CCD Editor’s Note: Sadly, AOC literally has no clue how financing or companies operate. Here she conflates those who provide capital to a company with those who actually run a business. Did you expect anything less from a 29-year-old former bartender?
Wells Fargo has been accused of many illegal and fraudulent activities over the past few years, but on Tuesday its chief executive came under fire on Capitol Hill for lending to legal projects unpopular with left-wing Democrats.
Rep. Alexandria Ocasio-Cortez (D-N.Y.) grilled Wells Fargo CEO Tim Sloan over the bank’s financing of the Dakota Access Pipeline.
“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?” Ocasio-Cortez asked at a hearing of the House financial services committee.
“Because we don’t operate the pipeline. We provide financing to the company that is operating the company,” Sloan answered.
“Why did Wells Fargo finance this pipeline when it was widely seen to be environmentally unstable?” Cortez said without providing evidence that the pipeline is unstable.
“The reason we were one of the 17 or 19 banks that financed that is because our team reviewed the environmental impact and we concluded it was a risk we were willing to take,” Sloan said.
The Dakota Access Pipeline moves more than 500,000 barrels of oil a day. It was briefly blocked when the Obama administration denied it a key permit to operate but that decision was reversed by President Donald Trump a few months later.
Ocasio-Cortez also accused Wells Fargo of being “involved in the caging of children” by financing facilities operated by Immigration and Customs Enforcement.
Sloan said the bank was not involved in the caging of children although it had provided financing to a company that engaged in prison construction.
Read more at Breitbart
She’s on helium.
If not for Coke-Cane maybe Ala-sangria would come down to the real world where most non-druggies exist and talk AND LISTEN reasonably rather than hysterically in motor-mouth ejaculations of unprecedented truth.
Will the hysteria ever end?
Will the self-righteousness ever be subdued?
Will she ever shut up?
I hold a faint hope that children like AOC will someday grow up, look back on what they did and consider their words and think: “Oh my god, why didn’t somebody stop me?! How could anybody be so stupid and narrow-minded?!”
Boxorox, I have the same hope. I wish Obama a long life, certainly not because I like the guy, but I want him to live long enough to see how terribly wrong he was on climate change and all of the harm he caused. The unfortunate truth is such people of short memories of when they blow it.
Liberals think that every type of organization should support their agenda. That is not the way it is. Just as with the world bank, Wells Fargo would be stepping beyond their mandate to refuse to fund project because of the climate change fraud.
AO-C’s threat to corporations is that her followers will boycott them. AO-C twists their arms, demanding an all – in commitment to her whims.
She’s more than a pompous twit, she’s a bully. Doesn’t look the part, but she sure is full of herself.
Once again we hear that mindless braying coming from AOC and the rest of the Stupid jackass party( Liberal Democrat) and we witnessed the hyporicy of the Standing Rock actvists leaving the big mess behind them just like after their silly Earth Day celebrations they hold every April 22nd