While questioning the CEO of one of the largest financial institutions in the world, Rep. Alexandria Ocasio-Cortez accused the bank of being “involved in the caging of children.”

The hearing on Tuesday before the House Financial Services Committee was created by Democrat Chairwoman Maxine Waters, which was titled, “Holding Megabanks Accountable: An Examination of Wells Fargo’s Pattern of Consumer Abuses.”

Wells Fargo CEO Timothy Sloan was the first “megabank” chief summoned by Waters to appear before the committee to answer questions about how the bank operates.

But Ocasio-Cortez had other ideas, and used a major chunk of her time to push her political agenda against Immigration and Customs Enforcement, and awkwardly accused the bank of being complicit in “caging children.”


“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 shot back.

“Uh, so in finan-, you’ve,” Ocasio-Cortez began, stuttering and muffling through papers. “You were financing, involved in debt financing in CoreCivic and GEO group, correct?”

“For a period of time, we were involved in financing one of the firms, we are not anymore. I’m not familiar with the specific assertion you are making, we were not involved in that,” Sloan responded, making it clear that there was absolutely no basis for Ocasio-Cortez’s politically-infused allegation.

For the record, there is absolutely no proof or evidence that the Trump administration is “caging children.”

Ocasio-Cortez then used the remainder of her time to push another liberal talking point: climate change.

“Should Wells Fargo be held responsible for the damages incurred by Climate Change due to the financing of fossil fuels and these projects?” Ocasio-Cortez asked.

“I don’t know how’d you calculate that, Congresswoman,” Sloan responded.

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“Say from spills, or when we have to reinvest in infrastructure building sea walls from the erosion of, um, from the erosion of infrastructure or cleanups, wildfires, etc…,” Ocasio-Cortez said.

“Related to that pipeline? I’m not aware that there’s been any of what you’ve described that’s occurred that’s related to that pipeline,” he shot back.


Appearing visibly frustrated that she wasn’t getting the answers she apparently wanted, Ocasio-Cortez proceeded to talk over Sloan while he was trying to answer her questions.

“How about, uh, the cleans up from the leaks of the Dakota Access pipeline?” she asked, again interrupting Sloan.

“I’m not aware of the leaks associated with the Dakota Access pipeline that you’re describing,” he responded.

“So, hypothetically, if there was a leak from the Dakota Access pipeline, why shouldn’t Wells Fargo pay for the clean up of it since it paid for the construction of the pipeline itself?” she snidely asked.

He then dropped some knowledge on her about how the process works, which she clearly didn’t know.

“Because we don’t operate the pipeline, we provide financing to the company that’s operating the pipeline,” Sloan answered.