Ocasio-Cortez reportedly in line for banking post, and that could be bad news for Wall Street
- Freshman Rep. Alexandria Ocasio-Cortez is in line to be appointed to the House Financial Services Committee, according to a Politico report.
- The New York democratic socialist would be a thorn in the side of Wall Street, which has seen its regulatory burden lowered since Donald Trump became president.
- Ocasio-Cortez also could be an important ally for committee Chairwoman Maxine Waters.
Jeff Cox
Published 38 Mins
Carlos Barria | Reuters
Democratic Representative-elect Alexandria Ocasio-Cortez of New York talks to reporters as she arrives for a class photo with incoming newly elected members of the U.S. House of Representatives on Capitol Hill in Washington, U.S., November 14, 2018.
Big banks could be about to get a high-profile enemy in a very powerful place.
Freshman Rep. Alexandria Ocasio-Cortez, who is a registered Democrat but identifies as a democratic socialist, is in line to be appointed to the House Financial Services Committee, according to a Politico report.
"I think with our district, we can be ambitious, so we're kind of swinging for the fences on committees," Ocasio-Cortez told Hill.tv in an interview after her win. "We might as well ask for something big."
With prominent Democrats looking to unwind two years of deregulation under President Donald Trump, the seat will put her in a position to exert substantial influence.
Her appointment also will give new committee Chairwoman Maxine Waters, D-California, an important ally.
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