Mitch McConnell may have cut her off on the Senate floor, but Elizabeth Warren refuses to be silenced. Two days after becoming an internet meme, the Massachusetts senator sat down with Attn to discuss an underreported but no less pressing Trump scandal.
“What Donald Trump wants to do is fire one of the most important financial cops and then say to the American people, you keep walking down this dark alley and, you know, what happens is what happens,” Warren revealed.
The cop in question is Consumer Financial Protection Bureau director Richard Cordray. Cordray’s term ends in July 2018, but Rep. Jeb Hensarling (R-Texas), Chairman of the House Financial Services Committee, is encouraging Trump to “immediately fire” the director.
“The Consumer Financial Protection Bureau, which didn’t even exist before the financial crisis [prevents Americans from being] cheated on mortgages and credit cards and] the things that ultimately blew up our economy,” Warren explained.
The CFPD was created by the Dodd-Frank financial reform act and specifically helped combat home mortgage scams. Now that Trump wants to scrap the legislation, Republicans such as Rep. Hensarling along with Sen. Mike Lee of Utah and Sen. Ben Sasse of Nebraska say Cordray must go.
“The financial services industry, the giant banks figured out, Whoa, there’s money to be made here… by selling, lyin’ and cheatin’ scammin’ mortgages, and that’s what they did,” Warren said.
“They sold them in big numbers and for a little while it was feeling a sugar high,” she continued. “Housing prices went up, the economy went crazy, and then, of course, it all blew up. They not only cost people their homes and cost them their financial security, they cost millions of people across this country their jobs and their savings. They really created the economy that makes it so hard for young people to come in and get good and decent jobs and be able to move ahead.”
Warren became the Special Advisor to the Secretary of the Treasury for the Consumer Financial Protection Bureau in September 2010, but was not nominated to direct the agency for fear she would not pass confirmation. President Obama nominated Cordray instead 10 months later.
According to Warren, the agency functions as “a cop on the beat, to [provide] a level playing field” and “Donald Trump just started the process to try to gut the rules.”
Follow the money on impeachment: Trump bought off the McConnell and the rest of the GOP jury — and hints at bigger tax cuts
Republican senators are making millions off of Trump’s tax cuts — and will repay him by betraying their oath.
It's long been obvious that Republican senators have little interest in serving as impartial jurors in the impeachment trial of Donald Trump. While there is a raft of motivations for such historic perfidy — with several GOP senators politically benefiting from some of the same corrupting influences — one under-examined, non-Russian reason is personal greed.
‘Rattled’ White House was blindsided by Bolton revelations: report
In an appearance on CNN's "New Day," on Monday morning, Axios reporter Jonathan Swan revealed that the Donald Trump's White House was "rattled" by revelations contained in former national security advisor John Bolton's upcoming book -- and that they appeared to be unaware of them until they read them in the New York Times.
Speaking with hosts Alisyn Camerota, and John Berman, Swan was asked how the White House was responding to the bombshell revelations that blow a huge hole in Trump's impeachment defense.
"The New York Times knew about the content of the Bolton book before you say the press shop at the White House did. What itself is the significance there?" host Berman asked.
Palestinian PM calls on world to boycott Trump peace plan
Palestinian prime minister Mohammed Shtayyeh on Monday urged international powers to boycott US President Donald Trump's "peace plan" which they see as biased towards Israel.
"This a plan to protect Trump from impeachment and protect (Israeli Prime Minister Benjamin) Netanyahu from prison. It is not a Middle East peace plan," Shtayyeh told a cabinet meeting.
"This plan gives Israel sovereignty over Palestinian territory," he said.
Trump is expected to unveil his "peace plan" for the Middle East after hosting Monday in Washington Netanyahu and his political rival Benny Gantz.