Elizabeth Warren: When Going Got Tough, Obama Admin ‘Picked Wall Street’

Senator and potential 2016 presidential challenger Elizabeth Warren told Thomas Frank in Salon that President Barack Obama had done a considerable amount for financial reform in his two terms, but that his administration had missed opportunities to more substantively restructure the financial sector by siding with Wall Street interests.

“They protected Wall Street,” she said. “Not families who were losing their homes. Not people who lost their jobs. Not young people who were struggling to get an education. And it happened over and over and over. So I see both of those things and they both matter.”

Warren praised Obama for creating the Consumer Financial Protection Bureau, which she was originally supposed to lead, but added that his economic team resisted more structural change.

If Barack Obama had not been president of the United States we would not have a Consumer Financial Protection Bureau,” she said. “At the same time, he picked his economic team and when the going got tough, his economic team picked Wall Street.”

[h/t Salon]

[Image via screengrab]

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