT FIRST GLANCE SEEMS LIKE AN INNOCUOUS HOUSEHOLD APPLIANCE
INNOCUOUS HOUSEHOLD APPLIANCE UNTIL.
UNTIL. >> YOU TOOK A VIDEO OF IT.
>> YOU TOOK A VIDEO OF IT. >> WHOA.
>> WHOA. >> IN THE WRONG CIRCUMSTANCES,
>> IN THE WRONG CIRCUMSTANCES, WHEN THERE ARE CERTAIN EX
WHEN THERE ARE CERTAIN EX EXTRA FACTORS, THE TOASTER CAN
EXTRA FACTORS, THE TOASTER CAN TURN INTO A FIRE BALL.
TURN INTO A FIRE BALL. >> THERE WE GO.
>> THERE WE GO. NOW SHE’S GOING.
NOW SHE’S GOING. >> THAT IS TOASTER ON FIRE.
>> THAT IS TOASTER ON FIRE. >> JUST WHAT WE NEEDED.
>> JUST WHAT WE NEEDED. >> FACT CHECK TRUE.
>> FACT CHECK TRUE. THAT IS TOASTER ON FIRE.
THAT IS TOASTER ON FIRE. BURNING TOASTERS ARE DANGEROUS.
BURNING TOASTERS ARE DANGEROUS. THAT PARTICULAR ONE WENT DOWN
THAT PARTICULAR ONE WENT DOWN OUTSIDE.
OUTSIDE. BUT A REALLY CHEAP TOASTER CAN
BUT A REALLY CHEAP TOASTER CAN BE MORE PROFITABLE TO SELL THAN
BE MORE PROFITABLE TO SELL THAN A MORE EXPENSIVE SAFE ONE.
A MORE EXPENSIVE SAFE ONE. THE FACT IT’S UNSAFE MAKES IT
THE FACT IT’S UNSAFE MAKES IT MORE COSTLY FOR EVERYONE WHEN
MORE COSTLY FOR EVERYONE WHEN CAN T CATCHES ON FIRE.
CAN T CATCHES ON FIRE. THAT BASIC, CALL IT FLAMING
THAT BASIC, CALL IT FLAMING POINT, IS EXACTLY THE POINT
POINT, IS EXACTLY THE POINT ELIZABETH WARREN MADE, WRIETDING
ELIZABETH WARREN MADE, WRIETDING FEDERAL LAW MAKES IT IMPOSSIBLE
FEDERAL LAW MAKES IT IMPOSSIBLE TO BUY A TOESZER WITH A 20 PERP
TO BUY A TOESZER WITH A 20 PERP CHANCE OF BURSTING INTO FLAMES
CHANCE OF BURSTING INTO FLAMES AND BURNING DOWN YOUR HOUSE.
AND BURNING DOWN YOUR HOUSE. BUT THE LAW DOES ALLOW BANKS TO
BUT THE LAW DOES ALLOW BANKS TO SELL MORTGAGE PLANS WITH THE
SELL MORTGAGE PLANS WITH THE SAME 20% CHANCE OF PURTINGTTING
SAME 20% CHANCE OF PURTINGTTING FAMILY ON THE STREET.
FAMILY ON THE STREET. QUOTE, THE DIFFERENCE BETWEEN
QUOTE, THE DIFFERENCE BETWEEN THOSE TWO MARKETS IS REGULATION.
THOSE TWO MARKETS IS REGULATION. AND THAT’S HOW SHE EXPLAINED HER
AND THAT’S HOW SHE EXPLAINED HER IDEA IN THE ARTICLE IN 2007.
IDEA IN THE ARTICLE IN 2007. CHECK THE INCENTIVES FOR BANKS
CHECK THE INCENTIVES FOR BANKS TO SEEK PROFITS WHEN THEY FORCE
TO SEEK PROFITS WHEN THEY FORCE LARGER COSTS OR BANKRUPTCY ON
LARGER COSTS OR BANKRUPTCY ON YOU AND THAT RANGE SAIDS FROM AR
YOU AND THAT RANGE SAIDS FROM AR LIKE TOASTERS, SURE, TO
LIKE TOASTERS, SURE, TO MORTGAGES, STUDENT LOANS AND
MORTGAGES, STUDENT LOANS AND CREDIT CARDS.
CREDIT CARDS. THAT WAS 2007.
