message on boosters and thanksgiving gatherings. and senator elizabeth warren on the big money interests trying to stop a biden bank regulator as the ghost of joseph mccarthy returns to the senate. >> i don't mean any disrespect. i don't know whether to call you professor or comrade. >> senator, i'm not a communist. >> when "all in" starts right now. >> good evening from new york. i'm chris hayes. you know, congressional censures of colleagues are rare. it makes sense. if you think about it. look, members of congress don't want to set that precedent, potentially open themselves up to censure of their own. they're not generally in the business of policing each other's behavior. kind of a live and let live approach. that said, censures who happen. not very often, but from time to time. when conduct by a member of congress is so egregious it requires formal condemnation. now, before last night, this was the most recent censure. it was more than a decade ago. >> a dramatic moment in washington tonight. you don't see this often, even over the course of a lifetime. the censure of a member of the house of representatives. >> will the gentleman from new york, mr. wrangle, kindly appear in the well? >> democrat charles wrangle tonight standing in the well of the house, accepting the punishment as read by speaker pelosi. >> that's part of the ritual of censure. you have to go out there and face the music. that was from december of 2010, when the legendary house democrat, charlie wrangle, a guy i brew up with, who represented his harlem district was censured by the house for a number of misdeeds, including improper financial disclosures and the failure to pay taxes on a vacation home. now, those ethical breaches, they were real, they were worthy of condemnation, to my mind. but i have to say, going back and looking at this story, and they feel almost kind of quaint, frankly, in the post-trump era. another thing to note about that, you heard it in the clip. congressman rangle, a democrat, was censured by speaker nancy pelosi and a democratic congress. he was condemned overwhelmingly by both parties. 333 members of congress supported that resolution, including 170 democrats. only 79 voted against it. the dmentds were clearly sending a message, we're not going to tolerate ethical shortcuts of our own, even if the person who did it is a legend. that's what the last censure looked like. congress setting aside partisan point scoring to call out bad behav behavier in its ranks. that's not the process anymore. fast forward 11 years. you have arizona congressman paul gosar. gosar is someone who, he tweeted essentially a thinly veiled threat supporting the january 6th mob on the day of january 6th. she poke at a conference sponsored, put on by a white nationalist who at the conference said something about how, you know, if america loses its white identity, it's over. okay. and then last week, gosar posted an amime video that depicts him killing his colleague, congresswoman alexandria ocasio-cortez, and attacking president joe biden. for that, he was censured yesterday. the vote was much narrower than with congressman rangle in 2020. the vote was 223-207. only two republicans voted to rebuke his conduct. and in fact, the top house republican, kevin mccarthy, defended him. now, congressman mccarthy, he is not the most impressive legislator i have ever seen. he's not the most razor sharp intellect, but he does know what he's doing. he knows he has a very good chance of becoming speaker of the house in a year. and he looks around his conference, the people he's going to need the votes from. he understands republicans like kevin mccarthy are not the future of the party. paul gosar, marjorie taylor greene, matt gaetz, lauren boebert, the troll caucus, the most exuberantly antisocial members, they are where the party is headed. and quite frankly, mccarthy is scared of their influence. after all, marjorie taylor greene says she doesn't think mccarthy is a shoo-in for the speaker's gavel. she said donald trump's endorsement will make the final difference. mark meadows, who used to be a member of congress, is currently essentially evading a duly ordered congressional subpoena, he's out there plugging trump for the position of speaker himself. >> i would love to see the gavel go from nancy pelosi to donald trump, you talk about melting down. people would go crazy. as you know, you don't have to be an elected member of congress to be the speaker. wouldn't you see, she would go from tearing up a speech to having to give the gavel to donald trump. oh, she would go crazy. >> now, at least that's honest about your vision of government for the country. now, there odds of donald trump, a man who has zero interest in governance in the house are quite low, but a crescendo will build for it, 100%. the sentiment is out there. kevin mccarthy understands it, which is why he's rewarding the worst behavior of his caucus. he's patting paul gosar on the back, and not only pledging to restore them to the committee seats they were stripped from for their behavior, but to give them promotions. >> you plan to give marjorie taylor greene and paul gosar their committee assignments back if you take the