The Amateur Message Boards of the World Famous VoyeurWeb

Rep. Alexandria Ocasio-Cortez, D-N.Y., exposed her economic ignorance again this week when she argued that bankers should be liable for borrowers' mistakes.

During Capitol Hill testimony from Wells Fargo CEO Timothy Sloan, Ocasio-Cortez contended that if in the event of an oil spill on the Dakota Access Pipeline, which Wells Fargo helped finance, the bank should be held responsible.

"If there was a leak from the Dakota Access Pipeline," Ocasio-Cortez asked rhetorically, "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 project," Sloan responded. "We provide financing to the company that’s operating the pipeline.”

Ocasio-Cortez overlooks the reality that banks already have built-in liability for their debtors' mistakes. It's called the free market. If a business makes poor decisions and goes bankrupt, the loan will not be repaid and the bank will lose its investment. Ocasio-Cortez’s point betrays a total naïveté about how financing works. Her contention is akin to claiming that a bank holding a car loan should be responsible if the owner gets into a crash. It's like saying a bank holding a home mortgage should pay to fix the pipes when they burst.

WOW, she is one stupid horse faced cow.

And to think! this is one of the Democrats biggest Darlings along with Beto O'Dork

Didn't this girl get her degree with "honors"?

In a sense, she did get the perfect Left Wing indoctrination because she is a true socialist believer.

However, she is completely ignorant of the real world and how it works.

johnforbes wrote:Didn't this girl get her degree with "honors"?

In a sense, she did get the perfect Left Wing indoctrination because she is a true socialist believer.

However, she is completely ignorant of the real world and how it works.

I hear she paid $8.95 and blow job for her degree.

AOC says not to worry about losing your job to automation...
because it give you more time to do art...

Is stacking beer cans an art? :o

When I worked at the beach, the college students built a "Beeramid" of empty cans.

It looked like art, but then I was a kid from the country...

Yup, in high school johnforbes stacked a huge pile of cow chips for his art class project on the Great Pyramid at Giza.

Then he gathered a large water trough full of swine anuses and placed it alongside as the mysterious Sphinxter.

Ahhhh, those halcyon days of johnforbes' youth....

I can see why "ClownLicker" is a liberal. He hasten got the brains to produce an intelligent response. But then neither does Elk. Both of em good little puppets for the liberal Dummycrat Socials, baby killing party

I can see why "namandgulfdumbfuck" is a conservative.

"He hasten got the brains to produce an intelligent response."<---- :lol: :lol: :lol: :lol: :lol: :lol:

Oh, the irony! :lol:

I would hasten to correct that ignorant comment if I were you, dumbfuck.

I never dali on Clown's postings because the memory of them is not persistent.