Posted on 03/14/2019 4:28:09 AM PDT by RoosterRedux
Rep. Alexandria Ocasio-Cortez (D-NY), a self-declared proponent of “democratic socialism,” took pride Tuesday in questioning Wells Fargo CEO Timothy Sloan about the bank’s role in financing private projects that she considers objectionable, such as oil pipelines and prisons.
She also demanded to know why the bank should not be held financially liable for the impacts of oil spills — and even the effects of climate change.
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One way to interpret these exchanges is to understand them as “red meat” for the “Resistance.” The far-left relishes confrontations with bank executives.
For example, a hard-core group stalks JPMorgan Chase CEO Jamie Dimon everywhere he goes, “scaling Park Avenue flagpoles, blocking Seattle traffic with tepees, bursting into conferences, and blasting audio of crying children outside his apartment,” Bloomberg notes.
Another way to look at Ocasio-Cortez’s line of questioning is to conclude she knows absolutely nothing about economics, despite boasting a degree in it.
It makes as much sense to punish Wells Fargo for a pipeline leak as it does to punish the Security Service Federal Credit Union, the country’s biggest automotive lender, for fender-benders. If we treated banks that way, all lending would stop, and Americans would be instantly poor.
She also knows nothing about climate change — a fact that was made clear last month when she released the “Green New Deal,” amidst predictions that the world would end within twelve years.
Even assuming, for argument’s sake, that climate change is happening and humans are causing it, it is impossible to quantify the costs (or benefits!) with any certainty, much less assign those costs to the banks that lend to energy projects.
Ocasio-Cortez believes Wells Fargo can be held responsible for all of society’s ills because she believes that capitalism itself is inherently destructive.
(Excerpt) Read more at breitbart.com ...
The same spirit—”...that is now at work in the sons of disobedience” Eph. 2:2—is behind them all. We are in a dangerous state, on edge of falling into these evil people’s hands.
Obviously this woman would nationalize banks and oil companies if she were president.
Either Rush or Hannity made the comment yesterday that AOC has put Wells-Fargo on notice that they will be held responsible for actions by the recipients of the loans they make by the Democrat/Socialist party once they have power. i.e. Don’t you dare provide loans to oil companies or anyone else we see as being nasty, evil, corrupt.....
We’ve already seen that in credit card companies ceasing to provide service to gun dealers. That is the real ‘take away’ from her seemingly inane questions.
And to think...there are still some who believe there is no such thing as a stupid question.
Is there any real evidence AOC actually graduated from Boston College or is her resume as phony as Obama’s? You would think that with a legitimate degree from a well known school AOC could have done better than a bartending job. I think AOC is a total phony with a made up persona.
Point taken. It also depends on whether the economics department is anchored in the business school or in the arts and science department.
Faster that you can say Jim Robinson.
I'm not sure about that. In my experience, a minor concentration requires as few as 15 credits out of a 120-130 credit degree. That seems like a thin educational background for a "degree," doesn't it?
“Everyone should go and review the brief dialog between Sloan and AOC. “
I agree—it was VERY funny.
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You are correct (and I think you're agreeing with my post). In my case, I got 18 credits in philosophy, but I would never say I had a degree in it. My degree was in music.
A major/minor combo does not confer degrees in each. Only a dual major would.
That's a good point. In my case, my econ course came from the business school.
Alexandria Ocasio-Cortez is like a fly as a picnic. She is just getting into criticizing everything that is going on in this country that she can.
She doesn’t want banks financing any private projects.
She wants the taxpayers to “finance” everything she dictates we need, without proof of any discernible benefit to said taxpayers, and without any repayment— ever.
Let’s just fund that Green New Deficit! Yay!
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