majority? >> they'll have committees. committee assignment they have now, they may have other committee assignments. they may have better committee assignments. >> that's an ata boy for gosar from leadership after he posted a video of murdering his colleague. and keep in mind, there are dozens of people auditioning right now to be the next and most extreme house republican. things don't stop, right? media matters for america has found nearly 50 2022 congressional candidates who have embraced qanon. if you think this freshman class is bad, oh, man, just wait. yes, not all these candidates are gauche to win, but some probably will, or some other person with these fringe extreme beliefs will, this animus towards the legitimacy of democratic governance. next year is likely, we don't know the future, as we have learned from the pandemic, but it's likely to be quite favorable to republicans. on the one hand, that's just the result of political gravity. congress often swings from the party in power in the midterm elics. also, republicans are trying to game the system to take back power and hold it permanently because of their tight grip over state legislatures, they're able to control the redistricting process in a number of key states, which means they can essentially gerrymander their way into a congressional majority before voters even have to weigh in. look at a state like north carolina. leans republican, sure, but registered democrats and republicans run about equal. for reference, donald trump won it with 49.9% of the vote last year. that's a pretty close, 1.3%. if republicans get their way, the new congressional map will likely give them ten of its 14 seats to republicans. their process of approving similar maps in ohio and texas and georgia, which they famously lost badly in the last election, or surprisingly, at least. they're redrawing a new congressional majority, again, before voters get a say, and they're redrawing the majority with their state reps who themselves are results of gerrymander, and that majority when and if it comes about will be the troll caucus on steroids. it's not going to be handful of fringe figures saying outlandish things. they will be the center of gravity, a real legitimate knving force in american politics with an actual say over how government functions. those are the stakes here for our democracy. a year out from these elections. kevin mccarthy is letting us know which side he's on. i'm joined by oleave yeah beve yeah beavers. her latest is called gop can't escape -- and joan freeman, who we mentioned yesterday on the program. olivia, let me start with you. it was so striking to go back to that rangle vote, because when this happened yesterday, i thought, oh, this doesn't happen often. when's the last time? and there you have this beloved elder statesman who really did, you know, engage in ethical ethics transgressions, and this painful vote, this big bipartisan showing to, you know, say that was bad, what you did, charlie rangle, and you have paul gosar doing this thing that i would imagine most people find indefensible, but mccarthy rallying the caucus to deliver basically a party line endorsement. olivia. >> oh, yeah. sorry. i thought we were playing a clip. it's definitely been very interesting watching this. with rangle, you saw that he on the house floor offered contrition. but paul gosar, after he was censured, after he was stripped of his committees, he went back and posted the video and then he removed it again, and he's been posting similar media again that is around what got him censured. what got him stripped of his committees. the irony is he was apologizing only to his own colleagues. he's not apologizing to alexandria ocasio-cortez. not apologizing to president biden. and the one thing that i will say i would watch, because you saw it happen with marjorie taylor greene is after she got stripped of his committees, she made a ton of money in fund-raising. so they get this name in the news and then it's a self-perpetuating cycle of they then also get bigger platforms. >> now, professor freeman, your book is an incredible book. i had you on my podcast, why is this happening, to talk about it. it's about congress and threats of violence that sort of hung over the entire body, particularly in the run-up to the civil war. given that as this academic work you have done, what do you see -- what do you think when you see this gosar video, when you see people saying it's a joke, just a video, yada yada yada. does that scan to you? >> no. i mean, essentially, it's easy to dismiss that and say, well, it's not a real act of violence. that it's, you know, only a video. but looking back to the 1850s, what you see is threats like that don't have to be violent to have an impact. so at the same time that that kind of an anime video appeals to the base, appeals to the folks who are applauding it on, it's also meant to be intimidating to the people on the other side. it makes a statement. in the same way that the kind of behavior we see at school board meetings makes a statement, and the goal is to be threatening, to encourage people to not step up, to encourage people, as some have, to resign from school boards. so