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Elizabeth Warren: Obama ‘protected Wall Street’ over middle class families

Sen. Elizabeth Warren of Massachusetts says the president's economic team "picked Wall Street" over middle-class families after the 2008 financial crisis.  (AP Photo/Charles Dharapak)
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Democratic Sen. Elizabeth Warren has given a damning review of President Obama’s record fighting Wall Street, accusing him and his economic team of standing behind financial giants at the expense of middle class Americans.

“[The president] picked his economic team and when the going got tough, his economic team picked Wall Street,” she said in an interview published Sunday by Salon. “They protected Wall Street. 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.”

Warren has emerged as a leading voice on the left since she was elected to the Senate in 2012 after defeating GOP incumbent Scott Brown in Massachusetts. She has made progressive issues central to her identity as a lawmaker and is at times mentioned as a potential 2016 presidential candidate, although she has dismissed the idea of a potential bid.

Warren, who partnered with the president to create the Consumer Financial Protection Bureau in 2010, has occasionally clashed with the administration. But even as she criticized the president and his team, the Bay State senator also lauded Obama for paving the way for the Consumer Financial Protection Bureau.

“If Barack Obama had not been president of the United States we would not have a Consumer Financial Protection Bureau. Period. I’m completely convinced of that,” she said. “[H]e was the one who refused to throw the agency under the bus and made sure that his team kept the agency alive and on the table.”