Wall Street bigwigs are shaking in their boots now that Rep. Alexandria Ocasio-Cortez (D-N.Y.) is poised to join the powerful House Financial Services Committee, which oversees the financial sector in our nation.
The firebrand freshman congresswomen is known for refusing to take corporate donations, which means she won’t be beholden to big banks and corporate CEOs.
“We…should make sure that no bank is allowed to become ‘too-big-to-fail’ and that oversized banks are broken up to reduce the likelihood of a financial crash,” she said during the campaign.
And she means it, as do the progressive freshman congresswomen who are set to join her on the committee, including Reps. Katie Porter (D-Calif.) and Rashida Tlaib (D-Mich.).
The committee is already chaired by Rep. Maxine Waters (D-Calif.), who already intends to pursue oversight and regulation on Wall Street to prevent economic crashes and make the economy more fair for everyone.
Having Ocasio-Cortez on the committee will help her reach that goal because her 2018 platform called for “holding Wall Street and big corporations accountable, and strengthen protections for workers and consumers.”
It’s one hell of a team-up.
Combined with her call to enact a 70 percent tax on incomes over $10 million, Wall Street should be scared and the American people should rejoice that they finally have a champion fighting for them.
Ocasio-Cortez tweeted about her assignment to the committee on Twitter.
Financial Services is one of just four exclusive committees in the House. It oversees big banks, lending, & the financial sector.
I am very grateful for the opportunity to sit on this committee as a freshman, and look forward to working under the leadership of @RepMaxineWaters! https://t.co/kIq5iDcrTV
— Alexandria Ocasio-Cortez (@AOC) January 16, 2019
And she went on to point out that she wants to focus on more than just regulating the banks and putting Wall Street in its place. She wants to alleviate the student loan crisis and tackle for-profit prisons.
Personally, I’m looking forward to digging into the student loan crisis, examining for-profit prisons/ICE detention, and exploring the development of public & postal banking. To start. ?
— Alexandria Ocasio-Cortez (@AOC) January 16, 2019
Clearly, Ocasio-Cortez is not messing around. She truly intends to fight tooth and nail for the American people against predatory banks and lenders who screw people over every day. Her assignment to this committee gives her the power to do it.
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