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Debates Forum

  1. Joined
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    13 Mar '19 13:09
    https://www.theblaze.com/news/ocasio-cortez-tries-to-knock-out-wells-fargo-ceo-during-questioning-and-embarrasses-herself-instead


    Rep. Alexandria Ocasio-Cortez (D-N.Y.) tried to grill the CEO of Wells Fargo during his testimony before Congress on Tuesday but it resulted in embarrassing video for the upstart freshman congresswoman.


    Timothy Sloan testified in the House Financial Services Committee Hearing meant to hold "megabanks" accountable. Rep. Maxine Waters (D-Calif.) chairs the committee and headed the hearing.

    Ocasio-Cortez first tried to tie the bank to family separations at the border, but Sloan simply denied they had any direct involvement.


    "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 replied flatly.

    "Uh, so in finan... you've, you were financing, involved in debt financing in CoreCivic and GEO group, correct?" Ocasio-Cortez continued, referring to two public prison firms.

    "For a period of time, we were involved in financing one of the firms, we are not anymore," Sloan said. "I'm not familiar with the specific assertion you are making, we were not involved in that."

    Ocasio-Cortez then turned to global warming issues surrounding the financing of various oil pipelines.

    She asked if Wells Fargo should pay for spills from the Keystone XL pipeline, but Sloan responded that they didn't directly finance that pipeline. She had to move on.

    Ocasio-Cortez then asked if they should be liable for global warming effects from their pipeline financing.

    "I don't know how'd you calculate that, congresswoman," Sloan replied.

    "Say from spills, or when we have to reinvest in infrastructure building sea walls from the erosion uh, of," Ocasio-Cortez stammered, "um, from the erosion of infrastructure or cleanups, wildfires, et cetera."

    "Related to that pipeline?" Sloan asked. "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, clearly growing impatient, demanded to know why Wells Fargo shouldn't pay for clean up from theoretical spills in the future that haven't happened yet.

    "Because we don't operate the pipeline," he responded, "we provide financing to the company that's operating the pipeline."

    Despite being unable to corner the CEO, Ocasio-Cortez declared victory on social media and demanded that those who disagree with her stop debating and simply cave to her demands.
  2. Joined
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    13 Mar '19 13:28
    @whodey

    What is interesting to me is, AOC more or less seems to be admitting that she needs the money from these rich evil men in order to save the world.

    She has more or less admitted her dependence on them.

    Interesting, isn't it.
  3. Standard membershavixmir
    Guppy poo
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    13 Mar '19 16:15
    Did she admit dependence on them? Did she really, though?

    She didn’t, eh? You’re making it up again.
  4. Joined
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    13 Mar '19 18:21
    @shavixmir said
    Did she admit dependence on them? Did she really, though?

    She didn’t, eh? You’re making it up again.
    She does not need their money?

    Why is she after it then?
  5. Subscriberno1marauder
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    13 Mar '19 18:31
    @whodey said
    She does not need their money?

    Why is she after it then?
    To make them reimburse society for what they cost it?
  6. Joined
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    13 Mar '19 18:41
    @no1marauder said
    To make them reimburse society for what they cost it?
    But I thought they did not need their money.

    Sounds like they would be lost without it.
  7. Joined
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    13 Mar '19 19:03
    @no1marauder said
    To make them reimburse society for what they cost it?
    Wells Fargo, as the lender, did not cost society any money.
  8. Alabama
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    13 Mar '19 19:05
    @shavixmir said
    Did she admit dependence on them? Did she really, though?

    She didn’t, eh? You’re making it up again.
    This may clear the air. Everyone can at least stipulate that the Republicans work harder, produce more, take a golf break, then back to free enterprise, create millions of jobs, give more to charity than do Dems (google it), invest in our great economy (#1 in world) and fight off government regulations at every turn. As the libs do NONE of these things, think about it, it stands to reason that libs/dems need cons/repubs, not the other way around. Think about it. What do cons need with the libs?

    So, as this is a given, every subtlety in Cortez’s ill-guided diatribes is founded on her néed of our money. For what. Let the Repubs do their thing, there are many entitlements covering folks in need.
  9. Joined
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    13 Mar '19 19:07
    @shavixmir said
    Did she admit dependence on them? Did she really, though?

    She didn’t, eh? You’re making it up again.
    "more or less" that fly right over your head?
  10. Joined
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    13 Mar '19 19:08
    @no1marauder said
    To make them reimburse society for what they cost it?
    LMFAO!
  11. Subscriberno1marauder
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    13 Mar '19 19:10
    @quackquack said
    Wells Fargo, as the lender, did not cost society any money.
    If you lend someone a $100 knowing they are likely to use it to buy a gun and kill someone, what is your level of moral culpability?
  12. Alabama
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    13 Mar '19 19:17
    @livineasy4 said
    This may clear the air. Everyone can at least stipulate that the Republicans work harder, produce more, take a golf break, then back to free enterprise, create millions of jobs, give more to charity than do Dems (google it), invest in our great economy (#1 in world) and fight off government regulations at every turn. As the libs do NONE of these things, think about it, it ...[text shortened]... oney. For what. Let the Repubs do their thing, there are many entitlements covering folks in need.
    People like Zahlanzi and Cortez want us to do away with using fossil fuels, but they are a bit short-sighted, as they don’t tell us how the nation’s food will be delivered from the producers all the way through to the dinner table. Catfish from Alabama to Vermont could be a long, smelly trip by wagon, or even by train. Do you know our average American adult eats 2000 pounds of food a year? So, my point is not about food, it is about Cortez’s cute peanut brain and that of Zany Zahlani.
  13. Alabama
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    13 Mar '19 19:22
    @no1marauder said
    If you lend someone a $100 knowing they are likely to use it to buy a gun and kill someone, what is your level of moral culpability?
    Not unless you are ‘mixed up’ in it, like conspiring.
  14. Joined
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    13 Mar '19 19:341 edit
    This may have something to do with AOC’s line of questions:

    By Reuters
    NEW YORK - JPMorgan Chase & Co has decided to stop financing private operators of prisons and detention centers, which have become targets of protests over Trump administration immigration policies.

    "We will no longer bank the private prison industry," a company spokesman told Reuters. The decision is a result of bank's ongoing evaluations of the costs and benefits of serving different industries, he said.

    JPMorgan is one of several banks that have underwritten bonds or syndicated loans for CoreCivic Inc and Geo Group Inc, the two major private prison operators in the United States. In 2018, banks, including Bank of America Corp and Wells Fargo & Co raised roughly $1.8 billion in debt over three deals for CoreCivic and GEO Group, according to Refinitiv data.

    Wells Fargo said in January that it is reducing its relationship with the prison industry as part of its "environmental and social risk management" process.“

    https://www.nbcnews.com/news/us-news/jpmorgan-stop-financing-private-prisons-detention-centers-after-protests-n979491
  15. Joined
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    13 Mar '19 19:40
    @no1marauder said
    If you lend someone a $100 knowing they are likely to use it to buy a gun and kill someone, what is your level of moral culpability?
    A good question in jury selection.
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