'So, like, Wells Fargo cages children and builds pipe lines'

Monday, March 18, 2019
 | 
Steve Jordahl (OneNewsNow.com)

Alexandria Ocasio-Cortez interviewAn exchange between the currently darling of the Democratic Party and the CEO of Wells Fargo is providing fodder for Republicans.

California Congresswoman Maxine Waters has promised to rain terror down on banks and other financial institutions from her perch atop the House Banking Committee, and of course she has allies on the Democrat-controlled committee.

Last week, freshman Congresswoman Alexandria Ocasio-Cortez threw some stunning questions at Wells Fargo CEO Tim Sloan during his testimony.

“Mr. Sloan, why was the bank involved in the caging of children and financing the caging of children to begin with?” she asked.

“I don't know how to answer that question,” he answered, “because we weren't.”

It seems Wells Fargo had had some financial dealings with companies that built detention centers near the U.S.-Mexico border, which in the young lawmaker’s mind makes it guilty of “caging children.”

But she wasn’t done. Rep. Ocasio-Cortez wanted to pin the price of climate change on the bank, since it had helped with the financing of an underground crude oil pipeline between North Dakota and Illinois.

“Hypothetically if there was a leak from the Dakota Access pipeline,” she asked, “why shouldn't Wells Fargo pay for the cleanup of it since it paid for the construction of the pipeline itself?”

“Because we don't operate the pipeline,” the CEO matter-of-factly responded.  

Sloan had a puzzled look on his face as he answered, and Nick Loris of The Heritage Foundation tells OneNewsNow he would be confused by the questions, too.

“I think the economic ignorance from the questions stunned the witness and rightly so,” Loris observes. “These are questions [Sloan] probably wasn't preparing for and therefore didn't really know how to answer them right off the tip of his tongue.”

The pointed questions didn’t go unnoticed, of course, and conservative writers pointed out the freshman lawmaker recently worked as a bartender.

As a bartender, was she responsible for her customers' actions, too?

“One way to interpret these exchanges,” Joel Pollack writes at Breitbart, “is to understand them as ‘red meat’ for the ‘Resistance.’” He further writes:

Ocasio-Cortez believes Wells Fargo can be held responsible for all of society’s ills because she believes that capitalism itself is inherently destructive. In her telling, those who provide the capital — the banks — are to blame. 

It is remarkable, says Loris, that AOC is a member of the House Banking Committee.

Video of the confrontations can be found here at RealClearPolitics.com.

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