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WATCH: Ocasio-Cortez Tries To Grill Wells Fargo's CEO. He Destroys Her
DailyWire ^ | March 12, 2019 | Ryan Saavedra @realsaavedra

Posted on 03/13/2019 5:22:03 AM PDT by COBOL2Java


Socialist Rep. Alexandria Ocasio-Cortez (D-NY) tried to grill Wells Fargo CEO Timothy Sloan during a House Financial Services Committee Hearing on Tuesday and ended up getting embarrassed.

The hearing, held by Democrat Chairwoman Maxine Waters, was titled, "Holding Megabanks Accountable: An Examination of Wells Fargo’s Pattern of Consumer Abuses."

The Los Angeles Times reported: "Sloan was the first megabank chief executive whom Waters, an outspoken critic of Wells Fargo, summoned to appear before the House Financial Services Committee since she took over as its chairwoman in January following the midterm elections that gave Democrats control of the House."

Ocasio-Cortez used her time during the hearing to push her political agenda against Immigration and Customs Enforcement (ICE) and against the fossil fuel industry.

"Why was the bank involved in the caging of children and financing the caging of children to begin with?" Ocasio-Cortez asked.

"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 responded.

"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."

It only got worse from there.

"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 asked.

"I don't know how'd you calculate that, Congresswoman," Sloan responded.

"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.

(Excerpt) Read more at dailywire.com ...


TOPICS: Business/Economy; Cheese, Moose, Sister; Chit/Chat
KEYWORDS: anotheraocthread; aoc; berniesanders; california; dnctalkingpoint; dnctalkingpoints; globalwarminghoax; greennewdeal; losangeles; madmaxine; maxinewaters; newyork; ocasiocortez; rentfree; rentfreeonfr; sloan; timothysloan; vermont; wellsfargo
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To: COBOL2Java

AOC is like the college freshman who comes home for Thanksgiving and wows the extended family sitting at the table with all of the wisdom she has obtained over the last two months.


41 posted on 03/13/2019 6:13:20 AM PDT by artichokegrower
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To: relictele

That is one of the best analogies ever.
We should make use of that.


42 posted on 03/13/2019 6:14:58 AM PDT by Mr. K (No consequence of repealing Obamacare is worse than Obamacare itself.)
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To: McGavin999

Touchy feely professors giving her good grades for telling them what they want to hear. Not much fact based or critical thinking her whole 4(?) years.

Were I running a company after seeing her in action I would seriously think twice about hiring any BU grads.


43 posted on 03/13/2019 6:16:23 AM PDT by Hillarys Gate Cult
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To: Mr. K

AOC doing her utmost best to make stumps look brilliant.


44 posted on 03/13/2019 6:18:51 AM PDT by JayAr36 (Organized Crime is now in charge of the District of Corruption)
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To: Hillarys Gate Cult

Were I running a company after seeing her in action I would seriously think twice about hiring any BU grads.


unless you are a BU graduate...........................


45 posted on 03/13/2019 6:23:23 AM PDT by PeterPrinciple (Thinking Caps are no longer being issued but there must be a warehouse full of them somewhere.)
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To: Starboard

You are correct. They will control it all. It is madness.


46 posted on 03/13/2019 6:23:24 AM PDT by Sequoyah101 (It feels like we have exchanged our dreams for survival. We just hava few days that don't suck.)
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To: COBOL2Java

I LOVE HER..!

Funny, attractive, makes great facial expressions...

STUPID AS HELL...! And not because we disagree on everything important, no. People use the word stupid too widely.

I love her because fortunately she’s not just liberal, but TOO liberal:

Specifically she’s too liberal for older lib voters to take seriously, and the young people who do take her seriously generally don’t vote.

The cameras love her and the MSM will find it impossible to ignore her.

She’s Trump, but extremely stupid and much younger.

She’s PERFECT.

My dream ticket: Biden/Cortez, arrogant bully molester and dancing cute idiot


47 posted on 03/13/2019 6:24:38 AM PDT by gaijin
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To: COBOL2Java

I imagine her old bar colleagues have a drinking game around her.........whenever she flaps her jaws they drink. They must stay permanently hammered.....
.


48 posted on 03/13/2019 6:28:47 AM PDT by leaning conservative (snow coming, school cancelled, yayyyyyyyyy!!!!!!!!!!!)
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To: ctdonath2

Yeah, especially since she actually was a DAPL protester, they left an environmental disaster for North Dakota to clean up. Even human waste. Hypocrite!


49 posted on 03/13/2019 6:29:10 AM PDT by dynoman (Objectivity is the essence of intelligence. - Marilyn vos Savant)
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To: gaijin

She wears Stupid like it’s a Badge of Honor.


50 posted on 03/13/2019 6:30:12 AM PDT by AppyPappy (How many fingers am I holding up, Winston?)
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To: Sequoyah101

It is madness.

*************

We haven’t yet seen palpable economic fear set in but it will. Just a matter of time. When the credit and stock markets sense the coming chaos look out below.

With our rapidly growing $22 trillion national what could go wrong? Will will soon be “living in interesting times” as the Chinese say.


51 posted on 03/13/2019 6:32:52 AM PDT by Starboard
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To: COBOL2Java

This is where paid actresses don’t make got representatives. You can only coach her so much. Her handlers let her down too. It’s absurd to try and ask questions that require a deep understanding of multiple organizations, especially if the questions are inflammatory - you’re going to get owned.

That said, it won’t stop them continuing...


52 posted on 03/13/2019 6:33:49 AM PDT by fuzzylogic (welfare state = sharing of poor moral choices among everybody)
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To: AppyPappy

She wears Stupid like it’s a Badge of Honor.

***************

An adoring media defends her. They are actually proud of her stupidity.


53 posted on 03/13/2019 6:34:25 AM PDT by Starboard
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To: gaijin

” My dream ticket: Biden/Cortez “
Biden would have a field day getting ‘handsy’ with her.


54 posted on 03/13/2019 6:35:58 AM PDT by ArtDodger
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To: McGavin999

The old fashioned way. Her daddy bought it.


55 posted on 03/13/2019 6:38:41 AM PDT by Free in Texas (Celebrate diversity. Own firearms of every caliber.)
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To: COBOL2Java
Wells Fargo dude should have brought this up. Scroll down for why....

Texas migrant charity boss steps down amid questions over finances

56 posted on 03/13/2019 6:40:42 AM PDT by mewzilla (Break out the mustard seeds.)
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To: gaijin

Oh, yeah, I want her reelected again and again until she’s a toothless old hag. What a gift!


57 posted on 03/13/2019 6:42:17 AM PDT by Hootowl
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To: COBOL2Java
"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 asked.
"I don't know how'd you calculate that, Congresswoman," Sloan responded.

Very dumb response, IMO. It basically says, "if you can come up with a figure, we might pay it."

Why isn't his response: "We are not responsible for what customers do with the money they borrow! We are only responsible to our investors for making sure that it gets paid back."

58 posted on 03/13/2019 6:46:24 AM PDT by Teacher317 (We have now sunk to a depth at which restatement of the obvious is the first duty of intelligent men)
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To: Teacher317

I don’t think it was a dumb response. There is literally no way to calculate such a thing that would hold up in court.


59 posted on 03/13/2019 6:50:23 AM PDT by SamAdams76
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To: COBOL2Java

Did you ever think the US would live out the movie FOR REAL...?

60 posted on 03/13/2019 6:50:33 AM PDT by gaijin
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