THAT WAS 2007. BUSH WAS PRESIDENT, ALLEN
BUSH WAS PRESIDENT, ALLEN GREENSPAN FINISHED A RECORD YEAR
GREENSPAN FINISHED A RECORD YEAR TO BIPARTISAN ACCLAIM.
TO BIPARTISAN ACCLAIM. FEW WERE TALKING ABOUT GETTING
FEW WERE TALKING ABOUT GETTING TOUGHER ON THE BANKS OR EYEING
TOUGHER ON THE BANKS OR EYEING THE POTENTIAL RISK OF COMP LKTED
THE POTENTIAL RISK OF COMP LKTED INSTRUMENTS THE BANK SAID MADE
INSTRUMENTS THE BANK SAID MADE EVERYBODY RICHER, UNTIL THINGS
EVERYBODY RICHER, UNTIL THINGS CHANGED.
CHANGED. >> MELTDOWN.
>> MELTDOWN. THE AMERICAN FINANCIAL SYSTEM IS
THE AMERICAN FINANCIAL SYSTEM IS ROCKED TO ITS FOUNDATION.
ROCKED TO ITS FOUNDATION. >> SHARE PRICES CONTINUE TO
>> SHARE PRICES CONTINUE TO TUMBLE.
TUMBLE. >> STOCK MARKETS CRASH.
>> STOCK MARKETS CRASH. >> BANKRUPTCIES.
>> BANKRUPTCIES. >> FORCLOSURE.
>> FORCLOSURE. >> AND THE GOVERNMENT BAILS.
>> AND THE GOVERNMENT BAILS. >> EVERYTHING CHANGED LIKE THAT.
>> EVERYTHING CHANGED LIKE THAT. CONGRESS BEGAN THAT
CONGRESS BEGAN THAT CONTROVERSIAL BAILOUT OF BANKS
CONTROVERSIAL BAILOUT OF BANKS WHO TOOK THE RISKS THAT GOT
WHO TOOK THE RISKS THAT GOT AMERICANS INTO THE MESS.
AMERICANS INTO THE MESS. THEY MIGHT CALL THE RISKY
THEY MIGHT CALL THE RISKY TOASTER BAILOUT.
TOASTER BAILOUT. SOME SAW HER AS THE VOICE OF
SOME SAW HER AS THE VOICE OF REASON.
REASON. HARRY REED PUTTING HER ON THE
HARRY REED PUTTING HER ON THE PANEL TO OVER SEA THE BAILOUT.
PANEL TO OVER SEA THE BAILOUT. AND HER WORK STARTED TO DRAW
AND HER WORK STARTED TO DRAW WIDER NOTICE.
WIDER NOTICE. >> THE BANKS THINK THEY’VE DONE
>> THE BANKS THINK THEY’VE DONE ANYTHING WRONG?
ANYTHING WRONG? >> YOU SHOULD ASK THE BANKS.
>> YOU SHOULD ASK THE BANKS. >> I THINK I KNOW WHAT THE BANKS
>> I THINK I KNOW WHAT THE BANKS WOULD SAY TO ME.
WOULD SAY TO ME. >> WARREN SEIZING THE MOMENT TO
>> WARREN SEIZING THE MOMENT TO GO WELL BEYOND HARVARD AND
GO WELL BEYOND HARVARD AND PUBLICLY ADVOCATE HER IDEAS.
PUBLICLY ADVOCATE HER IDEAS. >> IT’S GOING TO GO ONE WAY OR
>> IT’S GOING TO GO ONE WAY OR THE OTHER.
THE OTHER. WE’RE GOING TO DECIDE WE DON’T
WE’RE GOING TO DECIDE WE DON’T NEED REGULATION.
NEED REGULATION. IT’S FINE.
IT’S FINE. BOOM AND BUST, BOOM AND BUST AND
BOOM AND BUST, BOOM AND BUST AND GOOD LUCK WITH YOUR 401(k).
GOOD LUCK WITH YOUR 401(k). OR WE’RE GOING TO SAY WE’RE
OR WE’RE GOING TO SAY WE’RE GOING TO PUT IN SMART REGULATION
GOING TO PUT IN SMART REGULATION THAT’S GOING TO ADAPT TO THE
THAT’S GOING TO ADAPT TO THE FACT THAT WE HAVE NEW PRODUCTS
FACT THAT WE HAVE NEW PRODUCTS AND WE’RE GOING TO HAVE
AND WE’RE GOING TO HAVE STABILITY AND SOME REAL
STABILITY AND SOME REAL PROSPERITY FOR ORDINARY FOLKS.
