WARREN IS STANDING BY WITH CHRIS HAYES IN OHIO.
>> HEY THERE, GUYS.
SENATOR WARREN, GOOD TO HAVE YOU
HERE.
HERE. >> GOOD TO BE HERE.
>> THERE’S AN EXCHANGE TOWARD
THE END OF THAT DEBATE WITH
FORMER VICE PRESIDENT JOE BIDEN
ABOUT THE CFPB WHICH YOU WERE
WORKING ON.
WORKING ON. HE SAID SOMETHING TO THE EFFECT
OF I WENT TO THE SENATE AND GOT
YOU THOSE VOTES.
>> UH-HUH.
>> UH-HUH. >> HOW DO YOU REMEMBER HIS ROLE
IN THE CFPB?
>> SO IF THAT’S WHAT VICE
PRESIDENT BIDEN SAYS I TAKE HIM
AT HIS WORD ON THAT.
YOU KNOW, THE CONSUMER FINANCIAL
PROTECTION BUREAU WAS AN IDEA
THAT A LOT OF PEOPLE SAID DON’T
EVEN TRY BECAUSE YOU WILL NEVER
GET IT PAST THE BANKS, YOU’LL
NEVER GET IT PAST THE
REPUBLICANS.
REPUBLICANS. THERE WILL BE A LOT OF DEMOCRATS
WHO WILL FIGHT YOU ON THIS.
BUT I REALLY BELIEVED AFTER THE
CRASH THIS WAS OUR CHANCE TO GET
AN AGENCY THAT WOULD MAKE SURE
THAT PEOPLE DIDN’T GET CHEATED
BY THESE GIANT FINANCIAL
INSTITUTIONS.
INSTITUTIONS. AND PARTICULARLY BECAUSE THE
PEOPLE WHO ARE OFTEN TARGETED
WERE SENIORS.
WERE SENIORS. THEY WERE PEOPLE OF COLOR.
THEY WERE OUR MILITARY.
AND THE AGENCY HAS BEEN ABLE TO
CONTINUE TO RESPOND AND PUSH
BACK.
BACK. AND IT’S ALREADY FORCED THESE
BANKS TO RETURN ABOUT $12
BILLION DIRECTLY TO PEOPLE THEY
TREATED.
TREATED. >> THE ONE OF THE SORT OF
RECURRING THEMES TONIGHT AND
EXCHANGES WITH OTHER PEOPLE IS A
FEELING, AND I THINK SENATOR
KLOBUCHAR SAID THIS, THAT IN
TALKING ABOUT KIND OF NEED FOR
STRUCTURAL CHANGE, NOT RAISING
BIG MONEY WITH BIG DOLLAR
DONORS, THAT YOU’RE
FUNDAMENTALLY KIND OF IMPUGNING
EITHER THE MOTIVES OR THE VISION
OF THE OTHER CANDIDATES.
RIGHT?
RIGHT? THEY WANT TO SAY LOOK, WE AGREE
ON THE PROBLEMS, WE DISAGREE ON
THE SOLUTIONS, IT DOESN’T MEAN
I’M SOME SORT OF SELLOUT.
WHAT DO YOU SAY TO THAT?
>> I THINK IT’S THE CASE THAT
NEARLY EVERYBODY ON THAT STAGE
HAS SAID THEY WON’T TAKE
CORPORATE PAC MONEY.
WHICH TELLS ME THAT EVERYBODY ON
THAT STAGE KNOWS THAT IT MATTERS
WHERE YOUR MONEY COMES FROM.
I MADE THE DECISION WHEN I
DECIDED TO RUN FOR PRESIDENT
THAT I WAS GOING TO RUN A
DIFFERENT KIND OF CAMPAIGN.
>> WAIT A SECOND, THOUGH.
AS SENATOR YOU DIDN’T MAKE THAT
DECISION.
DECISION. AND YOU RAISED A LOT OF MONEY
AND YOU HAD A LOT OF CASH ON
HAND, WHICH PEOPLE POINT OUT,
THAT HELPED YOU AS YOU MOVED
OVER INTO THE PRESIDENTIAL.
AND PEOPLE SAY LOOK, YOU WERE
FINE TO TAKE THE BIG DOLLAR
DONATIONS THEN AND HAVE THE CASH
ON HAND AND DISCOVER THIS NEW
POSITION WHILE RUNNING FOR
PRESIDENT.
