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is this real life?
I do not like her one bit.
Good God, That woman is dumb as a fucking bag of hammers.
I think this is a pointless line of questioning. Wells Fargo's incentive is to provide loans they can make a return on, not protect the environment directly. They evaluate environmental risks but only to determine the viability of an investment. The organization that really had the power to prevent environmental harm is the agency that issued the building permit. They are supposed to establish standards to avoid these events. If the costs to meet these standards are too high Wells Fargo won't invest because it's not viable for them thereby preventing the harm. If the investment is still viable after meeting the standards then it gets funded. Ms. Ocasio-Cortez wants to blame the company for following their incentive when the lack of judiciousness in the government standards is what enabled the disaster. Business follow their incentives. Government (ideally) shapes the incentives to prevent externalities. She should be grilling the permit issuers and modifying the environmental standards that apparently were not strict enough.
I bet she got slammed when she was a bartender
The point she is trying to get across is, if you do risk assessment, and constantly see people who you do business with, and those services you provide to them is vital to the point that their action would not be possible without it, and those actions end up hurting others, then perhaps, either you are doing business with those entities under the guise of knowing their prospective damage to others, or you are just a greedy bastards who only care about the bottom line.
She's such a hack 🤣🤣🤣The entertainment her ignorant antics provide almost make it worth the embarrassment that she is actually an elected official 🤦♂️
I adore this woman and abhor the slovenly men that think simply calling her b*** and not finding her attractive (most of these men are slightly south of mule faced themselves) is a debate tactic.
Keep the fat cats on there toes....
she just keeps getting dumber.
God, her voice is so annoying!!!!!!! And why do her teeth look like Gary Busey????????
So moral of the story is, pass better regulation that would hold financial institutions responsible for the type of people/business they invest in. Oops, I believe they already do that, (SEC, FinCEN, BSA, OCC, FDIC, FRS, NCUA etc.) 🤯 Please Congress, spend more time regulating smaller business or intities who you wish to really hold accountable to the same standards! If I missed the point then I will admit that fact. I didn't like the Congress women's tone in this hearing.
Its like talking to a Wall... she is making xtreme connections and wants companies to be held responsible for something they arent. This girl is dangerous.
you knew it was gonna be bad when she started off with "according to an article from The Guardian"...
Even the nuts can become a politician????
What a joke
hahaha by her logic she should be jailed for littering becasue she uses the NY city sewer system.
That's right AOC. Kick his slimy ass!!!!!!
AOC is a fruit loop. The Dems getting behind people like this is why Trump will unfortunately be re-elected in 2020
To get rid of the Froot Loops, we have to vote Republican for at least 12 or more years.
😂🤣😂🤣😂🤣😂 but I am sure she has V8 vehicle.
He should have said "hypothetically, shouldn't you be financially responsible to NY and the 10's of thousands of people who lost out on the Amazon deal because you don't have a basic understanding of how anything works"?
Two pieces of shit. How, can these people be are government or representatives.
So that is why she was still a bartender after graduated from college. She probably asked dumb questions during all job interviews.
By this logic, every member of the taxpaying American public should be held accountable for the war crimes that our government commits overseas. Our tax dollars directly finance these efforts. Every drone strike should be followed by a "FUCK YOU GRANDMA FOR FUNDING INTERNATIONAL TERROR!"
Makes me curious what kind of risk assessment they did before declining to help clean up. I mean he didn't even phone his risk assessment team before he started backing away from that opportunity.
She seems like she's a bit of a bitch lol at all the nicest of nicest bet she has many friends. I could be wrong lol
I love her
AOC is an absolute MORON
Wow. Alex 'Like so...' Cortes is the dumbest member in Congress.
This is legitimately terrifying. Imagine the hazard of making banks take responsibility for their customers actions... not only that but this is suggested by a congressperson that got enough votes by people who think like this to get into office... wow
So if the bank finances my car, and I cause an accident, the bank should pay for damages?
A risk they’re willing to take because they don’t face the costs! What a Broken system. Great on AOC for making her point clearly and effectively. Free markets are not supposed to be deregulated untaxed corporate orgies.
It's simple, in politics there are no fist fights. You have to use language and slick questioning to get people to make mistakes, misspeak and make statements that could potentially self incriminate, defame, or tarnish themselves or who they represent. Plain speaking allows for easy lies to fly under the radar and doesn't allow viewers to see in all context how the person on trial might respond under pressure. This is why AOC and many other politicians have to resort to these strategic conversational tactics to pin the defense. You people think you're so smart calling career politicians stupid when you just show your inferiority in understanding what just played out.
This is the same woman who complained about being described as "sassy". I'm a woman too and she is fucking "sassy". Seriously, her arguments are so petty and stupid and she needs to find real issues instead of asking a bank why they provide loans. She comes off as a bitter millennial.
She's trying but the stretch is just too far. Better to grill him over the illegal billing
He puts the LOAN in SLOAN
A serial killer has been caught at his home. Wells Fargo is the mortgage holder. Her logic is that Wells Fargo should be charged with murder
I will always stand by you my Bronx Sis. From your Brooklyn Bro !
