Elizabeth Warren once accused Hillary Clinton of being in the pocket of big credit card companies.
Before insisting that she would not be running for president in 2016, Sen. Elizabeth Warren was viewed as a major threat among Democrats to Hillary Clinton’s White House aspirations — many in the party viewed her backing down as a quasi-crowning of the former secretary of state as the eventual nominee.
Though she has not formally endorsed Clinton, Warren has given her pledge to end corruption on Wall Street plenty of vocal support.
But Warren didn’t always view Clinton as a champion for financial reform.
In a recently uncovered video, taken from a 2004 broadcast of PBS’ “Now with Bill Moyer,” Warren said, “the industry that gave the most money to Washington over the past few years was not the oil industry, not the oil industry; it was consumer credit products. Those are the people. The credit card companies.”
While Warren initially praised Clinton for helping to defeat bankruptcy legislation while her husband was president, the Massachusetts senator then lamented how much Hillary’s time in the Senate had changed her.
Hillary “has taken money from those groups,” Warren said, referring to credit card companies, “but more importantly, she views them as a constituency… This is the scary part about democracy today. We’re talking again about the impact of money.”