PRESIDENT. >> ACTUALLY, IT’S A LITTLE
DIFFERENT THAN THAT.
I RAISED $20 MILLION IN SMALL
DOLLAR DONATIONS WHEN I WAS UP
FOR RE-ELECTION IN 2018, AND I
GAVE AWAY OR DIRECTLY RAISED $11
MILLION FOR DEMOCRATS ALL AROUND
THIS COUNTRY BECAUSE I REALLY
WANT TO SUPPORT THE TEAM.
I WANT TO SEE US WIN, NOT JUST
AT THE TOP OF THE TICKET BUT UP
AND DOWN THE TICKET.
AND YEAH.
AND YEAH. I HAD ENOUGH MONEY LEFT OVER
THAT I PUT MONEY INTO ANY
CAMPAIGN.
CAMPAIGN. BUT LOOK, EVERYBODY KNOWS I MADE
THE DECISION WHEN I DECIDED TO
RUN THAT I WAS GOING TO RUN A
DIFFERENT KIND OF CAMPAIGN.
I WAS NOT GOING TO SPEND MY TIME
SUCKING UP TO CORPORATE
EXECUTIVES AND TO BIG DOLLAR
DONORS.
DONORS. INSTEAD I’VE BEEN TO 27 STATES
AND PUERTO RICO AND I HAVE DONE
I THINK IT’S 140 TOWN HALLS NOW
AND TAKEN TENS OF THOUSANDS OF
SELFIES BECAUSE THAT’S WHAT YOU
CAN DO IF YOU’RE SPENDING YOUR
TIME BUILDING A GRASSROOTS
MOVEMENT.
MOVEMENT. >> THE ARGUMENT ON THE OTHER
SIDE, AND I THINK VICE PRESIDENT
BIDEN SAYS THIS AND MAYOR PETE
TO A CERTAIN EXTENT, IS THAT YOU
WILL BE OUTGUNNED.
RIGHT?
RIGHT? AND YOU CAME ON MY SHOW WHEN YOU
MADE THIS ANNOUNCEMENT.
I ASKED YOU ON THAT PROGRAM, ARE
YOU GOING TO DO THIS FOR THE
GENERAL?
GENERAL? AND YOU SAID SOMETHING TO THE
DPEK
DPEK EFFECT OF YOU’VE JUST GOT TO
FIGHT WITH EVERY POSSIBLE THING
YOU CAN GET AND SO YES, I WILL
RAISE HIGH DOLLAR DONORS, I WILL
DO, YOU KNOW, FUND-RAISERS.
YOU’VE CHANGED YOUR MIND ON
THAT.
THAT. >> SO LOOK, THE WAY I SEE THIS,
I’M GOING TO KEEP RUNNING MY
CAMPAIGN EXACTLY THE WAY I’VE
RUN IT FROM THE VERY BEGINNING.
AND THAT IS I’M GOING TO DO IT
THROUGH GRASSROOTS DONATIONS ALL
ACROSS THIS COUNTRY.
I’M ALSO GOING TO CONTINUE TO
HELP THE PARTY.
I’VE HELPED THE PARTY IN THE
PAST BECAUSE I THINK IT’S
POWERFULLY IMPORTANT THAT WE
ELECT DEMOCRATS.
ELECT DEMOCRATS. I BELIEVE IN THE STATE PARTIES.
AND I WANT TO SEE THE STATE
PARTIES REBUILT.
PARTIES REBUILT. NOT JUST FIVE OR TEN OF THEM.
I MADE CONTRIBUTIONS TO ALL 50
STATE PARTIES WHEN I WAS UP FOR
RE-ELECTION.
RE-ELECTION. BECAUSE I WANTED TO HELP EVERY
SINGLE ONE OF THEM.
I THINK THAT’S HOW WE’RE GOING
TO BUILD A GRASSROOTS MOVEMENT.
AND HERE’S THE DEAL.
NOT ONLY IS IT GOING TO BE OUR
COMPARATIVE ADVANTAGE COME 12020
BUT IT IS ACTUALLY STILL GOING
TO BE THERE COME JANUARY OF 2021
AND WE NEED THAT OUTSIDE
PRESSURE TO HOLD CONGRESS
ACCOUNTABLE AND TO MAKE REAL
CHANGE.
