Alexandria Ocasio-Cortez’s economics degree is worthless. She’s shown time and again that she has ZERO understanding of basic economics, markets, and how to run a business. It’s also very evident that she understands nothing of banking practices. In the span of just a few minutes, she stepped on multiple rakes during her grilling of Wells Fargo CEO Tim Sloan.

“Wells Fargo came under blistering congressional scrutiny Tuesday in the wake of a series of consumer-related scandals. The bank engaged in an “egregious pattern of consumer abuses,” U.S. Rep. Maxine Waters said at the outset of a roughly four-hour hearing she chaired regarding the fourth-largest U.S. bank. Tim Sloan’s appearance before the House Committee on Financial Services marked the second time he has testified on Capitol Hill over problems at the bank following revelations in 2016 that bankers opened as many as 3.5 million unauthorized accounts to meet high-pressure sales goals. Since then, Wells Fargo has struggled to fix its image as it’s disclosed harming customers in other areas of the company.”

Wells Fargo has indeed had some serious problems over the last few years. Too many people to count have been harmed by Wells’ banking practices. They should be held accountable, although having Maxine Waters be the one calling them to account is laughable for so many $$$ reasons, but I digress.

Sloan has only been in place as CEO for about two years. It’s not easy turning a very big ship around, but it seems he’s at least trying when it comes to offering jobs to people, putting together better loans for low-income housing, and more. That doesn’t mean that a magic wand has been waved and everything will suddenly be peachy keen. It’s not, and Wells Fargo has a long ways to go.

Which led to Alexandria Ocasio-Cortez, who just had to demonstrate her “brilliance” when it came time for her round of questions.

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.”

Wait Wut?? According to AOC in all her brilliance, because Wells Fargo provided financing for some company that had a contract with ICE, it’s Wells Fargo’s fault they were caged??!! Yes, I know, they weren’t, but facts don’t matter to AOC.

Rake #1:

“”I don’t know how to answer that question because we weren’t,” Sloan responded.”

Ouch.

She then pivoted to climate change because GREEN NEW DEAL! And her time at Standing Rock! Hence her line of questioning…I think.

Rake #2:

“AOC then pointed to a spill involving the Keystone XL pipeline and asked why Wells Fargo shouldn’t be required to clean it up. “We were not involved in the financing of the Keystone XL pipeline,” CEO Timothy Sloan replied.”

Rake #3: Wells Fargo must pay for damages incurred by climate change because the bank DARED to finance oil companies or something. Sloan asks how to calculate that and OWWW.

Rake #4:

Socialist Rep. Alexandria Ocasio-Cortez (D-NY) asks Wells Fargo CEO Timothy Sloan: "Hypothetically, if there was a leak from the Dakota Access pipeline, why shouldn't Wells Fargo pay for the clean up of it?" Sloan: "Because we don't operate the pipeline, we provide financing" pic.twitter.com/c6cShbStuk — Ryan Saavedra (@RealSaavedra) March 12, 2019

Oh good grief. Seriously??!

I’d watch the entire segment if I were you. AOC stepped on multiple rakes in just five minutes demonstrating how little she understands of banking practices.

Oh, but she didn’t stop there. Instead, she sent out a variety of tweets ‘clarifying’ her position and questions.

Rake #5:

This, right here, is a problem. Institutions can engage in unlimited financing of fossil fuels, building unstable pipelines + reaping profits, but when the bill comes to clean up oil spills & fix damages – they can conveniently kick the can. So, who will pay for climate change? https://t.co/TlfmJKVwjb — Alexandria Ocasio-Cortez (@AOC) March 12, 2019

I can just see it now.

Scenario One:

A hail storm (darn that climate weather stuff!) destroys my roof. Forget calling insurance company, let’s just make my bank pay for it!

Scenario Two:

Lightening (there goes that pesky climate weather thing again) hits trees and starts a forest fire. My property is scorched. Let’s make the bank pay! WOOHOOO!

Scenario Three:

"Mr. Bank CEO, why was your bank involved in robbing banks?" "Wait, what? Our bank was robbed." "AHA! So you admit your bank was involved in robbing banks!" — RBe (@RBPundit) March 12, 2019

Scenario Four:

Get fired from your job? Forget going after former employer. Make the bank pay! Yeah, that’s the ticket!

Or, there’s this option.

Socialism isn’t responsible for socialism’s failures, but a bank is responsible for the operational failures of a pipeline run by someone else https://t.co/3HkFqs7zAZ — Orange Muppet Energy (@sunnyright) March 12, 2019

That folks, is the “logic” on display today by financial expert Alexandria Ocasio-Cortez.

The rakes, they were aplenty at today’s hearing thanks to AOC. Perhaps it’s time to buy stock in rakes?

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Feature Photo Credit: Pixabay, cropped and modified