WASHINGTON – President Donald Trump criticized 2020 Democratic presidential candidate Sen. Elizabeth Warren (D-Mass.) for her role in creating the Consumer Financial Protection Bureau, adding that Warren has “a lot of pent up anger.”
Trump said the CFPB was hurting community banks and credit unions during the Obama administration but small lenders are “thriving” now, adding that the press won’t give him “any credit” for it so he has to use social media.
“We’ve freed local lenders from the heavy-handed regulations also — you know what was going on there — that were crushing community banks and threatening the housing market. Pocahontas had an agency that was — I mean, she was a disaster,” Trump said at the National Association of REALTORS Legislative Meetings and Trade Expo on Friday.
“She enjoyed destroying these local lenders. I mean, I think she got pleasure out of destroying beautiful local lenders who have been lending to your clients, and probably yourselves for years and they were going out of business and they were living in fear. Pocahontas, that’s another beauty. She’s doing really well so far, isn’t she? Her and her beer commercial,” he added.
Trump referred to Warren drinking a beer in an Instagram video.
“How about the kid? Did you see the way she got the kid? Did anybody see that? Did anybody see where she wanted the child brought in front of her? ‘Fwah!’ Boy, that kid moved quickly. Nah, she’s got a lot of pent up anger. She’s an angry person,” he said. “But you know what? Making it very tough on people that you know. You know exactly what I’m talking about and now we have that running beautifully and they’re loaning, and they’re nice people. You know, they’re nice people again.”
Trump said CFPB regulations cost credit unions “a stunning $6 billion” under the Obama administration, according to some estimates.
“Well, that’s what we’re talking about. That was her baby and she had the man that was in charge of that running in the great state of Ohio,” he said.
Trump said that “small lenders are once again thriving” but the media won’t give him any credit for making changes.
“They’re free to invest in our communities and help more families experience the joy and the pride of homeownership and I’ll never get credit for this. The press doesn’t give me any credit for anything, no matter what I do,” he said. “No, it’s true. Doesn’t matter. Look, who cares? The people know. The people know. That’s why I have to go through a different source. It’s called: Do speeches and go with our social media stuff, which is quite powerful, I must say, but they’re very dishonest.”