>> When Biden told his wealthy donors that nothing will fundamentally change under his
watch turns out he was telling the truth.
In fact, some of his senior advisors spoke to Axios on condition of anonymity.
And we learned through Axios' reporting that Biden is considering some pretty big name
bankers to serve in his white house if he, of course, wins the general election.
Keep in mind he needs to win the Democratic primary first.
I know everyone in the media is treating him as if he's already the nominee, but that's
not the case yet.
Well, let me give you the details on what we've learned through Axios.
Biden advisers describe a return to normal plan, a reversal of President Trump's unorthodox
style.
So far so good, I mean sort of.
>> Yeah look, we're all traumatized by Trump and a return to normal does sound wonderful
in some ways.
On the other hand, if you return to the pre-Trump era remind me what that lead to?
>> Not so good.
>> Right, the Trump era that's what it lead to.
So if we go back to how it was before, I'm not sure that story ends well, but wait till
you get a load of some of the folks that might be coming in to the Biden administration,
if it were to wind up that way.
>> So there is a segment of this story that I refer to as Biden's bankers, because many
bankers would serve in his administration.
For instance, now, Mike Bloomberg, maybe you don't wanna consider him a banker, but he
did show up in this report.
Mike Bloomberg, who swiftly endorsed Biden after the former mayor's campaign collapsed
would be a top possibility to head the World Bank.
>> Great.
So a guy, he's not a banker, but he made all this money through the Bloomberg terminals
that service Wall Street.
A massively pro Wall Street, for deregulation of Wall Street, while, by the way, Wall Street
collapses again today.
We'll talk more about that later in the show.
And so the guy who helped Wall Street collapse a couple times would be in charge of the World
Bank.
Wonderful.
>> And I want you to pay close attention to the names because it's not just about the
bankers.
It's about the various people who have endorsed him because this is how endorsements work,
right?
There are favors made, deals made behind the scenes and then someone comes out and endorses
Biden.
It's not because they actually genuinely think that he would be a good president.
It's because they're thinking about what this would mean for their careers.
You have Jamie Dimon, chairman and CEO of JPMorgan Chase, and mentioned over the years
as a potential presidential candidate would also be considered for Treasury.
>> Okay so look, we're in the middle of buttons bankers but in other person consider for tTreasury
is apparently Elizabeth Warren.
No, but wait a minute.
That means you have no philosophy at all.
Elizabeth Warren and Jamie Dimon are diametrically opposed.
Elizabeth Warren thinks of Wall Street should be very heavily regulated, and Jamie Dimon
things Wall Street's God's gift to humanity shouldn't be regulated other than tweaks here
and there.
So what should I have Henry Kissinger or Abby Hoffman as my Secretary of State, I don't
know, I'm thinking about it.
How could you be thinking about both of those guys?
That was a weird old school reference.
Okay, Chris Matthews would enjoy that.
>> It's notable though that Warren still hasn't endorsed Bernie, right?
And so who knows why her name is being floated in this context.
>> I mean, really, Elizabeth Warren's camp, are we really gonna fall for this again?
No, no, we might pick you for VP or we might pick you for Treasury or we might pick one
of the top bankers in the country.
If you're considering one of the top bankers in the country, you ain't gonna pick Warren
for Treasury.
Let's keep it real.
>> Then you have someone associated with Bank of America.
So Anne Finucane, vice chairman of Bank of America, is another possibility for Treasury.
>> Good, cuz I wasn't sure we had enough top bankers as possibilities.
>> And as you mentioned, Cenk, Warren is considered as Treasury secretary.
And the reason why her name was floated, according to Biden's advisors, is because she could
really help to unite the party.
Because there is still this assumption that she has the support and the backing of progressive
voters.
But to be quite honest with you, the response from progressives right now is sheer frustration
over the fact that she is taking as long as she is to endorse Bernie.
Let's just keep it real.
Based on their ideology, or her ideology, she's much more aligned with Bernie as opposed
to Biden, so what's taking so long?
>> Well, and if they wanna unite the party, Elizabeth Warren endorsing Joe Biden doesn't
help at all cuz then that's just saying Elizabeth Warren never meant any of the progressive
things she's said.
She backed the guy who fought against all those progressive things.
So then, she's thrown her lot in with the modern and centrist conservative corporate
side.
Then, in that scenario would remove herself from being a progressive and then say, okay,
now I'm bringing the progresses along.
No, you left the progresses to go join Biden in that scenario, right?
S it's kind of like it doesn't matter they're playing with her.
They're never gonna give her any thing of power.
This is the same exact trick Hillary Clinton did four years ago.
>> That's right.
>> And every time, I'm like, maybe, no maybe, maybe they'll give me something this time.
Okay.
All right, let's see how that turns out.
>> Now I wanna go to possible VP picks, because over the weekend we learned of some pretty
big name endorsements for Biden, including Kamala Harris, Cory Booker, Deval Patrick.
Not so big of an endorsement, but still I mean, we're going into states that are incredibly
important to win.
And so just like last time before Super Tuesday, you have a number of big name candidates who
had dropped out of the race now endorsing Biden.
So for possible VP picks, you have Senator Kamala Harris, Senator Cory Booker, Governor
Deval Patrick, and you also have Stacey Abrams.
These are the names that are being floated around.
>> And Elizabeth Warren, kind of.