no, it isn't a joke. it's a threat. and it's meant to be a threat. i mean, i said on twitter yesterday, if you were at a job and someone who didn't like you at that job sent out, tweeted out a video of that person killing you, and then said it was a joke, it's not a joke. >> and of course, we now have the entire incentive structure rallying around gosar. trump, not surprisingly. paul gosar is not in a competitive district and not in a competitive race. and who would primary him? he is the full manifestation of what i think primary voters want. but trump, nonetheless, coming in to say he's, you know, been loyal. he's a loyal supporter of the america first agenda and giving a complete endorsement, after the censure. good job, we love you paul, keep it up. and that's the message here today on this day of this story. >> well, ironic, right, because while you have paul gosar and his colleagues and donald trump rallying around behind him, not all of them, by the way. i will say some have come up and said that video was horrific. they just didn't agree with the vote to strip him of his committees. but the irony is that you have congressman john katko on the other side being completely berated by these freedom caucus members over his votes to impeach and his votes for infrastructure. so while they are rallying basically in deciding not to punish gosar, they are punishing this particular member over these votes where he's working with the biden administration, and he has decided to police his own. that's sort of an irony you're seeing, katko versus gosar at the same moment. >> you talk about violence, i can't help when i saw trump's endorsement, i remember him joking about former montana congressman greg gianforte, who is now the governor of the state, who several years ago just straight up assaulted and body tackled a reporter for asking a question about a cbo score. and that guy is now the governor. and no one ever faced any consequences for that. he pled out to something and went about his business. and trump joked about it, because trump likes to joke about violence, professor freeman. that's a consistent theme, and jokes about violence are another way of creating the conditions for people to accept it as a legitimate means of pursuing one's aims. >> precisely. it's a means of normalizing it, it's a means of getting people accustomed to it so that actually you are sort of waiting for things to get more extreme so that it will register on the public consciousness. so yeah, there's a lot about that behavior. and in that case, there was an actual assault, but a lot of this behavior is setting a tone. it's laying a groundwork that is blatantly anti-democratic. right? if you're democratic, you sort of assume that democratic processes lead to the people giving power to people choosing the people who lead them, and if you don't like what happens, then you can either protest in a civil matter or you have another election. what we're seeing, this kind of behavior, is what people do who are in a minority and know they're in a minority and are afraid of the demographics and they're using violence to gain ground. >> olivia and joan, whose book, field of blook, is really fantastic. thank you both. vermont's grez has been fighting over the cost of biden's build back better bill. it's a lot of bs, but there's another bill that costs twice as much every year. it passed the house with little fuss, it's now making its way through the senate against the strenuous objections of one particular senator who says this country needs to get its priorities straight. >> people dying because they don't have any health care. kids unable to get the early childhood education they need. not a problem. can't afford to pay for those things. but somehow, when it comes to the defense budget and the needs of the military industrial complex, we just cannot give them enough money. >> he's right. he's right. senator bernie sanders joins me next. plop plop fizz fizz. alka seltzer plus cold relief. dissolves quickly. instantly ready to start working. so you can bounce back fast with alka-seltzer plus. now available for fast sinus relief. >> man: what's my safelite story? 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[doorbell rings] lifesaver! you're weird, man. to each his own. build back better plan is a huge climate and social investment, an estimated price tag of around $1.75 trillion. crucially over ten years. so doing the math quick in my head, about $135 billion a year. the congressional budget office, a nonpartisan office that calculates how much proposed legislation will actually cost as well as other macro economic models just estimated the house's version of the plan will add just under $160 billion to the federal deficit over the ten-year window. again, i know that's a lot of numbers but that's $16 billion a year. speaker nancy pelosi announced the house will vote on the bill tonight, the debate is currently under way. it doesn't really matter when they vote, it doesn't really matter how the cbo scored the house version because all that matters in the end is what senate democrats can agree to or more specifically, what senators joe manchin and kyrsten sinema will agree to. but