By: Terresa Monroe-Hamilton | NoisyRoom.net
I could spend every hour of every day just writing on the idiocy of Democratic Socialist Rep. Alexandria Ocasio-Cortez (D-NY)… more often referred to as ‘Occasional Cortex‘ for good reason. I’m stunned every single time I listen to her blather.
She tried to grill Wells Fargo CEO Timothy Sloan during a House Financial Services Committee hearing on Tuesday and made an utter fool of herself… again.
You will be shocked to know the hearing was held by moonbat supreme, Democrat Chairwoman Maxine Waters, and was entitled: “Holding Megabanks Accountable: An Examination of Wells Fargo’s Pattern of Consumer Abuses.” What a farce and an exellent example of abuse of power.
Ocasio-Cortez couldn’t wait to lay into Sloan and thought he would be easy prey for the likes of her political prowess. Not so much. She pushed her political agenda against Immigration and Customs Enforcement (ICE) and against the fossil fuel industry. It did not end well for the freshman congresswoman.
“Why was the bank involved in the caging of children and financing the caging of children to begin with?” Ocasio-Cortez demanded.
“I don’t know how to answer that question because we weren’t,” Sloan responded.
“Uh, so in finan–, you’ve, you were financing, involved in debt financing in CoreCivic and GEO group, correct?” Ocasio-Cortez sputtered.
“For a period of time, we were involved in financing one of the firms, we are not anymore,” Sloan responded. “I’m not familiar with the specific assertion you are making, we were not involved in that.”
“OK, so these companies run private detention facilities run by ICE, which is involved in caging children, but I’ll move on,” Ocasio-Cortez conceded.
The gist here is that she accused Wells Fargo of being “involved” in family separations at the border because of the bank’s prior financing of groups that run private prisons. Which is just incredibly dumb and not true.
The back and forth got much worse after that for Occasional Cortex.
“Should Wells Fargo be held responsible for the damages incurred by Climate Change due to the financing of fossil fuels and these projects?” Ocasio-Cortez again put forth.
“I don’t know how’d you calculate that congresswoman,” Sloan responded. Neither does anyone else especially Ocasio-Cortez.
“Say from spills, or when we have to reinvest in infrastructure building sea walls from the erosion of, um, from the erosion of infrastructure or cleanups, wildfires, etc…,” Ocasio-Cortez said.
“Related to that pipeline?” Sloan replied. “I’m not aware that there’s been any of what you’ve described that’s occurred that’s related to that pipeline.”
Ocasio-Cortez proceeded to talk over Sloan as he finished answering her question: “How about, uh, the cleans up from the leaks of the Dakota Access pipeline?”
“I’m not aware of the leaks associated with the Dakota Access pipeline that you’re describing,” Sloan responded.
“So, hypothetically, if there was a leak from the Dakota Access pipeline, why shouldn’t Wells Fargo pay for the clean up of it since it paid for the construction of the pipeline itself?”
“Because we don’t operate the pipeline, we provide financing to the company that’s operating the pipeline,” Sloan answered. Ouch. I doubt that Ocasio-Cortez can grasp that logical fact much less debate it.
Why does anyone listen to this Marxist miscreant? There are small rodents with higher IQs out there than Ocasio-Cortez. Just sayin’. If you are going to debate a CEO of a major bank, one who has worked his whole life to climb up the corporate food chain, you might want to come prepared and have a clue concerning what you are talking about.