Sen. Elizabeth WarrenElizabeth WarrenWarren calls on big banks to follow Capital One in ditching overdraft fees Crypto firm top executives to testify before Congress Massachusetts Gov. Charlie Baker won't seek reelection MORE (D-Mass.) on Tuesday said Donald TrumpDonald TrumpBaldwin calls Trump criticism following 'Rust' shooting 'surreal' Haley hits the stump in South Carolina Mary Trump files to dismiss Trump's lawsuit over NYT tax story MORE eagerly sought profits from the 2008 housing market crash.
“Donald Trump was drooling over the idea of a housing meltdown — because it meant he could buy up a bunch more property on the cheap,” she said, according to The Washington Post.
“What kind of a man does that?” Warren asked at the Center for Popular Democracy's annual gala in Washington, D.C., on Tuesday night. "Root for people to get thrown out on the street? Root for people to lose their jobs? Root for people to lose their pensions?”
Warren also criticized Trump’s position on Dodd-Frank financial regulations, adding that the billionaire does not understand their importance.
“Donald Trump is worried about helping poor little Wall Street?” she asked. "Let me find the world’s smallest violin to play a sad, sad song."
“Can Donald Trump even name three things that Dodd-Frank does?” Warren asked of the GOP’s presumptive presidential nominee. "Seriously, someone should ask him.”
Warren’s remarks follow Democratic presidential front-runner Hillary ClintonHillary Diane Rodham ClintonRepublican Ohio Senate candidate slams JD Vance over previous Trump comments Budowsky: Why GOP donors flock to Manchin and Sinema Countering the ongoing Republican delusion MORE attacking Trump over the 2008 housing bust earlier Tuesday.
“He actually said he was hoping for the crash that caused hard-working families in California and across America to lose their jobs,” she said during a campaign rally outside Los Angeles. "All because he thought he could take advantage of it to make some money for himself.”
Reports emerged late last week that Trump expressed his desire for a market crash two years before the housing bubble burst in 2008.
“I sort of hope that happens because then people like me would go in and buy,” he said in a 2006 audiobook for Trump University. "If there is a bubble burst, as they call it, you know, you could make a lot of money. At the same time, I don’t think that will happen.”
Trump on Tuesday said he had merely optimized a poor economic situation to benefit his real estate business.
“I am a businessman and I have made a lot of money in down markets, in some cases as much as I’ve made when markets are good,” he said in a statement.
“Frankly, this is the kind of thinking our country needs — understanding how to get a good result out of a very bad and sad situation. Politicians have no idea how to do this — they don’t have a clue."