it is worth noting that late last night, the senate also in the course of their work, advanced its annual defense policy, costing more than $700 billion per year. twice the cost of the proposed $350 billion annual cost of the original very big and ambishing proposal for build back better. more than four times the cost of the current pared down version. and who is threatening to hold up the whole process on that bill for costing too much, who is refusing to go along until every penny can be accounted for? at least one senator is, bernie sanders of vermont is the chair of the senate budget committee, and he joins me now. senator, you know, look, i have been covering politics in washington for 15 years, thereabouts, and it's always been the case. there's money for domestic programs which is real money that has to be accounted for. where you have to get cbo scores, has to be paid for, and then there's money for defense, particularly for war funding. it just doesn't count. it's in a different category. however much, trillions, trillions, trillion here, trillion there. it must be maddening at this point to watch everyone poring through the cbo score while the defense thing just sails through. >> i'm going to be on the floor of the senate in a bit, and chris, you stole my speech. that's exactly the point i'm going to be making. the hypocrisy is extraordinary. when we want to improve lives for our children, for the elderly, we want to make health care universal and affordable, want to deal with climate, oh, my god. bernie, don't you understand, we have a terrible national debt and deficit. but when it comes to military spending, really, military industrial complex in a bipartisan way always gets what they want. and what we're talking about now is a budget that is $35 billion more than president trump's budget, $25 billion more than what president biden requested. and you're giving it, chris, to an agency, department of defense, which is the only major federal agency that has never been successfully audited to account for what it does with its money. and everybody knows there are massive cost overruns, enormous amounts of fraud from defense contractors. but that's okay. not a problem. >> you know, you just said, so it's $25 billion more than the budgetary request of the white house. that's one year. and again, i know i'm throwing a lot of numbers at people, but this is part of what's so maddening about the situation, the one-year versus the ten-year scoring. in the ten-year scoring, that's $250 billion. i have been tracking all these negotiations about build back better. that would be a huge chunk, just that, just the little bit over above what the white house asked for, times ten would buy you clearance room for a whole new program in build back better. >> what you're talking about, and i hope people understand, when we talk about $1.75 trillion, for build back better, that's over a ten-year period. when you talk about $778 billion for the military, it is one year. multiply that by ten. and probably you'll end up with close to $10 trillion over a ten-year period. >> i was laughing the other day because "the new york times" did a piece. it was a perfectly good piece about all the different things that are in build back better. the framing was a little weird to my mind, but one of the things that mentioned is i think in build back better, there's like $25 million for doulas who are practitioners who help women give birth. and there's lots of empirical evidence to suggest that it really helps with child birth and postpartum recovery. >> it saves money, by the way. >> saves money. $25 million, which was written up in, oh, here's the hidden spending in the bill. 2.5% of a single stealth bomber, a single one. >> look, this is what the debate is about. what we are trying to do in this legislation is break through this myth of the need for austerity and to make it clear that our working families, our children, our senior citizens, are entitled to certain rights which, by the way, exist in countries all over the world. there's this great controversy, you know, about paid family and medical leave. can we afford it? you know, chris, we are the only major country on earth that doesn't have it. there are women who give birth today who have to go back to work a week from now. child care system is dysfunctional. elderly people walking the streets with no teeth in their mouths, not to mention the needs of climate. but when it comes to working families, oh, my god. we can't afford it. when it comes to tax space for military spending, no problem. >> yes, and just on that note, i want to remind people, back in 2017, around this time, when the big corporate tax cut was being pushed through, the cbo estimate had it estimating, adding $1.7 trillion to the deficit. enormous amount to the deficit. it turned out that was an underestimate. it now looks like it's closer to $2.5. the cbo didn't even get it right there. it's turned out to be more expensive than initial projections. >> and that's what it is. i mean, what we are fighting for now is not only the programs, whether it's child care or pre-k or climate change, what we are fighting for is to a consciousness, which says, you