PROSPERITY FOR ORDINARY FOLKS. >> AND THAT’S SOCIALISM.
>> AND THAT’S SOCIALISM. >> THERE’S THAT WORD SOCIALISM.
>> THERE’S THAT WORD SOCIALISM. CONGRESS DIDN’T TACK LOGICAL THE
CONGRESS DIDN’T TACK LOGICAL THE REFORMERS AND FEW WERE FINED.
REFORMERS AND FEW WERE FINED. FOR THE FINANCIAL ACTS THAT
FOR THE FINANCIAL ACTS THAT CAUSED FAR MORE DAMAGE THAN
CAUSED FAR MORE DAMAGE THAN INDIVIDUAL OFFENSES IN TAXES OR
INDIVIDUAL OFFENSES IN TAXES OR BANKRUPTCY, WHICH INDIVIDUAL
BANKRUPTCY, WHICH INDIVIDUAL CITIZENS SOMETIMES HAVE THEIR
CITIZENS SOMETIMES HAVE THEIR LIVES RUINED.
LIVES RUINED. BUT CONGRESS DID PASS A WALL
BUT CONGRESS DID PASS A WALL STREET BILL AND IN THOUSANDS
STREET BILL AND IN THOUSANDS OPITCHES, IT’S REMARKABLE TO
OPITCHES, IT’S REMARKABLE TO REMEMBER WARREN’S PLAN BECAME
REMEMBER WARREN’S PLAN BECAME LAW, CREATING THE CONSUMER
LAW, CREATING THE CONSUMER FINANCIAL PROTECTION BUREAU.
FINANCIAL PROTECTION BUREAU. AND THEY THOUGHT WHY NOT TAP THE
AND THEY THOUGHT WHY NOT TAP THE PURSES WHOON
PURSES WHOON PERSON WHO KICKED THE IDEA OFF.
PERSON WHO KICKED THE IDEA OFF. >> I HAVE KNOWN ELIZ BGTDABETH S
>> I HAVE KNOWN ELIZ BGTDABETH S LAW SCHOOL.
LAW SCHOOL. SHE’S A JANITOR’S DAUGHTER WHO
SHE’S A JANITOR’S DAUGHTER WHO HAS BECOME ONE OF THE FIERCEST
HAS BECOME ONE OF THE FIERCEST ADVOCATES FOR THE MIDDLE CLASS.
ADVOCATES FOR THE MIDDLE CLASS. AND THREE YEARS AGO SHE CAME
AND THREE YEARS AGO SHE CAME WITH AN GRD A NEW INDEPENDENT
WITH AN GRD A NEW INDEPENDENT AGENCY THAT WOULD HAVE ONE
AGENCY THAT WOULD HAVE ONE SIMPLE OVERRIDING MISSION,
SIMPLE OVERRIDING MISSION, STANDING UP FOR CONSUMERS AND
STANDING UP FOR CONSUMERS AND MIDDLE CLASS FAMILIES.
MIDDLE CLASS FAMILIES. >> EVEN AFTER THE CRASH AND A
>> EVEN AFTER THE CRASH AND A WALL STREET BAILOUT, MITCH
WALL STREET BAILOUT, MITCH McCONNELL LED SENATE REPUBLICANS
McCONNELL LED SENATE REPUBLICANS TO TRY AND BLOCK WARREN AND
TO TRY AND BLOCK WARREN AND OBSTRUCT THE LAWFUL AGENCY FROM
OBSTRUCT THE LAWFUL AGENCY FROM DOING ITS WORK.
DOING ITS WORK. LOOKING BACK ON IT NOW T,IT LOOK
LOOKING BACK ON IT NOW T,IT LOOK LIKE A REPUBLICAN BANKER’S DREAM
LIKE A REPUBLICAN BANKER’S DREAM IDEA OF MERRICK GARLANDING
IDEA OF MERRICK GARLANDING OBAMA’S WALL STREET AGENDA.
OBAMA’S WALL STREET AGENDA. VOWING POLITICAL EXTORTION AND
VOWING POLITICAL EXTORTION AND THREATENING TO EXPOSE ANY
THREATENING TO EXPOSE ANY DIRECTOR UNLESS IT WAS GUTTED
DIRECTOR UNLESS IT WAS GUTTED AND ALONG THE WAY SLAMMING
AND ALONG THE WAY SLAMMING WARREN.
