Trevor Noah compares Trump's promised war on Wall Street with his actual war on consumers

Trevor Noah on the "boss war" at the CFPB
(Image credit: Screenshot/YouTube/The Daily Show)

Right now, White House budget director Mick Mulvaney is the victor in the "boss fight" at the Consumer Financial Protection Bureau, after winning the first round of a legal fight with rival CFPB acting director Leandra English, Trevor Noah said on Wednesday's Daily Show. President Trump appointed Mulvaney to the job despite — or more likely because — Mulvaney says the CFBP, which has refunded billions of dollars to consumers from shady financial institutions, is too hard on banks, among more pointed criticism.

"They took money from banks and gave it back to the people?" Noah asked in mock outrage. "That's not how money works. Everyone knows it's: money goes into the banks, and then things happen, and then yachts." Still, "according to the Trump administration, the real victims are the banks themselves," he added, showcasing their argument, then laughing at it. "Financial institutions devastated? Trampling on capitalism? Have you seen capitalism lately? If you scroll through capitalism's Instagram feed, life is looking pretty good."

Subscribe to The Week

Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.

SUBSCRIBE & SAVE
https://cdn.mos.cms.futurecdn.net/flexiimages/jacafc5zvs1692883516.jpg

Sign up for The Week's Free Newsletters

From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.

From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.

Sign up
To continue reading this article...
Continue reading this article and get limited website access each month.
Get unlimited website access, exclusive newsletters plus much more.
Cancel or pause at any time.
Already a subscriber to The Week?
Not sure which email you used for your subscription? Contact us
Peter Weber, The Week US

Peter has worked as a news and culture writer and editor at The Week since the site's launch in 2008. He covers politics, world affairs, religion and cultural currents. His journalism career began as a copy editor at a financial newswire and has included editorial positions at The New York Times Magazine, Facts on File, and Oregon State University.