know what, in america, we can do what other major countries do. that when people get sick, they can have affordable prescription drugs. that if you're old and disabled, you can have somebody come to your home and help you rather than be forced to go into a nursing home. that you can get hearing aids or eyeglasses or dental care when you are a senior citizen. so it is a change of consciousness to say, you know what, we can spend money not just on the military and tax breaks for the rich but on the needs of working families. >> we're going city what's in the final package, of course, the house might be voting tonight. the hearing aid stuff is in the house package. a limit on insulin is in the house package. there's actually something folks have been trying to do for a long time. i think that's live footage right now in the well of the house floor. senator bernie sanders, thank you very much for coming by. >> thank you. take care. >> big news from the fda that could go a long way toward ending confusion about booster shots. dr. anthony fauci is here to talk about that and more, next. with relapsing forms of ms... there's a lot to deal with. not just unpredictable relapses. all these other things too. it can all add up. kesimpta is a once-monthly at-home injection... that may help you put these rms challenges in their place. kesimpta was proven superior at reducing the rate of relapses, active lesions, and slowing disability progression vs aubagio. don't take kesimpta if you have hepatitis b, and tell your doctor if you have had it, as it could come back. kesimpta can cause serious side effects, including infections. while no cases of pml were reported in rms clinical trials, it could happen. tell your doctor if you had or plan to have vaccines, or if you are or plan to become pregnant. kesimpta may cause a decrease in some types of antibodies. the most common side effects are upper respiratory tract infection, headache, and injection reactions. ready for an at-home treatment with dramatic results? it's time to ask your doctor about kesimpta. my auntie called me. ready for an at-home treatment with dramatic results? she said uncle's had a heart attack. i needed him to be here. your heart isn't just yours. protect it with bayer aspirin. be sure to talk to your doctor before you begin an aspirin regimen. earn about covid-19, the more questions we have. the biggest question now, what's next? what will covid bring in six months, a year? if you're feeling anxious about the future, you're not alone. calhope offers free covid-19 emotional support. call 833-317-4673, or live chat at calhope.org today. tomorrow, the food and drug administration is expected to authorize pfizer and moderna boosters for all adults. we just got that brand-new reporting within the past hour from politico. if it is true, that is news we have been eagerly awaiting because the science is conclusive at this point, at least as conclusive as things get in these circumstances. boosters work. a large study released by pfizer showed a booster dose of vaccine was over 95% effective against the coronavirus. including the infectious delta variant. this big move comes after 13 states and several localities like here in new york city, for instance, have bypassed federal regulations and expanded booster shot eligibility to all adults. that's in response to an increase in coronavirus cases and rising hospitalizations among vaccinated people. i'm joined by one of the top health officials in the country who has been strongly advocating for booster shots. dr. anthony fauci, also chief medical adviser to president joe biden. good to have you. we have had you before on this issue. can feel like the messaging has gotten pretty muddled and needlessly complex, and it's because there was a bureaucratic fight about boosters. and ultimately, the pro-booster side, represented by yourself, won, but with a lot of caveats when the actual thing should just be, if you got it more than six months ago, go get a booster. am i right? >> you're correct, and that's what i have told you in previous interviews. and that i have been very vocal about. i have been convinced about that data for some time right now, and as you said very correctly, chris, there's vaccine efficacy wanes over several months. it's still a very, very effective vaccine, but as we have seen from studies in israel, most recently from the uk, when you boost an individual with a third shot who has had an mrna boost, that you dramatically increase the protection against infection, against hospitalization, and in the israeli study, even against death. there's no doubt about it, the data are very clear. what i like about what will likely happen tomorrow is that there's no more ambiguity. no more people are going to try to figure out what category do i fit in or not. if you're 18 or older and you have been primarily vaccinated, go get boosted. particularly now, as we're entering into the winter season, the weather will be colder, people will be indoors. there's circulating virus around. we're seeing an uptick in some of the cases now. we had about an 18% increase in cases over the last week or so. we have got to blunt that. the best way to blunt it is to get