Sen. Elizabeth Warren made clear Wednesday that she has no sympathy for one of the Trump administration’s top bank regulators after he called a tough line of questioning on Wells Fargo “insulting.”
“Good,” responded Warren, a 2020 Democratic presidential candidate, after Office of the Comptroller of the Currency (OCC) chief Joseph Otting objected to the Massachusetts senator’s criticism of the Trump administration’s bank-friendly regulatory practices and lack of transparency.
The Massachusetts senator pushed Otting on his plan to keep secret the Trump administration’s assessment of the successor to former Wells Fargo CEO Tim Sloan, whose scandal-plagued tenure ended with his abrupt resignation in March.
Warren—who frequently called for Sloan’s ouster and applauded when he stepped down—asked Otting to commit to “publicly disclosing the OCC’s evaluation of the ‘competence, experience, character, or integrity’ of the next Wells CEO.”
When Otting refused—citing his “prerogative”—and claimed “no one has been more tougher [sic]” on Wells Fargo than himself, Warren said, “At the OCC? That’s a low bar.”
“I find that insulting that you would make that comment,” said Otting, to which Warren replied, “Good.”
Watch the exchange, which took place at a Senate Banking Committee hearing:
"No one has been tougher on Wells Fargo than myself," Treasury official Joseph Otting says.
"You mean at the OCC? That's a low bar," Sen. Elizabeth Warren responds.
"I would disagree with that. I find that insulting, that you would make that comment."
"Good!" Warren says. pic.twitter.com/KG75fqDAH7
— ABC News (@ABC) May 15, 2019
Warren proceeded to highlight the widespread impact Wells Fargo’s massive fake account scandal had on millions of Americans.
“You know, people all across this country were scammed and squeezed by Wells Fargo,” said Warren. “Their houses were taken away, their cars were stolen, because the bank’s executives were more concerned about making mountains of money than about following the law.”
“And the OCC never uttered a peep about their executives who were leading this. The OCC blew it once by letting Tim Sloan take over. This time, you need to show your work and make your supervision public. That way consumers and Congress can hold you accountable.”
Trump’s threats to reject peaceful transition have made America look ‘ridiculous the world over’: historian
On CNN Saturday, historian Douglas Brinkley warned that President Donald Trump's repeated threats to reject a peaceful transition of power are a national humiliation for America on the world stage.
"I want to point out something that you told The New York Times on the president's election doubts," said anchor Christi Paul. "Your quote is, 'This may be the most damaging thing he's ever done to American democracy.' How so?"
"Because our great export in the United States is our free and fair elections," said Brinkley. "So we tell the rest of the world how to hold them and now here we are in 2020, mayhem about to happen, president of the United States talking about fraudulent ballots, rigged election, I may not leave even if I lose. It makes us look ridiculous the world over. We've lost our franchise on free and fair elections. You almost feel like we need a group of nations to monitor our own election, instead of the other way around."
DOJ’s rush to publicize discarded ballots story is evidence of pro-Trump election interference: report
Past and present employees at the Justice Department are questioning the motives of higher-ups who prematurely announced an investigation into discarded ballots in Pennsylvania, only to have to quickly walk back their story as more details become available.
According to a report from the Guardian, federal prosecutors jumped all over a story out of Luzerne County, Pennsylvania, that an employee “incorrectly discarded” a handful of ballots in mid-September that led to a meeting between Donald Trump and Attorney General Bill Barr. With the DOJ publically announcing the ballots were for Trump, that allowed to the president to turn it into a campaign issue even though the story fell apart within hours.
‘Apocalyptic memes’ have pushed Trump supporters to embrace an age-old Messianic conspiracy theory: report
On Saturday, writing for The New Yorker, Matt Alt explored the ways that the QAnon conspiracy theory — which holds that Trump is trying to bring down a world-spanning Satanic sex trafficking operation by Democrats and the Deep State — is essentially a new version of an age-old paranoid belief system, repackaged for the age of the internet.
"QAnon is a conspiracy theory, but it is many other things as well, by turns an online troll campaign, a Messianic world view, a form of interactive role-playing, and a way to sell T-shirts," wrote Alt. "QAnon sounds like the plot of a Z-grade horror movie, but it is a product of the Internet and, more specifically, of social-media networks."