Hold Well-Fargo responsible for pipeline spills?

In our current society "lawsuit" it one of the most popular words. People don't want to be held responsible for their actions. If you cut your finger while peeling a potatoe, should you file a lawsuit against U.S. Steel for making the steel that was used to make the blade? Too many people are looking for any type of free ride.

theory of deepest pockets.....$$$

Well, let's see. Banks exist to take other peoples' money and hold that same secure. When they lend that money out, they have a legal, moral, and ethical responsibility to insure that the borrowers are in a position to repay those borrowed sums with interest.

There is a further complication in that, a lending institution which fails to lend money to those capable of repaying with interest are acting against the collective interest of the depositors. After all, why would a person deposit their money in a bank which paid no interest on those funds?

So, a bank, in the purest sense does not exist to make moral judgements on the "what" a borrowed sum is for, their primary judgement must be on whether such a loan will be paid back without complications. There is some component of whether controversy will prevent full repayment of loans. And another in that financing criminal endeavors is generally frowned upon.

However, fiduciary responsibility does not include coming to unsupportable conclusions or imagined political issues--see financial responsibilities to depositors, above.

All that being said, I found the Hyhen's blathering, conflating financing with ownership near nigh hilarious. Really, at the level of Eco-hysteria being evoked, the usual suspects need to harangue all the companies invested in concrete batch plants, as those are, apparently entirely awful in every eco aspect.

This level of dissonance does seem to be deliberate. If WF can be held responsible for pipeline leaks on a pipeling they merely financed (not built nor operated), then all sorts of things are possible. LIke forcing banks to not allow the purchase of firearms. Or of ammo. Or of forcing them to conduct background checks before allowing purchases.

It is a death to freedom and liberty.

berettaprofessor said:

Hear me out, fellow THR’s, and keep the linked story below in mind while staying out of the politics...

Again, please, any discussion here, let’s not get into the politics; I don’t care who said it and what political party is for or against. We don’t need this thread locked before it starts.

Click to expand...

You said it twice but you simply can’t. Is he any more at fault than the pipe fitters that welded it together or the truck drivers that drove the supplies to the site or are they all complicit in the conspiracy (sorry but that’s the kind of words they would use)?

If it wasn’t political Cortez would be going after the people that actually did the work vs some bank that funded it. Who knows she could even go after the Government for the crimes people on welfare commit, don’t hold your breath though...