CHANGE. >> SO I WANT TO GO BACK TO AN
EXCHANGE THAT YOU’RE GOING TO
GET ASKED A LOT ABOUT AND I’M
SURE YOU’VE ALREADY TALKED
ABOUT.
ABOUT. GOING BACK TO THIS EXCHANGE
ABOUT TAXES AND COSTS.
OKAY?
OKAY? I GET THAT YOU DID NOT RECOGNIZE
SOME MET APHYSICAL DISTINCTION
BETWEEN THE PART OF YOUR
PAYCHECK THAT COMES OUT FOR THE
PREMIUM AND THE PART THAT COMES
OUT FOR PAYROLL TAXES.
DOESN’T MATTER.
DOESN’T MATTER. STILL COMING OUT OF THE
PAYCHECK.
PAYCHECK. COSTS ARE WHAT MATTERS.
THAT SAID, ANYTIME I WATCH A
POLITICIAN SAY THE SAME THING
FOUR TIMES IN A ROW I FEEL LIKE
SOME BALL IS BEING HIDDEN FROM
ME.
ME. RIGHT?
RIGHT? LIKE DO YOU UNDERSTAND -- LIKE
IS THE IDEA THAT YOU DON’T WANT
TO GIVE A LINE FOR AN ATTACK AD?
>> NO.
>> NO. THE IDEA IS THIS IS WHERE I
SPENT A BIG PART OF MY LIFE, AND
IT’S STUDYING, TALKING ABOUT
DOING THE RESEARCH ON WHY
MIDDLE-CLASS FAMILIES GO BROKE.
AND ONE OF THE PRINCIPAL ANSWERS
IS THEY GO BROKE OVER MEDICAL
COSTS.
COSTS. AND BACK WHEN I WAS STUDYING
THIS, TWO OUT OF EVERY THREE
FAMILIES THAT FILED FOR
BANKRUPTCY IN THE AFTERMATH OF A
SERIOUS MEDICAL PROBLEM HAD
HEALTH INSURANCE.
HEALTH INSURANCE. WHAT WORRIES ME ARE PEOPLE LIKE
THE WOMAN I MET OUT IN NEVADA A
COUPLE OF WEEKS AGO.
SHE DESCRIBED IT AS SHE HAD THE
GOLD-PLATED PREMIER HEALTH
INSURANCE.
INSURANCE. FABULOUS.
FABULOUS. RIGHT UP UNTIL THE TREATMENT SHE
NEEDED TO SAVE HER LIFE WAS
GOING TO COST $125,000.
YOU KNOW WHAT HER INSURANCE
COMPANY SAID?
COMPANY SAID? NO.
NO. >> WASN’T ONE OF THE PROMISES OF
THE AFFORDABLE CARE ACT THAT
THAT PRACTICE WOULD STOP?
>> BUT IT HASN’T.
IT IS THE WORK OF THE INSURANCE
COMPANIES TO FIND EVERY WAY THEY
CAN TO GO AROUND IT.
AND THAT’S WHAT THEY HAVE DONE.
SO I MEET FAMILY AFTER FAMILY
THAT THOUGHT THEY HAD FULL
INSURANCE COVERAGE RIGHT UP
UNTIL THEY TURNED OUT NOT TO BE
PROFITABLE FOR THE INSURANCE
COMPANY.
COMPANY. YOU KNOW, THE INSURANCE
COMPANIES LAST YEAR MADE TENS OF
BILLIONS OF DOLLARS IN PROFIT.
AND YOU HAVE TO STOP AND ASK,
HOW DID THEY DO THAT?
AND THE ANSWER WAS ONE WORD.
THAT THEY USED OVER AND OVER.
THAT WORD WAS NO.
NO.
NO. TO THE DOCTOR YOU ACTUALLY WANT
TO SEE.
TO SEE. NO TO THE SPECIALIST.
NO TO THAT PRESCRIPTION.
OH, SORRY, YOUR DEDUCTIBLE IS
HIGHER THAN YOU THOUGHT IT WAS,
SO NO, WE’RE NOT GOING TO COVER
THIS.
THIS. THE CO-PAY IS TOO HIGH.
FAMILIES ARE STILL GOING BROKE