Speed Reads

The Daily Showdown

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

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."

Look, by all measures, "Wall Street is already living large while so much of America is still struggling," Noah said. "And castrating the Consumer Financial Protection Bureau will only make it worse. This is one of those times when I wish that there was a political hero, someone who would stand up and say, 'I'm not going to let Wall Street get away with murder!'" He played that clip, and if you think it was Bernie Sanders or Elizabeth Warren, well, watch below. Peter Weber