Senator Elizabeth “Pocahontas” Warren (D-MA) made a poor decision trying to school Treasury Secretary Scott Bessent earlier this week, and it spectacularly backfired.
On Tuesday, Bessent appeared on Fox Business to explain why financial rules implemented under the Obama regime (Dodd-Frank, for example) were too restrictive and hindered economic growth within the sector.
He then explained the Trump Administration’s plan to deregulate the industry and boost investment.
“These 2008, 2009, 2010 financial rules were too tight. They hamstrung the American financial system,” Bessent said. “It was time for a change.”
“We’re going to be safe, smart, and sound in terms of our deregulation, but we have to take the financial system out of this straitjacket,” he added. “This substantial increase in private credit, which is outside of the regulated banking system, tells me that the regulated system is too constrained and has not been able to compete with those who are not regulated.”
“So we are leveling the playing field, and I believe we can do that in a way that creates trillions of dollars in credit for this very strong economy we are going to see, and it will be non-inflationary.
Bessent: “These 2008, 2009, 2010 financial rules were too tight. They hamstrung the American financial system. It was time for a change. We’re gonna be safe, smart, and sound in terms of our deregulation. But we have to take the financial system out of this straitjacket. This… pic.twitter.com/JPofCceax1
— Aaron Rupar (@atrupar) December 16, 2025
Warren, who is not exactly known for her grasp on economic policy, responded on Wednesday by accusing Team Trump of trying to set up a repeat of the 2008 financial crisis, the worst economic crash since the Great Depression.
“The Trump Administration wants to turn the clock back to 2008 and let Wall Street run wild,” Warren fumed. “We all know how that ended – with taxpayers bailing out Wall Street while millions lost their homes and got fired from their jobs.”
“Trump could be setting the stage for the next crash.”
The Trump Admin wants to turn the clock back to 2008 and let Wall Street run wild.
We all know how that ended – with taxpayers bailing out Wall Street while millions lost their homes and got fired from their jobs.
Donald Trump could be setting the stage for the next crash. https://t.co/mMVfotit1S
— Elizabeth Warren (@SenWarren) December 17, 2025
Bessent fired back at Warren on Friday in brutal fashion by reminding the senator of HER role in the numerous banking failures under the Biden regime. This includes Silicon Valley Bank, which The Gateway Pundit extensively reported on.
“With apologies to Senator Warren, you can’t memory hole three of the largest US bank failures – Silicon Valley Bank, Silvergate Bank, and Signature Bank – which occurred in 2023, all under the Senator’s beloved and ill-conceived regulatory straitjacket as enforced by the Biden Administration,” Bessent wrote.
“Over-regulation is not the solution to what ails the American banking system,” he added. “Rigorous, responsible supervision is.”
“The initial report on the 2023 debacle by former Vice Chairman for Supervision, Michael Barr, was an exercise in obfuscation and sophistry. The American people deserve supervisors who are not asleep at the wheel, and the incoming Chairman of the Federal Reserve should undertake a thorough investigation of the systemic and oversight failures that led to that disaster.”
With apologies to @SenWarren, you can’t memory hole three of the largest US bank failures – Silicon Valley Bank, Silvergate Bank, and Signature Bank – which occurred in 2023, all under the Senator’s beloved and ill-conceived regulatory straitjacket as enforced by the Biden… https://t.co/TRuADT5btn
— Treasury Secretary Scott Bessent (@SecScottBessent) December 19, 2025
The post Treasury Secretary Scott Bessent BODIES Elizabeth “Pocahontas” Warren with a Devastating Reminder After She Claims Trump is Setting the Stage for the Next Economic Crash appeared first on The Gateway Pundit.