No seriously, don't endorse Bernie.
We're still thinking about it.
We're gonna think about it for nine more days and once the important primaries are over
that's the last time you'll hear from us, Senator Warren.
But okay, no, no, no, seriously, don't endorse Bernie, you never know.
Okay, anyway, they're not gonna pick her.
That list is fine, I mean, what do I mean by fine?
Do I agree with the policies of the folks on that list?
Other than Stacey Abrams, not much.
>> To some extent, yeah.
>> To some extent, right, and there's a lot more to find out about Stacey Abrams policies.
But by the way, if she's a VP pick we'll probably won't.
Cuz she'll have to say, Biden's policy are great and we should make sure, what a terrible
thing it was that we did busing?
I don't know, that's Biden's current policy.
That's his current policy.
It's impolite to mention by any of Biden's policies until you get into the general election,
in which case when the Republicans bringing it up cable news we'll talk about a 24/7,
anyway.
So they will probably do that to show up more support within Democratic party and I get
it.
But I wanna go back to the bankers cuz we're not done with them yet.
They're considering Morgan Stanley's executive Tom Knights for Secretary of Commerce or trade
rep or some of the top posts as well.
Because JPMorgan Chase, Bank of America, Bloomberg was not enough.
So they had to put a Morgan Stanley executive in there as well just so you understand who
actually runs this government.
>> Okay, so let's pause for a second because, remember, the way that the Biden camp is labeling
this plan, right, if he becomes elected and he gets to choose this cabinet, is the back
to normal to plan or return to normal plan.
>> Yeah, return to Wall Street.
>> Hold on, what do you mean return?
I mean, I get it.
Trump is unorthodox in his style, he says things that are incredibly stupid, hateful,
divisive.
I totally get that, right?
His style is definitely different.
But what did Trump do as soon as he got elected?
I mean, Steven Mnuchin isn't like some Marxist that was plucked out of a Berkeley program
to serve as Treasury secretary.
No, Steven Mnuchin was a banker, right?
>> Yeah.
>> So there is no return to normal.
We've been stewing in this corrupt political system and the only reason why Donald Trump
is treated differently is because he's transparent about how corrupt he is.
He's transparent about how hateful he is, right?
I mean, his immigration policy is certainly more cruel than previous administrations.
But aside from those things that set him apart, fact of the matter is he's very similar to
previous presidents.
And he's certainly similar to Biden when it comes to Cabinet picks.
>> Yeah, the bankers have been running us there's no return, right?
What if Trump had like three or four Goldman Sachs officials in his cabinet, even though
he ran his campaign against Goldman Sachs No, Trump is part of the elites too.
I mean, are you kidding me?
He's patient zero on corruption, both systemic corruption and personal corruption layered
on top.
So Biden's big theme, I guess, is Trump's personal corruption is terrible, I'm just
going back to the normal systemic corruption that we used to have.
Yay, and everyone on cable news goes nuts.
Standing ovation, yes, all of our friends are back!
>> Let me just say, though, I will give Biden this.
These names do evoke excitement to get young people to the polls, and to really help the
Democrats defeat Donald Trump.
>> But part of what they're saying here is young people, you're not showing up to vote
enough.
So we're gonna go excite older voters by telling them all these old names like John Kerry might
be back.
Back to 2004.
So yes, look, I'm gonna keep it real.
Now, there's a lot of older folks who watch this show too, but more older folks watch
television.
So when you have a 78 year old and they hear John Kerry, they're like, that is exciting.
Joe Scarborough told me John Kerry might be back, okay?
The same John Kerry, by the way, who just a couple of weeks ago was plotting his own
run and betraying Joe Biden cuz he thought Biden was such a loser.
>> Right.
>> Okay.
But anyway.
>> That's how this works, it's amazing.
>> That's right.
Look, but we're fair.
So there are normal people on the list like Sally Yates, who showed courage during the
Trump administration.
She'd be good in any administration and Ted Kaufman is a longtime advisor to Biden and
in his inner circle.
And he actually was briefly senator from Delaware tak over for Biden.
And Ted Kaufman, I think has some real progressive instincts.
And on the other hand, right next to him is Chris Coons, also from Delaware, one of the
most conservative senators for no reason from the East Coast.
As Conservative as any Democrat from Alabama, okay?
So it's 90% Conservative.
There's a couple of folks that are not bad, but it's returned to the bankers.
So, if you like that, you got some elections ahead of you.
But the problem is, if you're watching this show you already know a lot of the facts.
But, if you're watching cable news, you'll never find out any of this, ever, ever.
They'll never tell you all the bankers he's planning to bring back.
And if they mention it under there breath, they'll be like some smart, excellent, credible
people.
Like JPMorgan Chase, Morgan Stanley, Bank of America.
Wonderful, smart, good return to normal people.
What bias, what bias, right?
I defy you to find one person ever on cable news that criticizes packing your cabinet
with bankers.
As the primaries have shown, there is a significant Progressive contingent of the Democratic party
which might win.
And if it turns out we narrowly lose.
It's like saying, you're Progressive, that's cute.
Jamie Dimon is back, CEO of JPMorgan Chase.
Take that Progressive, see how you like that.
But no one on cable news will tell the voters any of that.
They'll walk into the voting booth and unless they watch online media, they'll have no idea
that Joe Biden works for Wall Street.