WARREN. >> WE’RE PRETTY UNENTHUSIASTIC
>> WE’RE PRETTY UNENTHUSIASTIC ABOUT THE IDEA OF ELIZABETH
ABOUT THE IDEA OF ELIZABETH WARREN AND FRANKLY ABOUT THIS
WARREN AND FRANKLY ABOUT THIS NEW AGENCY.
NEW AGENCY. >> THE WHITE HOUSE TASKED WARREN
>> THE WHITE HOUSE TASKED WARREN ON LAUNCHING THE AGENCY WITHOUT
ON LAUNCHING THE AGENCY WITHOUT NAMING HER.
NAMING HER. A WAY TO SIDE STEP THAT
A WAY TO SIDE STEP THAT REPUBLICAN VOW TO BLOCK HER.
REPUBLICAN VOW TO BLOCK HER. >> FIRST QUESTION IS WHY NOT
>> FIRST QUESTION IS WHY NOT TAKE THAT FIGHT TO THE FLOOR OF
TAKE THAT FIGHT TO THE FLOOR OF THE SENATE?
THE SENATE? >> WELL, YOU KNOW, I HAVE TO SAY
>> WELL, YOU KNOW, I HAVE TO SAY I’VE NEVER WALKED AWAY FROM A
I’VE NEVER WALKED AWAY FROM A FIGHT IN MY LIFE.
FIGHT IN MY LIFE. YOU CAN ASK MY THREE OLDER
YOU CAN ASK MY THREE OLDER BROTHERS ABOUT THAT.
BROTHERS ABOUT THAT. BUT THE POINT IS THE TIME SPENT
BUT THE POINT IS THE TIME SPENT FIGHTING IS THE TIME NOT SPENT
FIGHTING IS THE TIME NOT SPENT DOING THE ACTUAL WORK OF THIS
DOING THE ACTUAL WORK OF THIS AGENCY.
AGENCY. >> WARREN DID SOME OF THE WORK
>> WARREN DID SOME OF THE WORK OF GETTING THE AGENCY STARTED
OF GETTING THE AGENCY STARTED AND OBAMA NOMINATED HER DEPUTY
AND OBAMA NOMINATED HER DEPUTY AS THE FIRST OFFICIAL DIRECTOR
AS THE FIRST OFFICIAL DIRECTOR AND THEY WENT ON TO CONFRONT THE
AND THEY WENT ON TO CONFRONT THE FINANCIAL INTERESTS, ALONG WITH
FINANCIAL INTERESTS, ALONG WITH CRACKING DOWN ON PAY DAY LENDERS
CRACKING DOWN ON PAY DAY LENDERS WHO PRAY ON LOW INCOME WORKERS
WHO PRAY ON LOW INCOME WORKERS WITH THEIR OWN BRAND OF BURNING
WITH THEIR OWN BRAND OF BURNING TOASTER SHORT-TERM LOANS.
TOASTER SHORT-TERM LOANS. FORCING DEBT COLLECTORS TO
FORCING DEBT COLLECTORS TO CHANGE THE WAY THEY DO BUSINESS
CHANGE THE WAY THEY DO BUSINESS AND THE AGENCY TURNED SOME OF IT
AND THE AGENCY TURNED SOME OF IT AROUND.
AROUND. FINED WELLS FARGO $100 MILLION
FINED WELLS FARGO $100 MILLION FOR MISS LEADING PEOPLE.
FOR MISS LEADING PEOPLE. MUCH OF THE MONEY WENT BACK TO
MUCH OF THE MONEY WENT BACK TO CONSUMERS, BACK TO YOU.
CONSUMERS, BACK TO YOU. BUT ON THE OTHER HAND, THE
BUT ON THE OTHER HAND, THE AGENCY’S WORK WAS CRITICIZED BY
AGENCY’S WORK WAS CRITICIZED BY EVEN SOME OF WARREN’S OWN
EVEN SOME OF WARREN’S OWN ECONOMIC PROGRESSIVES FOR
ECONOMIC PROGRESSIVES FOR FAILING TO DO ENOUGH TO PROTECT
FAILING TO DO ENOUGH TO PROTECT STUDENTS FROM PREDATORY LOANS.
