AOC tries to grill Wells Fargo CEO and ends up getting schooled and only embarrassing herself.
Socialist Alexandria Ocasio-Cortez (D-NY) asks Wells Fargo CEO Timothy Sloan: “Why was the bank involved in the caging of children and financing the caging of children, to begin with?”
Watch below:
Socialist Alexandria Ocasio-Cortez (D-NY) asks Wells Fargo CEO Timothy Sloan: “Why was the bank involved in the caging of children and financing the caging of children to begin with?”
Sloan: “I don’t know how to answer that question because we weren’t.” pic.twitter.com/0ecaOAvvu8
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— Ryan Saavedra (@RealSaavedra) March 12, 2019
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.” More
At the beginning of her remarks, Ocasio-Cortez told Sloan, “I’m interested in the human rights abuses and environmental disasters that some say are financed by your bank, Wells Fargo.”
Ocasio-Cortez pointed to private prisons and for-profit immigration detention centers, asking Sloan, “Why was the bank involved in the caging of children and financing the caging of children to begin with?”
“I don’t know how to answer that question because we weren’t,” Sloan replied. He said Wells Fargo was involved in financing one of the private prison companies “for a period of time,” but “we’re not anymore.”
As for the other firm, Sloan said, “I’m not familiar with the specific assertion that you’re making. But we weren’t directly involved in that.”
Ocasio-Cortez told Sloan, “So these companies run private detention facilities, run by ICE, which is involved in caging children. But I’ll move on.” (CNS)
She moved on to fossil fuels.
.@RepAOC @AOC: “So, hypothetically, if there was a leak from the Dakota Access Pipeline, why shouldn’t Wells Fargo pay for the cleanup of it, since it paid for the construction of the pipeline itself?”@WellsFargo CEO Timothy Sloan: “Because we don’t operate the pipeline.” pic.twitter.com/TqXQD0WGwA
— CSPAN (@cspan) March 12, 2019
AOC is so stupid that she actually thinks this exchange makes her look smart:
AOC: “If there was a leak from the pipeline, why shouldn’t Wells Fargo pay for the cleanup of it, since it paid for the construction?”
Wells Fargo’s CEO: “Because we don’t operate the pipeline” https://t.co/fZ7IVwgxjQ
— Ryan Saavedra (@RealSaavedra) March 12, 2019
Better to remain silent and be thought a fool than to speak and to remove all doubt.
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