“Why was the bank involved in the caging of children and financing the caging of children to begin with? Rep. Ocasio-Cortez asked the CEO of Wells Fargo.
By Hamza Shaban Hamza Shaban Technology reporter Email Bio Follow March 13 at 9:24 AM Rep. Alexandria Ocasio-Cortez took aim at Wells Fargo on Tuesday, accusing the banking giant of “financing the caging of children,” during a congressional hearing with chief executive Tim Sloan.
“Why was the bank involved in the caging of children and financing the caging of children to begin with?” she asked, referring to the separation of families at the U.S.-Mexico border under President Trump’s controversial immigration policy.Sloan acknowledged that Wells Fargo provided financing for two firms that run detention facilities used by the government, with one of those partnerships still active.
Rep. Alexandria Ocasio-Cortez, a New York Democrat, questions Wells Fargo CEO Tim Sloan during a House Financial Services Committee hearing Tuesday in Washington, D.C. The exchange highlighted the divisiveness over the family separation policy, but also the dispute over the language used to describe the detention facilities. Government officials have previously requested the media not refer to them as “cages.
But she was pressed on the issue later in the hearing. “What is a chain-link fence, enclosed into a chamber on a concrete floor represent to you?” asked Rep. Bonnie Watson Coleman “Is that a cage?”
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