On with Kara Swisher
How Sen. Elizabeth Warren Is “Fighting Like Hell” Against Trump, Musk & Big Tech Billionaires
Mar 10, 2025
In this engaging conversation, Elizabeth Warren, Senior Senator from Massachusetts and a forceful advocate for consumer rights, dives deep into the political landscape shaped by figures like Trump and Musk. She expresses concerns over billionaire influence, particularly Musk's impact on regulatory bodies like the Consumer Financial Protection Bureau. Warren argues against a crypto reserve, highlighting its potential harm to everyday Americans, and discusses her hopes for 2028 presidential aspirations. Her insights illuminate the ongoing struggle for accountability and fairness in a rapidly changing political arena.
01:06:11
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Quick takeaways
- Sen. Elizabeth Warren highlights the critical role of the CFPB in protecting consumers, which faces threats from new leadership aimed at limiting its enforcement capabilities.
- Warren warns of increasing economic inequality driven by powerful billionaires like Trump and Musk, advocating for a level playing field to ensure fairness for all Americans.
Deep dives
The Role of the Consumer Financial Protection Bureau
The Consumer Financial Protection Bureau (CFPB), created in response to the 2008 financial crisis, plays a crucial role in regulating financial practices to protect consumers. Elizabeth Warren highlights its significance, noting that the CFPB has returned over $21 billion to consumers affected by scams and increased accountability among major financial institutions like Wells Fargo and Citibank. However, under new leadership, the agency faces challenges as recent decisions have limited its ability to hold companies accountable, thus endangering consumer protections. The efforts to undermine the CFPB reflect a broader concern about the enforcement of laws that safeguard everyday Americans against financial malfeasance.
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