unvaccinated people vaccinated in the first place and get vaccinated people boostered as soon as you can. >> you just mentioned expectations for tomorrow. do you personally -- is that news correct? is that what you're expecting tomorrow? >> i never get ahead of the fda. i make them make their decisions, but you know exactly how i feel, chris. i have been saying this for some time. i think we should do it. i hope they do. if they don't, i will be terribly disappointed. >> in terms of people gathering and the sort of colder weather, which is coming, and we're seeing cases go up. i keep telling everyone i know this, like, prepare yourself. there will be cases going up this winter. if people are going to get together for gatherings like thanksgiving, how should they be thinking about it? my instinct is, you know, everyone should be vaccinated, and you should get boosted if you can. and maybe test the day of. how do you think about it? >> well, the situation is, and let's just take a scenario. you have a family setting. you're vaccinated. your family members are vaccinated. and even if the children who are yet too young to get vaccinated, go have an enjoyable thanksgiving in your home. you don't need to wear a mask. the situation is that when you are outside in indoor congregant settings where you do not know the vaccine status of people, then you should be wearing a mask. if you're in a situation where everybody is vaccinated, then you really don't need to wear a mask. if you're at home, that's the situation. that's the reason why the cdc says when you're in congregant settings and you have no idea who's around you, there's no requirement for vaccination, that's when you need to wear a mask. if you know people are vaccinated, you don't need to wear a mask. >> that's been basically my m.o. on the subway i wear it, but not in social gatherings. not in places where i know there's vaccine checks. this is a big new mask wearing. there's been a lot of back and forth on masks. a big new mask wearing study out in the british medical journal saying it's the single most effective medical measure against coronavirus, cutting incidents by 53%. that's according to a new study. it does seem like masks in indoor settings and booster shots are two things where the picture has gotten clearer and clearer and clearer, and it's pretty crystal clear now. >> exactly, chris. i'm so glad you put it that way. and anybody who starts saying you shouldn't be wearing a mask because we don't know if masks work, that's been put to bed. masks work. period. and there are many studies that now show that. just like the recent study that has come out from the british study, just literally today it came out. >> fine elquestion for you on this health question. my understanding is a lot of the dissent about boosters was sort of this global equity thing. americans will get three shots where 3 or 4 billion people in the global south never had one. i sort of thought about that myself. i haven't gotten boosted. i'm going to go tomorrow. part of the reason i was thinking, is this wrong? am i doing something wrong, am i taking a shot away from a person who hasn't had a shot yet? i have come to thing, that shot is not going to someone in the global south if i don't get boosted. but there is an equity question that hangs over all of this, isn't there? >> there is and equity is a profoundly important subject, but let me tell you what we're doing. you can do both. you can optimally protect people with a booster shot at the same time as you provide equity to the extent you possibly can for the developing world. i don't think there's anybody that has been more vocal about this from the days of antivirals in africa. i believe we have a moral responsibility to make doses available to low and middle income countries. so what is the united states doing? we have already given 300 million doses to 100 countries. we have either given or pledged 1.1 billion doses to low and middle income countries. we have given $4 billion to covax, and for every dose we give to somebody in the united states, we give three doses to people worldwide, and most recently, that's it, i mean, we're doing it. you can do both. >> dr. anthony fauci, always good to have you. thank you, sir. >> good to be with you. >> up next, absolutely appalling behavior towards one of joe biden's nominees. >> i don't mean any disrespect, i don't know whether to call you professor or comrade. >> senator, i am not a communist. >> senator elizabeth warren just destroyed that line of attack. she joins me live ahead. you're never responsible for unauthorized purchases on your discover card. when you hear, cough cough sneeze sneeze. 