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AOC, like Warren Buffett, slams CEO of banks that fail




Rep. Alexandria Ocasio-Cortez, DN.Y., targeted business executives on Saturday and said they avoided the consequences of adversely affecting the public and the economy during the economic downturn.

Freshman lawmaker shared his condemnation on Twitter along with a CNBC report that discussed comments from Berkshire Hathaway, Chairman and CEO Warren Buffett.

At Berkshire's annual Omaha shareholder meeting, Nebraska, Buffett said, "If a bank comes to where it needs public assistance, the managing director should lose his net worth and his spouse's net worth," the report said on May 4.

His comments prompted a question about Wells Fargo's false account scandal, which eventually cost the company's former CEO John Stumpf. Omaha Oracle is the largest shareholder in Wells Fargo, with a 9 percent stake.

Ocasio-Cortez tweeted her shock in response to the article that "CEOs who crashed our economy + caused millions of people to lose their homes not only fleeing handcuffs but also got bonuses."

And some of the aforementioned business executives continued to have a negative impact on the economy, she said.

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"Many still have influential roles that form the economy today. But we are the madmen who will tax them, right?

Associated Press contributed this report.



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