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  • Ocasio-Cortez reportedly in line for banking post, and that could be bad news for Wall Street

    From cnbc.com

    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. The New York legislator has vowed to take on the industry that makes up the corporate backbone for much of her constituency. She said during her successful campaign in 2018, in which she refused corporate donors and upset entrenched incumbent Democrat Joe Crowley, that she was hoping for an assignment that would allow her to take on ... (full story)