Massachusetts Sen. Elizabeth Warren unleashed harsh criticism against President Barack Obama for allegedly protecting Wall Street after the 2008 economic meltdown.

According to the outspoken Democrat, the Obama administration chose to stand behind Wall Street and big banks rather than American families.

"[The president] picked his economic team and when the going got tough, his economic team picked Wall Street," said Warren in an interview published Sunday by Salon. "They protected Wall Street. Not families who were losing their homes. Not people who lost their jobs. Not young people who were struggling to get an education. And it happened over and over and over."

Warren, who has emerged as a highly acclaimed leader in progressives politics, did, however, commend the president for creating the Consumer Financial Protection Bureau. The two worked together to create the bureau in 2010.

"If Barack Obama had not been president of the United States we would not have a Consumer Financial Protection Bureau. Period. I'm completely convinced of that," said the former Harvard law professor. "[H]e was the one who refused to throw the agency under the bus and made sure that his team kept the agency alive and on the table," added Warren, a leading critic of Wall Street and financial giants.

Sen. Warren is the not only leader in the Democrat Party to publicly bash Obama for his policies.

Last week, former President Jimmy Carter criticized the president's policies in the Middle East and his handling of the growing threat of the Islamic State.

In an interview with the Fort Worth, Texas Star-Telegram, Carter said the Obama administration waited too long to respond to the notorious terrorist group known as the Islamic State in Iraq and Syria (ISIS).

"We let the Islamic state build up its money, capability and strength and weapons while it was still in Syria," said the Democratic ex-president. "Then when [ISIS] moved into Iraq, the Sunni Muslims didn't object to their being there and about a third of the territory in Iraq was abandoned."

The 39th U.S. president also cast doubt over President Barack Obama's promise not to defeat ISIS through the use of airstrikes without sending U.S. troops on the ground in Iraq.

"If we keep on working in Iraq and have some ground troops to follow up when we do our bombing, there is a possibility of success," he said.

In the past, Carter has also objected to Obama's use of drone strikes and surveillance programs. In addition, he stated last year that the implementation of Obama's signature health overhaul law was questionable.