Sen. Elizabeth Warren (D-MA) didn’t take a comment by JPMorgan Chase CEO Jamie Dimon sitting down.
On Wednesday Dimon said that he didn’t know if Warren “fully understands the global banking system.” Not quite, Warren responded.
“The problem is not that I don’t understand the global banking system. The problem for these guys is that I fully understand the system and I understand how they make their money,” Warren said in response in an interview with The Huffington Post reported on Friday. “And that’s what they don’t like about me.”
Warren has found herself in the crosshairs of the banking industry thanks to her work helping to craft the Consumer Financial Protection Bureau (CFPB) and railing against the amount of influence Wall Street has in the halls of Congress.
In December, for example, Warren gave a searing speech bashing CitiGroup’s connections to Congress and attacking a provision that rolled back parts of the Dodd-Frank financial reform law.
“You know, there is a lot of talk lately about how Dodd-Frank isn’t perfect. There is a lot of talk coming from CitiGroup about how Dodd-Frank isn’t perfect,” Warren said in that speech. “So let me say this to anyone listening at Citi —I agree with you. Dodd-Frank isn’t perfect. It should have broken you into pieces.”
