tomkaz

AOC Not So Detail Oriented; Should Banks Be Liable for Borrowers “Mideeds”?

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Yes, sadly, there is no intelligence test before one can run for Congress. Should there be?

 

But that is from the linked item below and one can excuse her for not knowing her XL from the non-XL. 

 

But see who she was interrogating questioning at the time, the CEO of Wells Fargo. Why? 

 

Which gets to the larger issue being raised by Dems like Warren - Should lending banks be responsible in any way for the actions of the borrowers to whom they are lending? In other words, for an oil spill, a plane crash or a product failure/suit, should the banks be somehow culpable for those corporate issues? 

 

Which then makes me wonder if Dems can think of that, why do they argue against universities having some “skin in the game” when students borrow heavily to attend their schools? Liberal argue that schools should not be on the hood if a borrower reneges on their student debt? 

 

Aren’t the two the same basic rationale? 

 

Ocasio-Cortez Blames Pipeline That Hasn’t Been Built Yet for an Oil Spill

Democratic New York Rep. Alexandria Ocasio-Cortez blamed the Keystone XL pipeline for leaking about 5,000 barrels of oil in rural South Dakota about two years ago.

There’s just one problem: The Keystone XL pipeline has not been built yet.

During a House hearing Tuesday, Ocasio-Cortez claimed that “Keystone XL, in particular, had one leak that leaked 210,000 gallons across South Dakota” while she questioned Wells Fargo President and CEO Timothy Sloan.

Ocasio-Cortez probably confused the Keystone XL pipeline with the Keystone pipeline, which has been operating since 2010. Keystone XL is still under construction, but would also bring oil sands from Canada to Nebraska where it would connect to existing pipeline.

Environmentalists spent years opposing the Keystone XL pipeline, filing court challenges and successfully lobbying former President Barack Obama to personally reject the project in late 2015. President Donald Trump reversed that decision in early 2017, but Keystone XL’s progress has since been delayed by activist lawsuits.

The existing Keystone pipeline, however, was responsible for leaking up to 9,700 barrels in South Dakota in 2017. The initial estimate for the spill was about 5,000 barrels, or 210,000 gallons of oil. Both Keystone and the planned XL line are operated by Canadian pipeline giant TransCanada.

TransCanada said it repaired the pipeline and cleaned up the spill, Reuters reported in 2018, though the event has been used by environmental activists to gin up opposition to the Keystone XL pipeline.

Ocasio-Cortez, who recently introduced the Green New Deal resolution, also took aim at Wells Fargo’s financing of the Dakota Access Pipeline, which sparked violent protests along the project’s planned route throughout 2016.

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9 mins ago, The Dude said:

How many AOC threads are there going to be? This chick owns you guys worse than hHillary.

How long will she continue to make stupid remarks and statements?

 

I know some people would like to pretend that she does not say the stupid chit that she says.

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So rather than talking about the actual oil spill or banks' culpability in issues like this, your problem is that she misspoke and said Keystone XL instead of Keystone?

 

Brown Woman Bad! 

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12 mins ago, The Dude said:

How many AOC threads are there going to be? This chick owns you guys worse than hHillary.

NO, this is not an AOC thread, it is a question surrounding whether lenders should be responsible for what the borrowers do with the lent money. 

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1 min ago, tomkaz said:

NO, this is not an AOC thread, it is a question surrounding whether lenders should be responsible for what the borrowers do with the lent money. 

do you have an article which supports your claim?

what you gave us was about a pipe line.....

 

your claims about the banking seem silly.

I need to know what she REALLY said on the matter.

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2 mins ago, The Dude said:

How many AOC threads are there going to be? This chick owns you guys worse than hHillary.

It’s the GOP playbook, and can actually be effective on Fox and the talking head Sunday shows that many moderates watch, but here 95% of the PG are Trumpistas, so it’s simply echo chamber euphoria.

No mention of Steven King, Gohmert, Gaetz, et al.

Prepare for a few hundred more AOC/Omar threads between now and November 2020, and one particular poster throwing up most of them. 

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The best part is if lenders tighten up their lending standards and make loans to just people with a high likelihood of repayment the left would blow a gasket.

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Just now, slowroller said:

So rather than talking about the actual oil spill or banks' culpability in issues like this, your problem is that she misspoke and said Keystone XL instead of Keystone?

 

Brown Woman Bad! 

Why do you guys divert? I used AOC’s line of questioning to highlight the larger issue. Do you want me to post what Warren has to say about this? Will that make the question legitimate? 

 

I WANT to talk about the role borrowers play here, and the role universities play in causing students to take on debts in pursuit of non-commercial degrees where the potential wages can never match the level of debt taken on. My point is the schools should be on the hook for allowing someone to take on $250,000 in pursuit of undergrad and grad degrees in hyper-studies pursuits that can never pay well enough to service the debt. Make the schools responsible for half the debt, as a liability on their balance sheets, and watch what might happen. 

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2 mins ago, fish'nmagician said:

do you have an article which supports your claim?

what you gave us was about a pipe line.....

 

your claims about the banking seem silly.

I need to know what she REALLY said on the matter.

Did you miss the part about her questioning the Wells Fargo CEO? Did he, or his bank, have any actual, real-world liability for that spill? Yet she asked if the thought they should. 

 

Do you even read anything here or just emote? 

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22 mins ago, tomkaz said:

Should lending banks be responsible in any way for the actions of the borrowers to whom they are lending? In other words, for an oil spill, a plane crash or a product failure/suit, should the banks be somehow culpable for those corporate issues? 

tom,

do you have a C&P that supports your assertion that AOC is pushing forward this type of logic?

what is the BASIS for your thread?

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But just to shut you up Frank:

 

Ocasio-Cortez also grilled Wells Fargo’s Sloan over their financing of the Dakota Access Pipeline, asking the bank CEO if his company should be responsible for cleaning up any oil spills. The freshman Democrat also claimed the Dakota Access Pipeline has leaked five times since it began operating two years ago.

 

So, hypothetically, if there was a leak from the Dakota Access Pipeline, why shouldn’t Wells Fargo pay for the cleanup of it, since it paid for the construction of the pipeline itself?” Ocasio-Cortez asked in Tuesday’s hearing.

 

“We don’t operate the pipeline, we provide financing to the company that’s operating the pipeline,” Sloan said, also noting Wells Fargo had an environmental oversight group.

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Just now, fish'nmagician said:

tom,

do you have a C&P that supports your assertion that AOC is pushing forward this type of logic?

what is the BASIS for your thread?

QED

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