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
— Ryan Saavedra (@RealSaavedra) March 12, 2019
How is this real? Gotta be a bad SNL skit.
Via Daily Wire:
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.”