Sen. Elizabeth Warren’s (D-MA) great performance at the Senate Banking Committee — where she asked if “too big to fail has become too big for trial” — has gone viral, with nearly 750,000 views. Watch it:
Fox News contributor and right-wing activist Erick Erickson has a truly bizarre response to Warren’s video. In an op-ed titled “If Elizabeth Warren wants to lay blame for the financial mess, she can look in the mirror,” he claims that Warren is an advocate of regulations that caused the financial crisis and that she wants to prevent lawsuits against Wall Street banks:
The rich irony of Elizabeth Warren asking her question to these regulators, whose ranks she would have joined but for a Republican effort to block her nomination prior to her Senate run, is that she is an advocate of increasing the very regulations that contributed to the financial meltdown and that prevent suits against Wall Street banks. After all, Wall Street was just complying with Washington’s orders. [...] If she wants a scalp, she should look in the mirror.
Erickson’s critique is strange given the fact that the financial crisis occurred in 2008, long before Warren became charged with setting of the consumer protection bureau or was elected to the Senate. In the meantime, she has been a long-time advocate of breaking up the banks by calling for a return to Glass-Steagall. She petitioned for this in May of 2012. Erickson, on the other hand, did write about how it would be good to break up the Big Banks — but that was three months after Warren petitioned her supporters to back such an effort.