Ocasio Kicks ass
God, she is so fucking stupid!
I love this lady
This woman man.. questioning the bank for doing its job?!
brunojake099 point she’s trying to get at is to loan responsibly. There are banks out there especially the newer ones that pride themselves on never investing in fossil fuels. Js
"I'm not aware... I'm not aware... I'm not aware..." Well okay, then. Dude's not aware. Instead of answering her questions point, he just reinterprets her questions in such a way that he can play dumb. Guess that's one way to absolve yourself of guilt. 🙄
AOC - Dumb, So if my bank loans money to a company or individual who in turn runs a meth lab or murders his family in that home. The bank has to take some or all responsibility?
For all the morons like AOC out there: banks lend money. That's their job, period. Not building pipelines or anything else for which they loan money. Her question about pipeline spill liability is analogous to asking if a bank who made a home loan should be liable if a plumber wrongly installed a toilet that flooded said house. What a freaking dumba$$. Her 15 minutes of fame are up.
If you finance a company so they can build a potentially environmentally hazardous pipeline YOU as the financier MUST take responsibility for not recognizing where your money is being invested. Thank you aoc
Damn AOC....you go girl!!!I know you r just a representative but make sure you have all your facts ready so that you can tighten your grip hold on the ballsacks of these douchesSorry...they got away with some stuff...But you go girl
How much pressure is AOC under. How much does she need to prepare for these hearings to not be dismissed like a child or a "stupid broad". Say what you want about her ideas, if more "regular people" had the fuckin balls to step up and run for public office and win we could actually hold these god dam CEOs accountable.
She’s asking genuine questions. Don’t need to like her, but could at least respect that she’s making a great point about who should cover the negative externalities of investments in fossil fuel energy and infrastructure (and calling the CEO out for claiming they don’t put profit over people, which as we’ve found out last year is not the case and never will be)
Wow - she is brilliant!
if a person has an account with you and their cousin hits a puppy with their car, arent you a puppy killer? lol
Wow, shes dumb
Wish all representatives were as "stupid" as Republicans think AOC is.
Questchaun at least Democrat’s bc that dumb bitch is the gift that keeps on giving
bunch of bootlicking retards here in the comments defending wells fargo
Proof that the monetary system was the downfall of mankind.
Omar. you dumbass. the pipeline youj mention doesntg exist. and why blame Wells Fargo for oil spills. that like me blaming my mortgage company if I get killed in my house. are you that stupid. please just stop it. cantg you tell a happy fucking story. Can't you stop accusing people of shit they are not doing.
if you are going to accuse somebody of caging children. have some fucking proof dumbass before opening your mouth. you are only making yourself look stupid.
Think about this, more people would have worked at the New York amazon plant then voted for her.
AOC should be impeached
+username my opinion is that I think she doesn't really understand international issues, I believe she doesn't listen and if something doesn't follow her views of utopia the democrats paint then it is facist. I just think politically she is not strong and does not actually understand local government.
Since she is a former bartender, she needs to take responsibility for all the people who have DUI's because they drive home from her bar
Ppl are so dumb, they hate on her so much that they completely miss the point of her line of questioning. Why is your bank financing all this BS??
GamerRadar there’s nothing that can validate this bank. They should have gone out of business a long time ago.
GamerRadar but if you as a person get a investment/loan and make no money and go bankrupt and also have to declare that you don’t get excused from making payments to your loans (I.e. student loans or any company starter funds or loans in business) then you as a person have to pay it. Why is a bank special? It’s not. Do the work. Pay your shit. No excuses. You say you have a problem with millennials and student loans but knowingly invest in un-American and in humane treatment of people for a supposed business and pay day. You’re out of your mind. This is banks and big rich men literally buying America and enslaving people, going bankrupt and having financial trouble doing so and people validating this. There has been MULITPLE lawsuits against this companies abuse of American people, racism, sexism, and literal law breaking on their improper banking and credit system abuse for over 30 years.
OH MY GOD A BANK FINANCES THINGS TO MAKE MONEY... guess banks shouldn’t invest in anything at all, get your own financing for your business.
RealTakerslady EXACTLY! This isn’t PERSONAL investments it’s a COMPANY/BANK investment... they are responsible for the funds they allocate to certain purposes. Take responsibility. If you personally spend your funds on drugs or anything else illegal were held responsible for that as individuals company’s, banks, and boards of people involved with these places should be held accountable.
You vile and pathetic lemmings on the left are disgusting. I support Wells Fargo 200%.
Wow she has no understanding of how businesses and banks work. Scary times in US politics.
Look at all the snowflakes in chat sensitive to oversight and accountability by someone elected by the people for the people 😂😂😂
I cant stand to listen or looking at this cunt. Shes so arrogant, annoying and better knowing yet she doesnt even know what shes talking about most of the time. Some people say she is attractive, i really dont see it. She makes me sick. The fakeness is strong with this one wich doesnt make her less disgusting
What a fucking idiot!!! Hypothetically She has got NO clue what she’s talking about. I bet you she can’t pass a pee-pee test 😉
AOC is evil and the anti-Christ
We should just give all our money to this Cortez lady so she can stop the war on global warming. (sarcasm)
She gets paid $170,000 per year to misinterpret how lending works in a economy.
