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Elizabeth Warren: “Elon Musk comes in and decides he's just going to shut [the…”

Featuring: Elizabeth Warren, Democratic | U.S. Senate, Massachusetts

Interview with Senator Elizabeth Warren on Trump's Policies and Administration Challenges

Published April 21, 2025 | Video Starts at 32:48

And it's like the other bank regulators, financed outside the tax system. So it's not. It's not a tax part of the taxing authority. So anyway, Elon Musk comes in and decides he's just going to shut [the Consumer Financial Protection Bureau] down. In fact, he posts on X cfpb, the initials for the Consumer Financial Protection Bureau. Cfpb, rip with a gravestone emoji, man, that's serious policymaking. And tries to shut it down. (32:48)

CLAIM

Asserts that Elon Musk intends to shut down the Consumer Financial Protection Bureau.

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.

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Elizabeth Warren

“We have a convicted felon sitting in the White House.”
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“His first act once he was sworn in was to issue pardons to 1500 people who had taken part in an insurrection.”
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“Tim Cook put a million dollars into Donald Trump's inauguration campaign or inauguration events.”
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“A man who makes $8 million a day just on his federal contracts with our government.”
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“In the dozen years, [the Consumer Financial Protection Bureau] has discovered about $20 billion in fraud.”
Interview with Senator Elizabeth Warren on Trump's Policies and Administration Challenges | Uploaded April 21, 2025 | 31:35-31:43
“They've helped more than 200 million Americans.”
Interview with Senator Elizabeth Warren on Trump's Policies and Administration Challenges | Uploaded April 21, 2025 | 32:19-32:24
“Elon Musk put about a third of a billion dollars into helping Donald Trump get elected.”
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“Pete Hegseth was nominated principally because he was very, very, very, very loyal to Donald Trump.”
Interview with Senator Elizabeth Warren on Trump's Policies and Administration Challenges | Uploaded April 21, 2025 | 01:22-01:31
“Pete Hegseth literally puts our entire national defense at risk, not once, but twice that we know of.”
Interview with Senator Elizabeth Warren on Trump's Policies and Administration Challenges | Uploaded April 21, 2025 | 01:56-02:08
“You're not supposed to have those calls over signal, no matter who initiated them.”
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“The Trump administration is not big on accountability.”
Interview with Senator Elizabeth Warren on Trump's Policies and Administration Challenges | Uploaded April 21, 2025 | 04:08-04:13
“Economists have told us, Wall Street has told us and is telling us pretty firmly right now... we're moving toward recession with these…”
Interview with Senator Elizabeth Warren on Trump's Policies and Administration Challenges | Uploaded April 21, 2025 | 06:11-06:30
“Jerome Powell [said] no one [is] out there enforcing the federal laws to keep American families from getting cheated.”
Interview with Senator Elizabeth Warren on Trump's Policies and Administration Challenges | Uploaded April 21, 2025 | 06:17-35:22
“Only Congress authorized any president to do this in a state of emergency.”
Interview with Senator Elizabeth Warren on Trump's Policies and Administration Challenges | Uploaded April 21, 2025 | 07:08-07:16
“The power resides with Congress to set tariffs.”
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“Donald Trump's form of doing tariffs is the worst possible in terms of driving up costs.”
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“Tariffs are driving up costs for families all across this country and driving up unemployment simultaneously.”
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“Jerome Powell, head of the Fed, has already said [tariffs] will raise prices across the board.”
Interview with Senator Elizabeth Warren on Trump's Policies and Administration Challenges | Uploaded April 21, 2025 | 10:10-10:10
“There's no business in this country or anywhere in the world that can say, okay, now's the time for me to invest $100 million in building…”
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“Part of what has given us a strong economy for literally for centuries has been that we run a pretty honest game here.”
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“There appears to be an uptick in price, meaning more people were trying to buy just shortly before the public announcement.”
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“Inflation seems to be coming down, is down, unemployment is down, that economy is humming and GDP is growing.”
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“Donald Trump has totally turned that [the economy] around.”
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“The President of the United States does not have the power to fire the head of the Fed.”
Interview with Senator Elizabeth Warren on Trump's Policies and Administration Challenges | Uploaded April 21, 2025 | 20:38-20:46
“It will cause the markets to crash.”
Interview with Senator Elizabeth Warren on Trump's Policies and Administration Challenges | Uploaded April 21, 2025 | 21:01-21:04
“Donald Trump indicates when he does this that he doesn't feel bound by law.”
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“We have a constitution that says Congress writes the laws and enacts them.”
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“The administration is supposed to administer those laws, and the courts are supposed to make sure that the administration follows those…”
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“Donald Trump is basically saying to Congress, I'm not going to follow the laws you wrote.”
Interview with Senator Elizabeth Warren on Trump's Policies and Administration Challenges | Uploaded April 21, 2025 | 23:14-23:19
“It's just not this individual. The focus is on this one. But you're exactly right, Katie.”
Interview with Senator Elizabeth Warren on Trump's Policies and Administration Challenges | Uploaded April 21, 2025 | 25:01-25:07
“In the United States, nobody gets disappeared without a chance to get in front of a court. It's called due process of law.”
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“The federal government has already admitted, oh, this was a mistake.”
Interview with Senator Elizabeth Warren on Trump's Policies and Administration Challenges | Uploaded April 21, 2025 | 25:52-25:59
“Elon Musk has been leading the charge on this [cutting Social Security benefits].”
Interview with Senator Elizabeth Warren on Trump's Policies and Administration Challenges | Uploaded April 21, 2025 | 27:08-27:19
“The administration on its own, cannot cut Social Security benefits.”
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“They found a backdoor way to cut benefits.”
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“That over time means a lot of money that people are legally entitled to that they don't get.”
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“Donald Trump and Elon Musk have tried to get rid of [Social Security].”
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“They have tried shutting down Social Security offices so you can't go in for problems.”
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“They were trying to shut down the phones entirely so you couldn't call if you had a problem [with Social Security].”
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“They are trying to fire about allegedly about half of all the people who worked at the Social Security Administration.”
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“He's trying to cut benefits for people who on average make $65 a day.”
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“Back before the 2008 crash, we had all these consumer protection laws, but they were scattered in a bunch of different agencies.”
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“They have made every one of those companies give the money back to the consumer they cheated.”
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“He posts on X cfpb, the initials for the Consumer Financial Protection Bureau. Cfpb, rip with a gravestone emoji.”
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“Elon Musk has X, the social media platform, millions of people on that. He wants to start something called X Money.”
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“Who would be the regulator for his X Money? ... The cfpb.”
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