This past Wednesday evening, extreme-left Rep. Rashida Tlaib (D-MI) attempted to step up and talk down to top bank executives as part of a House Financial Services Committee hearing on regulatory and oversight matters in the banking industry, but ended up being entirely shocked by the response she was issued by one of the most powerful bank executives at the hearing.
While attending the event, CEOs from the six largest banks in America were asked to speak about serious issues by various members, such as the express influence of Chinese banks and the overall impact of the pandemic and war on inflation and the economy as a whole Other members at the event, such as Tlaib, chose to not deal with normal issues and rushed straight to the leftist woke issues, such as climate change.
The group of CEOs which were called upon to speak included Jamie Dimon, Chairman and CEO, JPMorgan Chase & Co.; Jane Fraser, CEO, Citigroup; Brian Moynihan, Chairman and CEO, Bank of America; Charles Scharf, President and CEO, Wells Fargo & Company; William Rogers Jr., Chairman and CEO, Truist Financial Corporation; William Demchak, Chairman, President, and CEO, The PNC Financial Services Group; and Andy Cecere, Chairman, President, and CEO, U.S. Bancorp.
“You have all committed, as you all know, to transition the emissions from lending and investment activities to align with pathways to net zero in 2050,” started Tlaib. “Do you know what the International Energy Agency has said is required to meet our global 2050 net sterile targets of limiting global temperature rise to 2.7 degrees Fahrenheit, or 1.5 degrees Celsius? So no new fossil fuel production starting today, that’s, so that’s like zero.”
“Please answer with a simple yes or no — does your bank have a policy against funding new oil and gas products?” questioned the leftist Rep. “Mr. Dimon?”
“Absolutely not,” shot back Dimon. “And that would be the road to hell for America.”
“Yeah, that’s fine,” responded Tlaib. “That’s why sir, you know what, everybody that got relief from student loans, has a bank account with your bank should probably take out their account and close their account, the fact that you’re not even there to help relieve many of the folks that are in debt, extreme debt because of student loan debt, and you’re out there criticizing it.”
Tlaib then went on to allege with no actual evidence that Dimon “obviously” just does not “care about working class people and frontline communities like ours, that are facing huge amounts of high rates of asthma, respiratory issues, and so much more, cancer rates are so high among my communities that I represent.”
Rep. @RashidaTlaib challenges bank CEOs to agree to stop funding fossil fuels, is rejected by every single one
Jamie Dimon: "That would be the road to Hell for America" pic.twitter.com/U7yr6AbtyF
— Tom Elliott (@tomselliott) September 21, 2022