STUDENTS FROM PREDATORY LOANS. AND THERE ARE OTHER CONSERVATIVE
AND THERE ARE OTHER CONSERVATIVE ECONOMIST WHOSE ARGUE THE AGENCY
ECONOMIST WHOSE ARGUE THE AGENCY STILL DOESN’T HAVE ENOUGH
STILL DOESN’T HAVE ENOUGH OVERSIGHT, WHICH MAKES IT A
OVERSIGHT, WHICH MAKES IT A SEPARATE NEW PROBLEM POTENTIALLY
SEPARATE NEW PROBLEM POTENTIALLY HURTING BUSINESS GROWTH BY
HURTING BUSINESS GROWTH BY LAUNCHING INVESTIGATIONS WITHOUT
LAUNCHING INVESTIGATIONS WITHOUT CAUSE, IMPOSING FINES WITHOUT
CAUSE, IMPOSING FINES WITHOUT REMEDY.
REMEDY. THEY’RE ARGUING AS THETHERE’S NO
THEY’RE ARGUING AS THETHERE’S NO ENOUGH DUE PROCESS.
ENOUGH DUE PROCESS. UNDER THE TRUMP ADMINISTRATION
UNDER THE TRUMP ADMINISTRATION THERE ARE EFFORTS TO UNDERCUT
THERE ARE EFFORTS TO UNDERCUT THE AGENCY’S ENTIRE AGENDA OF
THE AGENCY’S ENTIRE AGENDA OF HOLDING WALL STREET ACCOUNTABLE.
HOLDING WALL STREET ACCOUNTABLE. THERE’S A FIGHT OVER THE VERY
THERE’S A FIGHT OVER THE VERY LEADERSHIP BEFORE THE SUPREME
LEADERSHIP BEFORE THE SUPREME COURT.
COURT. AS FOR WARREN, IT’S STRIKING TO
AS FOR WARREN, IT’S STRIKING TO OBSERVE MITCH McCONNELL’S
OBSERVE MITCH McCONNELL’S OBSTRUCTION OF HER IN PARTICULAR
OBSTRUCTION OF HER IN PARTICULAR BACKFIRED ON HIM POLITICALLY.
BACKFIRED ON HIM POLITICALLY. REMEMBER, HAD SHE BEEN
REMEMBER, HAD SHE BEEN CONFIRMED, SHE WOULD HAVE BEEN
CONFIRMED, SHE WOULD HAVE BEEN REALLY BUSY WITH HER NEW OBAMA
REALLY BUSY WITH HER NEW OBAMA ADMINISTRATION DREAM JOB BUT
ADMINISTRATION DREAM JOB BUT BLOCKED FROM THE LONG-TERM
BLOCKED FROM THE LONG-TERM APPOINTMENT BY MITCH McCONNELL,
APPOINTMENT BY MITCH McCONNELL, SHE WAS FREE TO ENTERTAIN OTHER
SHE WAS FREE TO ENTERTAIN OTHER IDEAS.
IDEAS. >> ELIZABETH WARREN, THE VERY,
>> ELIZABETH WARREN, THE VERY, VERY POPULAR CONSUMER ADVOCATE,
VERY POPULAR CONSUMER ADVOCATE, CURRENTLY A KEY ADVISOR AND A
CURRENTLY A KEY ADVISOR AND A HIGH-PROFILE ADVISOR IN THE
HIGH-PROFILE ADVISOR IN THE OBAMA ADMINISTRATION.
OBAMA ADMINISTRATION. THEY’RE REPORTEDLY WOOG
THEY’RE REPORTEDLY WOOG ELIZABETH WARN TO RUN AGAINST
ELIZABETH WARN TO RUN AGAINST SCOTT BROWN FOR SENATE IN 2012.
SCOTT BROWN FOR SENATE IN 2012. >> SENATOR SCOTT BROWN WAS A
>> SENATOR SCOTT BROWN WAS A BLUE STATE REPUBLICAN.
BLUE STATE REPUBLICAN. SHE DIDN’T CHANGE HER MESSAGE
SHE DIDN’T CHANGE HER MESSAGE ABOUT CONSUMER PROTECTION, SHE
ABOUT CONSUMER PROTECTION, SHE BASICALLY UNLEASHED IT IN A NEW
BASICALLY UNLEASHED IT IN A NEW VENUE.
VENUE. >> THERE IS NOBODY IN THIS
>> THERE IS NOBODY IN THIS COUNTRY WHO GOT RICH ON HIS OWN.
COUNTRY WHO GOT RICH ON HIS OWN. NOBODY.
NOBODY. YOU BUILT A FACTORY OUT THERE.
