Sen. Elizabeth Warren says scammers "better get ready for some investigations, serious ones"

[0:00] go now to massachusetts democrat elizabeth warren the expected incoming senate banking committee [0:05] chair and she joins us from cambridge good morning to you senator good morning so you have written [0:13] an outline here an op-ed about what it's going to look like with democrats in the majority you said [0:20] democrats won by being populist economic fighters who are unafraid to call out corrupt politicians [0:26] and corporate interests who have rigged the system at the expense of everyone else that has echoes of [0:33] president trump's populist economic message not what he said there of course but certainly what [0:39] he has said to voters again and again what specific policies do you think you can work with him on [0:47] look president trump himself said that he wants to reduce interest rates on credit cards to 10 [0:53] i got the bill i'm ready to go president trump says he wants to do more on housing [0:58] we're ready we have the bills ready to go and besides that we've got a whole bunch more that [1:04] the american people have told us that they want on price gouging on protecting our rural hospitals [1:11] on making sure that people have access to health care we have a lot of work lined out that we can do in [1:18] fact one of the best parts of this election was how many democrats stood up and didn't just say [1:26] i'm for the middle class they said here i understand what is broken here are my specific plans to fix it [1:35] and i am committed to doing that so you end up with this situation where in michigan and texas [1:43] you've got but the candidates saying the same thing break up big medicine you end up with a situation [1:49] where in kansas and in south carolina you've got the democratic candidates saying we love that road [1:57] to housing bill but we want to go bolder bigger more housing uh situation where in north carolina [2:04] and alaska we've got candidates saying hey we need to break up the grocery monopolies and stop price [2:12] gouging uh iowa and maine where where the senate candidates there said we're going to shore up [2:19] social security and make billionaires pay their fair share and you know margaret those may sound [2:25] like lots of different pieces yes they're not they're all about economic power and people have [2:32] told us that's what they want and we've got the team to deliver now well i mean i don't have to tell [2:37] you it's different to campaign than it is to actually legislate but uh president trump has said [2:42] he does want to work with democrats on a few things here immigration tax quats or cuts or quote maybe [2:49] certain things having to do with taxes to make it more convenient a lot of economic development [2:54] initiatives does that track with your expectations of how this white house will be able to work with [3:00] you run by stephen miller and of course president trump look let's let's be clear the american [3:08] people are the ones who've really set the agenda here they're the ones who have told us what they [3:14] wanted they didn't just tell democrats they delivered a message to the republicans pretty loud and clear [3:20] and i just follow through on what happened in the just this last summer we put together a bipartisan [3:28] housing bill that is going to expand the supply of housing and help bring down the cost of housing [3:35] and for the first time ever in american history going to ban private equity donald trump didn't [3:41] even sign the damn thing and yet it is now law we got a lot of ways to deliver for the american [3:48] people whether donald trump wants to be part of it or not because you got a veto proof majority on that [3:52] particular bill that's going to be perhaps more challenging you have said you want to bring big tech [3:57] ceos wall street executives and giant corporations who may have broken the law to face consequences [4:04] to be clear is your focus going to be legislation or is it going to be investigation look we have to do [4:12] both uh but i do want to be clear if you've been making your profits by cheating american families and [4:19] scamming your investors you better get ready for some investigations serious ones who do you have in [4:26] mind there when you say that anyone who's been cheating that's what investigations are all about [4:33] okay so you don't have a list of people you plan to subpoena yet you even though you're going to be [4:39] in this chair we i it is important that we go through the steps for investigation because look [4:46] the american people are just damn sick of this they are sick of a white house that wouldn't enforce [4:54] the laws even when they got cheated they are sick of a white house that dropped investigations that [5:01] said oh if you make a nice contribution to donald trump's ballroom then there won't be any enforcement [5:09] of the law when you've cheated millions of american customers well that has to end under and we saw that [5:16] in the polling a concern about corruption senator chris coons who is slated to take over senate foreign [5:22] relations in the new congress has said he wants questions answered about it appears to be nvidia [5:27] the chip maker and its ceo jensen huang the new york times uh says he may have had a close relationship [5:33] with a spy from china um is there anything you can tell us about that is ai going to be a focus for you [5:40] and specifically this tech this chip maker well on the chip maker specifically you know this is an issue [5:48] where we have actually substantial bipartisan support in the banking committee we've got we've got [5:55] republicans and democrats i'm on bipartisan bills in order to um to put more restraints on the ability to [6:04] export our chips to china yeah in fact we have worked on a bipartisan basis to try to stop donald trump [6:11] from encouraging nvidia permitting nvidia to send these chips to china and now [6:17] we're seeing some of the consequences of that so we've got a lot of places where work needs to be [6:25] done and a lot of different avenues to do it but the central part is going to be lowering costs for [6:31] families and rooting out the corruption it's it's not a long agenda well one of the things democrats [6:37] promised was to end the war with iran there are a few more weeks left in this republican majority you sit [6:41] on the armed services committee um there are senators like senators bennett and senator mark [6:47] kelly who have said something to the effect of democrats should cut off funding for white house [6:52] operations in order to president pressure president trump to end the war there are people in the house [6:57] making noise like that i mean what does this look like are we looking at cutting off all government [7:02] funding are we looking at a government shutdown in the next few weeks look the pressure is building to [7:09] end this war people have told us they want us to stop the war a war that is illegal that is halfway [7:17] around the world that to this day the trump administration can't explain what their goals [7:23] are and what their exit ramp looks like they want us to stop it they want us not to spend money over [7:30] there they want to be able to buy gasoline and heating oil fuel because they want this economy to work again [7:38] the way i think of this is the wind is at our backs to end this war we've got a lot of different [7:46] tools on the table to get this done leverage you mean this is a democracy and yes and the american [7:52] people have spoken and it is time to listen to the american people democrats are ready to fight for [7:59] that and we invite the republicans to join us we will watch for what that looks like [8:04] senator elizabeth warren thank you for joining us today