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Elizabeth Warren: “It actually made those fraudsters return the money directly…”

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

Talk Easy Interview with Senator Elizabeth Warren on Constitutional Crisis and Public Education

Published April 20, 2025 | Video Starts at 42:53

And here's the deal. In roughly a dozen years of operation, it has uncovered about $21 billion in fraud. And it didn't just uncover it and say, oh, fraud. It actually made those fraudsters return the money directly to the people who got cheated. Roughly around $18 billion. There we go. That is a big win. Huge win. Huge win. And you know how else it's a win? It shows you actually can make government work. (42:53–43:00)

CLAIM

Asserts that the CFPB ensured fraudsters returned money to the victims.

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

“Half of the people in nursing homes right now are supported by Medicaid and the Republicans in Congress are looking to cut it.”
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“Half the babies in this country get their health care through Medicaid and the Republicans want to cut it.”
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“Right now in America, people have more credit card debt delinquencies than they did right after the 2008 crash.”
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“Consumer confidence has just collapsed in America. It's the lowest numbers ever.”
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“Did you know that Elon Musk makes $8 million a day just off his federal contracts?”
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“In roughly a dozen years of operation, [the CFPB] has uncovered about $21 billion in fraud.”
Talk Easy Interview with Senator Elizabeth Warren on Constitutional Crisis and Public Education | Uploaded April 20, 2025 | 42:43-42:51
“Part of the sin of 2008 was that the bailout was all about the guys at the top and not about the 10 million families that lost their homes.”
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“JP Morgan collected $1.3 billion in overdraft fees from their customers in 2020.”
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“They went out and actually helped 203 million Americans. They kept count of who got helped directly from the work they did.”
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“He [Donald Trump] promised on day one that he was gonna lower costs.”
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“If [Donald Trump] breaks this country, if he breaks sort of our, you know, three parts of government, the legislature rights the laws, the…”
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“They're going after the department, the Department of Education... what they want to do is basically cut so that class sizes get bigger.”
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“Little kids with serious disabilities don't get the aid that they needed so they can be in a classroom along with the other kids.”
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“It means the after school programs are gone.”
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“I've got a thing going now called Save Our Schools, and it's to try to get more people from all around the country to lift up their stories…”
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“We are literally then in full blown constitutional crisis.”
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“We've been inching toward constitutional crisis all along. When you've got a president who just doesn't care what the law is, when he's…”
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“Ultimately, the power is less about Congress and more about 300 million people across this country who are going to have to be in the fight…”
Talk Easy Interview with Senator Elizabeth Warren on Constitutional Crisis and Public Education | Uploaded April 20, 2025 | 06:06-06:24
“The Supreme Court needs to say clearly and with one voice, no, Mr. President, you're the one who has to back down.”
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“You don't get to create chaos through declaring an emergency.”
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“We actually, over here in Congress, not only have the law on our side, we actually have spines.”
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“We got 47 Democrats ready to [stand up and say no to the president].”
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“A handful of Republicans, and everything that's happening right now in Washington changes.”
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“I send out letters to people in the Trump administration.”
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“Got an investigation on Department of Education.”
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“They're trying to fire everybody.”
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“I get an independent investigator to come in and say, can you still meet statutory authorities?”
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“I pull in other Democrats with me, and that's important.”
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“Veterans services and the Republicans want to cut it.”
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“They want to make these cuts in government so that a handful of billionaires can run this country and basically not have to pay any taxes…”
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“He promised over and over and over and over and over is I will lower your costs on day one.”
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“What he [Elon Musk] wants to do is cut access to Social Security for people who make an average of $65 a day.”
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“Now here we are in the third month, and when he's told, you know, the stuff you're doing around tariffs could actually raise people's costs…”
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“More auto loan delinquencies.”
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“They're saying inflation, they anticipate is going to be around 6.4%.”
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“I've got more credit card debt than savings in America right now.”
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“Do you think Donald Trump would be president if Elon Musk hadn't put a third of US billion dollars into his campaign?”
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“Our democracy can't survive if it's just going to be all about big money.”
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“Wall Street [was allowed] to cheat a bunch of families across this country.”
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“They load a lot of risk into our economy.”
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“That's exactly what happened in 2008.”
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“Those families had had one of three things happen to them, and most had had two out of three. They had had terrible medical problems, they…”
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“These were also people who were increasingly tricked and trapped into just crappy financial products.”
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“We basically turned loose a handful of smart money boys off Wall Street to just go out there and like a plague of locusts on American…”
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“Millions of families have either lost their homes or are in the process of losing their homes.”
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“I came to Washington to set up the Consumer Financial Protection Bureau.”
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“Tim Geithner, who then was Secretary of the Treasury... said, we've foamed the Runway enough that the banks will survive.”
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“Government doesn't have to just work for Wall Street banks or billionaires. We can make it work for everybody else.”
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“The Republicans will never confirm you. They actually had sent a letter to the president... if you name that woman, we will never confirm…”
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“We wouldn't have had a consumer agency if it hadn't been for Barack Obama.”
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“Your profits would have been $27.6 billion [in 2020] if you had followed the recommendation of the regulators and waived overdraft fees.”
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“While this scam was going on, you personally held an average of 6.75 million shares of Wells stock.”
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“Our Democratic Party is different now from the one a little over 10 years ago.”
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“The entire electorate embraced deep, fundamental reform of our economic system and our political system.”
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“We got a guy right now who is saying that he's flirting with not obeying lawful court orders.”
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“We are fighting for the things that hardworking middle class families need like health care and Social Security and public education.”
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“Democrats all over this country are holding town halls.”
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“Republicans can't hold town halls.”
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“We are not getting chased off stage and running down hallways and hiding our faces from our constituents.”
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“Do you know they put out something the other day and said they're not going to prosecute white collar crime?”
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“Public education is about creating opportunity for every single child.”
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“Donald Trump and Elon Musk want to take [public education opportunities] back so that they could help finance some tax cuts for a handful of…”
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“I leave this agency, but not this fight. The issues we deal with, middle class that has been squeezed and business models built on tricks…”
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“An honest market will give companies that provide fair value to their customers a chance to flourish free from competition with cheaters.”
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“An honest market will give American families better information, better prices and better products, and a chance to achieve real economic…”
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“Donald Trump is not impervious to people who push back.”
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“Elon Musk can be peeled off from the Trump administration.”
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“They are vulnerable because they are doing shit that people don't like in this country.”
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