Elizabeth Warren vs. Wall Street

  • Aired:  05/19/14
  •  | Views: 30,167

Senator Elizabeth Warren's crusade against consumer fraud threatens to take the high-risk adventure out of banking. (5:22)

>> I WANT YOU TO KNOW I JUSTSHOWED ADMIRABLE RESTRAINT.

BUT FOLKS WHETHER YOU ARE ANAMERICAN OR A LADY AMERICAN,

THINGS ARE GOING GREAT INTHIS COUNTRY RIGHT NOW.

THE DOW IS OVER 16,000.

AND THAT IS A LOT OF DOWS.

I MEAN TO PUT THAT INLAYMEN'S TERMS, IF YOU TOOK

16,000 DOWS AND LAID THEMEND-TO-END THAT WILL BE

ALMOST 5 NASDAQS AND I HOPE IDON'T HAVE TO TELL YOU WHAT

THAT MEANS BECAUSE I WOULDHAVE TO ASK SOMEONE ELSE.

>> WE'VE COME A LONG WAYSINCE 2008 WHEN THE ECONOMY

CRATERED THANKS TO OBAMA'SMISGUIDED RUNNING FOR

PRESIDENT.

I THINK, I WAS PREOCCUPIEDWITH THE LAST SEASON OF

ACCORDING TO JIM. IT WAS A DARKTIME FOR EVERYONE.

AND FOLKS THIS RECOVERY ISALL THANKS TO OUR HEROIC

BANKS WHO, FACED WITH POSSIBLEEXTINCTION, HUNKERED DOWN

AND GOT TO WORK ACCEPTINGALL THE MONEY IN THE WORLD

THAT WE GAVE THEM.

AND ALL THEY ASKED IN RETURNIS THAT WE NOT ASK ANYTHING

IN RETURN OR EVER BRING THESUBJECT UP AGAIN.

BUT SOME WANTED TO DESTROYOUR BANKS LIKE MASSACHUSETTS

SENATOR AND SCHOOL LIBRARIANYOU HAD A CRUSH ON ELIZABETH

WARREN. (APPLAUSE)

SHE IS CREDITED WITH THECREATION

OF THE CONSUMER FINANCIALPROTECTION BUREAU AND ARGUED

FOR IT ON THE WORLD'S MOSTRESPECTED FINANCIAL PROGRAM.

>> I WANT A STRONG CONSUMERAGENCY.

>> WHAT WOULD THEY DO.

>> WHAT THEY WOULD DO ISMAKE SURE WE COULD ALL READ

OUR CREDIT CARD AGREEMENT.

>> CAN'T YOU READ YOUR CREDITCARD AGREEMENT?

>> NOT THE ONES WE HAVE NOW,THEY ARE ABOUT 30 PAGES LONG,

TINY LITTLE PRINT.

>> YOU ARE A PROFESSOR OFCONTRACT LAW AT HARVARD

UNIVERSITY.

>> THAT'S RIGHT.

>> AND YOU CAN'T READ THEM.

>> THAT'S RIGHT.

IT'S DESIGNED NOT TO BEREAD.

>> GOOD BECAUSE I CAN'T READMY CREDIT CARD AGREEMENT.

IT'S AGAINST MY CREDIT CARDAGREEMENT.

I THINK, I'M TOO SCARED TOREAD IT AND WARREN'S NOT

JUST ATTACKING CREDIT CARDS NOW,SENATOR BUZZSHACKLE HERE WANTS

TO TAKE THE ADVENTURE OUT OFBANKING.

>> BANKING SHOULD NOT BETHIS KIND OF HIGH RISK

ACTIVITY.

AND IT SHOULD NOT BE TAKINGON RISK.

IF YOU WANT TO TAKE ON THOSERISKS YOU NEED TO BE

SOMEWHERE ELSE.

BANKING SHOULD BE BORING.

>> BANKING SHOULD NOT BEBORING.

OPENING A SIMPLE CHECKINGACCOUNT SHOULD BE A HIGH

RISK ADRENALINE FUELEDBALLS TO THE WALL EXTREME SPORT

THAT IS WHY MY ACCOUNTANTBILL FILES MY TAXES WHILE

LANDING IN AN INVERTED 360NOSEBONE BUTTERSLIDE.

AND IT'S NOT MAKING HER ANYFRIENDS, FOLKS.

>> ELIZABETH WARREN ISLOATHED BY WALL STREET,

HATED BY WALL STREET.

>> WALL STREET HATES HER.

>> THEY REALLY, REALLY DOHATE HER.

>> JUST LIKE THE OLD WALLSTREET ADAGE, IF YOU DON'T

HAVE ANYTHING NICE TO SAY,IT'S PROBABLY ABOUT

ELIZABETH WARREN.

AND NOW SHE'S INTRODUCED THEBANK ON STUDENT EMERGENCY

LOAN REFINANCING ACT.

A BILL SO SOCIALIST THATSOCIALIST SENATOR BERNIE

SANDERS PRAISED IT SAYINGTHE ONLY THING WRONG WITH

THIS BILL IS THAT ELIZABETHTHOUGHT OF IT AND I DIDN'T.

SHE'S OUT-COMMIE-ING THECOMMIE.

HANG ON, JIMMY, PUT WARREN'SHAIR ON SANDERS, OKAY.

NOW PUT SANDERS HAIR ONWARREN.

OH MY GOD, NOW SWITCH THEIRFACES IT'S THE SAME PERSON.

NOW WORST OF ALL, FOLKSWARREN'S SUPPORTERS ARE LINING

UP TO MAKE HER PRESIDENT ANDSHE IS DOING NOTHING

DISSUADE THEM.

>> I'M NOT RUNNING FORPRESIDENT.

>> I'M NOT RUNNING FORPRESIDENT.

>> I'M NOT RUNNING FORPRESIDENT.

>> I'M NOT RUNNING FORPRESIDENT.

>> OH, METHINKS SHE DOTHCLEARLY STATE SHE'S NOT

RUNNING FOR PRESIDENT TOOMUCH.

I MEAN WHY ELSE WOULD SHERELEASE THIS MEMOIR A

FIGHTING CHANCE.

THE ONLY REASON POLITICIANSWRITE THESE THINGS IS

BECAUSE THEY ARE THROWINGTHEIR HAT IN THE RING.

THAT'S WHY I'M CONFIDENT THEREPUBLICANS ARE GOING TO

NOMINATE GOVERNOR FIFTY SHADES.HE PROMISES TO TIGHTEN

WASHINGTON'S BELT BUT IWON'T TELL YOU WHERE.

THE POINT IS-- BIGREPUBLICAN AND OR BONDAGE

FANS HERE TONIGHT. THE POINTIS-- PUMPKINPATCH. THAT'S MY

SAFE WORD. THE POINT ISIRRESPONSIBLE MEDIA NEEDS TO

STOP GIVING SENATOR WARREN APLATFORM TO SPEW HER

DESTRUCTIVE AGENDA.

WHY?

I DON'T KNOW.

>> I WILL ASK TONIGHT'SGUEST SENATOR ELIZABETH

WARREN.

WE'LL BE RIGHT BACK.

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