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[beep] i just wanted to say... ♪ find yourself in these situations and see who you are. and that's just part of the bargain. ♪ >> are you ready to start a great career? and that's just part >> safelite is now hiring. >> you will love your job. >> there's room to grow... >> ...and lots of opportunities. >> so, what are you waiting for? >> apply now... >> ...and make a difference. >> singers: ♪ safelite repair, safelite replace. ♪ >> man, i love that song! feeling sluggish or weighed down? it could be a sign that your digestive system isn't working at it's best taking metamucil everyday can help. metamucil psyllium fiber, gels to trap and remove the waste that weighs you down. it also helps lower cholesterol and slows sugar absorption to promote healthy blood sugar levels. so you can feel lighter and more energetic metamucil. support your daily digestive health. and try metamucil fiber thins. a great tasting and easy way to start your day. today on capitol hill, the senate banking committee held a confirmation hearing for a relatively obscure but important regulatory position. it's part of the treasury department, regulates assets held by 1,000 banks worth almost $15 trillion. joe biden's nominee for this role, cornell professor sully amarova, who served in george w. bush's treasury department, has been the subject of intense resistance from the banking interests who would be regulating. she's also been subject of one of the all-time dumbest, most craven fox news propaganda wars i have seen in a while, which is really saying something. let me give you a taste of what that sounded like on the hill today. >> you used to be a member of a group called the young communists. didn't you? >> senator, are you referring to my membership in the youth communist organization while i was growing up in the soviet union? >> i just wanted to ask you that question. >> well, senator, i -- >> there was a group called young communists, and you were a member. is that right? >> i am not exactly sure which group you're referring to. >> what's going on there? well, republican senator john kennedy of louisiana has clearly been watching his fox news. and again, this is all cover for finance interests. it's not some grassroots conservative moment. no one in the grassroots knows about this professor or cares about this work or this regulatory position. this is what republicans do. this is modern conservative operating at its highest level of cooperation where the finance interests whip up the mob via fox news propaganda like that. the way they have decided to do that is to attack the professor for being a communist. and the origin of that attack is that she was, ding ding ding, born and raised in the communist soviet union as you just heard her say. see, she came to the united states as a university student, has become a u.s. citizen since. growing up, she attended communist schools in that communist country, and wrote papers in that rudition. she was in fact a member of the young communists as she was mandated to be, which was, as she told senator kennedy, a required part of her education. >> have you resigned? >> from the youth -- >> from the young communists. >> you grow out of it with age. automatically. >> did you send them a letter resigning? >> senator, this was many, many years ago. as far as i remember how the soviet union worked was at certain age, you automatically stop being a member. >> could you look at your records and see if you can find a copy? >> maybe she should write a letter now to a country that no longer exists. the real subtext here is this is a formidable intellectual with an incredible vision of financial regulation. she's had very little chance to speak for herself and tell her story until today when she defended herself from the senator's attack. >> i don't mean any disrespect. i don't know whether to call you professor or comrade. >> senator, i'm not a communist. i do not subscribe to that ideology. i could not choose where i was born. i did not -- i do not remember joining any facebook group that subscribes to that ideology. i would never knowingly join any such group. there is no record of me ever actually participating in any marxist or communist discussions of any kind. my family suffered under the communist regime. i grew up without knowing half of my family. my grandmother herself escaped death twice under the stalin regime. this is what is seared in my mind. that's who i am. i remember that history. i came to this country. i'm proud to be an american. and this is why i'm here today, senator. i'm here today because i'm ready for public service. >> after senator kennedy was done with that absolutely embarrassing and clownish display, senator elizabeth warren came in to set kennedy straight. i'm going to play that for you and talk with elizabeth warren right after this. don't go anywhere. most. now subaru is the largest automotive donor to make-a-wish and meals on wheels. and the largest corporate donor to the aspca and national park foundation. get a new subaru during the share the love event and subaru will donate two hundred and fifty dollars to charity. kevin! kevin? 