She is not white -what is she doing there
lolThe bank that financed her economics degree should be held accountable as well, then.
The bank that financed the trailer you live in and troll on the internet from should be held accountable too
This is why you do not let kids ask questions.
So if you finance something and don’t know about it you aren’t responsible? Im pretty sure financing a child internment camp makes you responsible.
If the bank does an “environmental risk assessment,” then they should pay when the environment is damaged.
No. A bank does an Environmental risk assement to evaluate past spills. It does nothing to predict future contamination. That's what environmental engineers and others do when the pipeline is built. An ERA protects the bank's interest in the property against past contamination detected in the ground.
Watching AOC grill the finance industry is reminiscent to watching McCain grill people.
Don’t use big words around her, she might not understand
Damn, she should’ve used more time on questions and follow-up and less on setting the questions up (context). Every time the bank rep. Answered a question I would’ve followed up with “what are you basing that on” I.E. You believe wellsfargo cares more about people than money? (Yes) “what are you basing that on? I would’ve kept him dancing as opposed to not answering the questions. Can you give “us” an example of wellsfargo putting Americans first? Him: we lent the pipelines money bc we analyzed the data. Me: “what did the data say?” I would’ve kept him dancing separating the facts that had then from his feelings now.
She asked a legit question. Corp America doesn't give a shit about Americans! This pipeline will destroy the water these people need to live and these banks are all profiting. Wake up America!
She has got to be the DUMBEST SON OF A BITCH!!!! No disrespect to her mother!!!
I stopped watching when she pulled the liberal shock tactics with "caging children". She wants open borders, she wants your job and your money for someone who she deems more deserving. She is the new Stalin.
The comments illustrate the sheer ignorance of the American people. AOC is asking if you share in the revenue from something through your financing, why are you not also sharing in the losses caused by the thing you financed.
+Will Crozier They willfully invested in something that was well known to cause suffering and they are somehow immune from the consequences. However if I for instance willfully gave someone a get away car for a robbery, or gave them a gun they used in a murder, or in some other way gave them materials required to actively cause harm to another I would be held responsible. So why is a giant financial entity immune from such responsibility?
Because WF financed the debt, not the equity. Debt shares neither the revenues or the loses.
People like AOC make me see the upside of domestic abuse.
FEEL THE PRESSURE AOC, FEEL IT. THE WORLD IS WATCHING! O_____________________Our good, better than 80% of the population, keep failing, keep growing, time moves forward not backward, and it is on your side.
Lavender Ocean better than 80% of the population? Yikes
ladies and gentlemen and transgenders, I present you President Alexandria Ocasio-Cortez
She seems to have already made her mind that wells Fargo is evil. It is also clearly apparent that she has no concept of how businesses and especially financial businesses are run. Investors strive to make a return and analyze all the angles to get to that.
I love her!!!
Now the left says you’re a criminal if you do business with customers that have different political views than theirs.
So guys, dude rear ended me and Wells Fargo financed his auto loan. Should I sue them or go after him individually?
Wells Fargo didn't perform a risk assessment they deemed environmentally safe here... hmm, seems different.
Washington is a place of smoke and mirrors , she's coming in swinging a bat !!! When people are fed bs for so long , they can't see when someones not playing to old two step and assume they are upsetting the establishment which they should
She might not be able to bar-be-que but she can sure grill....
People are actually defending Wells Fargo.. people in this country are brainwashed I swear.
I think ppl are more seeing how ridiculous this woman is
SNL needs to spoof this, finally the Democrats have someone that can provide as much comedy gold as Trump lol.
I think you missed the point at the end, JF.
Everyday Wells Fargo denies mortgages everyday based on high risk. This pipe line? Fuck it why not?! It's not like pipe lines leak or something. The amount of support Republicans give to cooperations is astounding. Then they turn around and shit on Americans rights. But at least a basement boi felt like he "owned a lib"
What? One is a politician, the other is a moron in the largest position of power. Nothing will be as funny as a guy who likes both halves of the bible equally and won't quote his favorite verse because it's "personal", spelled hamberders and then served a garbage meal to players, covfefe, "Nancy as I call her", it would be funny if he didn't sound like my grandfather in his early stages of dementia.
i thought this was the spoof.
Remember guys, corporations are individuals just like you! Not subsidized or bailed out by tax payers! Just people like you!
False, banks are bailed out all the time by the Tax payer and most major corporations pay virtually no taxes on gains
She’s an idiot
Jesus this chick is dumb af
Why does she ask him questions if she doesn’t allow him to answer?!
Gabriel Z. Then she should stop making sarcastic comments and dragging on her words. I get it, it’s annoying when they try to stall, but she cuts him off because he’s not saying what she wants to hear. And I don’t even think he’s trying to stall, he has a genuine look of confusion. Kind of like “are you kidding me right now?!”
Its called grandstanding. Ask Kamala Harris & Liz Warren about it....
She only has 5 minutes. I get frustrated as well when they are cut short.
This poor poor girl
Money grows on trees... Why do you think banks have branches... -AOC