YOU BUILT A FACTORY OUT THERE. GOOD FOR YOU.
GOOD FOR YOU. YOU MOVED YOUR GOODS TO MARKET
YOU MOVED YOUR GOODS TO MARKET ON THE ROADS THE REST OF US PAID
ON THE ROADS THE REST OF US PAID FOR.
FOR. YOU BUILT A FACTORY AND IT
YOU BUILT A FACTORY AND IT TURNED INTO SOMETHING TERRIFIC
TURNED INTO SOMETHING TERRIFIC OR A GREAT IDEA.
OR A GREAT IDEA. GOD BLESS.
GOD BLESS. KEEP A BIG HUNK OF IT.
KEEP A BIG HUNK OF IT. BUT PART OF THE UNDERLYING
BUT PART OF THE UNDERLYING SOCIAL CONTRACT IS YOU TAKE A
SOCIAL CONTRACT IS YOU TAKE A HUNK OF THAT AND PAY FORWARD FOR
HUNK OF THAT AND PAY FORWARD FOR THE NEXT KID WHO COMES ALONG.
THE NEXT KID WHO COMES ALONG. >> WARREN WON THAT RACE, CUTTING
>> WARREN WON THAT RACE, CUTTING DOWN McCONNELL’S MAJORITY BY AT
DOWN McCONNELL’S MAJORITY BY AT LEAST ONE VOTE AND SOON AT WORK
LEAST ONE VOTE AND SOON AT WORK CONFRONTING SOME OF TH LEADERS H
CONFRONTING SOME OF TH LEADERS H BATTLING.
BATTLING. >> SO, YOU HAVEN’T RESIGNED, YOU
>> SO, YOU HAVEN’T RESIGNED, YOU HAVEN’T RETURNED A SINGLE NICKEL
HAVEN’T RETURNED A SINGLE NICKEL OF YOUR PERSONAL EARNINGS,
OF YOUR PERSONAL EARNINGS, YOUVENT FIRED A SINGLE SENIOR
YOUVENT FIRED A SINGLE SENIOR EXECUTIVE.
EXECUTIVE. APPARENTLY YOUR DEFINITION OF
APPARENTLY YOUR DEFINITION OF ACCOUNTABLE IS TO PUSHES IT TO
ACCOUNTABLE IS TO PUSHES IT TO YOUR LOW LEVEL EMPLOYEES WHO
YOUR LOW LEVEL EMPLOYEES WHO DON’T HAVE THE MONEY FOR A FANCY
DON’T HAVE THE MONEY FOR A FANCY P.R. FIRM TO DEFEND THEMSELVES.
P.R. FIRM TO DEFEND THEMSELVES. IT’S GUTLESS LEADERSHIP.
IT’S GUTLESS LEADERSHIP. >> WAR PCHBSREN’S PLAN TO PROTEL
>> WAR PCHBSREN’S PLAN TO PROTEL THEM FROM BANKS AND DESIGNED TO
THEM FROM BANKS AND DESIGNED TO PUT THEM IN DEBT FROM RISKY
PUT THEM IN DEBT FROM RISKY MORTGAGES IS THE FOUNDATION OF
MORTGAGES IS THE FOUNDATION OF EVERYTHING SHE’S BEEN DOING IN
EVERYTHING SHE’S BEEN DOING IN POLICY AND POLITICS SINCE.
POLICY AND POLITICS SINCE. SO, AS WE DO IN THE SERIES, IT’S
SO, AS WE DO IN THE SERIES, IT’S INTERESTING TO NOTE WHATEVER
INTERESTING TO NOTE WHATEVER HAPPENS IN EARLY STATES AND MORE
HAPPENS IN EARLY STATES AND MORE STATES ON SUPER TUESDAY, PART OF
STATES ON SUPER TUESDAY, PART OF DEMOCRACY HAS ALWAYS AN IDEAS
DEMOCRACY HAS ALWAYS AN IDEAS PRIMARY.
PRIMARY. IT’S NOTE LKABLE SO MANY OF THE
IT’S NOTE LKABLE SO MANY OF THE THINGS THEY’RE PUSHING FOR ARE
THINGS THEY’RE PUSHING FOR ARE NOT ONLY LAW BUT THEY’RE GETTING
NOT ONLY LAW BUT THEY’RE GETTING MORE ATTENTION FROM MORE PEOPLE
MORE ATTENTION FROM MORE PEOPLE IN THE DEMOCRATIC PRIMARY AND