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>> absolutely not. >> if the occ did have that power, is that something you would support? >> absolutely not. >> and are you a capitalist who believes in free markets? >> yes, i am. >> and senator elizabeth warren, democrat of massachusetts, joins me now. i got to say, i have watched a lot of absurd stuff on capitol hill. that was one of the most cringe-inducing and embarrassing performances i've seen in a long time. did you feel that way? >> oh, to be in the room with it was just unbelievable. but here's the thing. it is so cynical. if professor omarova had actually been somebody who had been out there saying and writing, man, we need to help the big financial institutions and whatever jpmorgan chase wants is what i'm for and we should deregulate and just let them run the entire country, you realize that those same republicans would be hailing her as someone who grew up under the suppresssive regime and then overcame it and came to america and fulfilled her dream, her dream to help giant financial institutions. but since that's not what she wants to do, since she has actually got a pretty good record of having written about the abuses in the financial system, talking about the crash in 2008 and how it was brought on by loading up on risks and regulators who were feckless, as a result these giant banks are, like, we don't want that woman. no, no, no. and so they look for a way to push back against her. can't do it on the merits, so they go after her for having been born under the soviet union's regime. she was born in kazakhstan, loses half her family to the stalinists. literally her family -- much of her family was murdered by them. she wants to come to the united states. she comes to the united states. she studies at an american collect while she's here, the soviet union collapses and she gets to stay and build a life here. she is a well-respected academic, not someone who sought the limelight. she has just worked through how she believes banking regulation should be run for the american people, not for the big banks, and that's how she ends up in this crazy joe mccarthy meets trumpism in the senate banking hearing. >> as you know, i mean, to your point here, i mean, this is cover essentially for interests that don't want to be regulated. rebecca tracer wrote a profile of her. noting this, in the early aughts, the occ became in courts for making itself so attractive to big banks, the banks like jpmorgan eagerly took federal charters over state ones. because there's all these different entities that regulate banks, there can be a race to the bottom. >> oh, yeah, totally. >> this is a really important -- the occ regulates banks and she would be the head of that regulation, is that how this would work? >> that's the basic deal here. understand we have had recent occ -- it's called controller of the currency. we had recent people in this position who refer to the banks, these giant banks, as the customers of the occ, and how urging the staff to be better on customer service -- excuse me, they are supposed to be the government that is supposed to regulate these big financial institutions, to make sure that they follow the law and don't cheat their customers. wells fargo, for example, and also to make sure they don't load up on risk and crash our whole economy again. that's the function of the occ. and that's the role that she will take, watching out for american consumers, making sure we get real competition in the banking industry, and making sure that these guys poll the law, and for that they have attacked her viciously, mercilessly, and personally and stupidly. >> she's an impressive person. on my podcast "why is this happening," i interviewed her for an hour about how to think about the federal reserve and its role in investment in the politicize economy. she's a really interesting thinker. she's not like at all a po let me cyst in any way she worked in george w. bush's treasury department. final question for you because i have you right now. the house is debating the build back better bill. the last time i had you on, it was sort of when this framework was developed. you seemed very optimistic. it looks like this is going to pass the house tonight. how are you feeling about it now? >> i'm feeling good. i think it's going to pass the house tonight. it's going to going to go through what we call a scrub after that and the parliamentarian has to run through the details to make sure it's right. but i would say right after thanksgiving we're going to have this in the senate. oh, i'm hopeful we're going to get this done. universal child care, universal pre-k, we're going to be able to lower the cost of insulin for everybody in the country who takes insulin instead of hundreds of dollars a month, it's going to be in the $20 or $30 that people pay. this is going to make a real difference and we're going to get my minimum tax through, the one i have with senator king, and we're going to get it through, the one that says giant corporations, amazon, pay nothing in taxes even when they're reporting billions in profits. 15% minimum tax. it's going to raise $300 billion. >> that is in the bbb being voted on tonight. senator elizabeth warren, thank you very much. "the rachel maddow show" starts right now. good evening, rachel. >> good evening, chris. thank you so much, my friend. thanks to you at home for joining us this hour. it is called the port of new castle. it's the largest coal port in the whole world. it's in australia. about $20 billion worth of coal gets shipped through that one port every year. that's more than any other place on earth. and yesterday all operations at the port of newcastl

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