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.”
So much for ‘originalism’ — Trump’s impeachment defense is a constitutional dumpster fire
In the absence of any exculpatory evidence, Donald Trump's defense against impeachment increasingly relies on arguments that fly directly in the face of the Constitution. Trump himself set the standard last July with his grandiose claim that "Article II says I can do anything I want," which encountered no serious pushback from his fellow Republicans.
This article first appeared in Salon.
Trump lawyer Purpura busted by MSNBC for lying on the Senate floor during impeachment trial
Moments after the end of the Saturday's Senate impeachment trial of Donald Trump concluded, MSNBC host Brian Williams pointed out that one of Donald Trump's attorney's lied on the Senate floor about the president's Ukraine scandal-- and he had a clip handy to prove it.
Sharing footage of attorney Mike Purpura stating the higher-ups in Ukraine were unaware that Donald Trump was withholding aid until after the government helped him by announcing an investigation into former Vice President Joe Biden, the MSNBC host called the attorney out.
To make his point that Pupura was being untruthful, Williams then showed a clip of Defense Department official Laura Cooper, who testified that Ukrainians were asking about the delay on the day of the Trump phone call that was the starting point of the impeachment trial.
‘That dog doesn’t hunt’: Ex-senator burns down fake GOP outrage over Schiff’s ‘heads on pikes’ comment
Speaking to MSNBC's Brian Williams on Saturday, former Sen. Claire McCaskill (D-MO) had no patience for the GOP senators, including the so-called "moderates" Susan Collins (R-ME) and Lisa Murkowski (R-AK), complaining about the closing comments by Rep. Adam Schiff (D-CA) quoting an anonymous source to CBS News saying President Donald Trump and threatened senators would have their "head on a pike" if they voted to convict.
"Several Republican senators took umbrage," said Williams. "Collins is said to have reacted verbally in the chamber. Murkowski was hurt afterwards. Can they really pin a vote on injured feelings?"