The following is an excellent article written by David Meyer on the Fortune website on January 16, 2019 titled “Wall Street, Brace Yourself: Alexandria Ocasio-Cortez Is Joining the House Financial Services Committee” and I quote:
“Wall Street, Brace Yourself: Alexandria Ocasio-Cortez Is Joining House Financial Services Committee”
Fortune Explains: Marginal Tax RatesAlexandria Ocasio-Cortez suggested a tax rate as high as 70 percent on the rich.PauseMuteCurrent Time 0:23/Duration 2:25Loaded: 0%Progress: 0% ShareCaptionsFullscreenYOU MIGHT LIKETHE FED RAISES INTEREST RATES A QUARTER POINT×By DAVID MEYER January 16, 2019
Wall Street had better brace itself, because the House Financial Services Committee is about to be loaded with some big names from the left wing of the Democratic Party.
Per Bloomberg, those names include Alexandria Ocasio-Cortez (N.Y.), Rashida Tlaib (Mich.), Katie Porter (Calif.) and Tulsi Gabbard (Hawaii).
“AOC” confirmed the news of her appointment 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!Shane Goldmacher✔@ShaneGoldmacherAlexandria Ocasio-Cortez has officially gotten a slot on House Financial Services: A New York Democrat who will rail against Wall Street on key panel65.5K9:30 PM – Jan 15, 2019Twitter Ads info and privacy13.2K people are talking about this
“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,” she tweeted.
Ocasio-Cortez and Tlaib both identify as democratic socialists. Gabbard—who intends to run for president next year—is an ally of Bernie Sanders, who is also a democratic socialist. Porter studied law under Elizabeth Warren at Harvard—both Porter and Warren identify as capitalists, but neither is any kind of friend to Wall Street.
According to Bloomberg‘s sources, all four have been nominated for the committee by the Democrats’ steering committee, making them a shoo-in for membership. The panel will be chaired by Maxine Waters (Calif.), who is on the moderate wing of the Democrats.
As reported by Politico, then confirmed by the Boston congresswoman herself via Twitter, the progressive Ayanna Pressley (Mass.) will also be joining the committee.ADVERTISINGinRead invented by Teads
Ayanna Pressley✔@AyannaPressley
To anyone that’s ever come home to an eviction notice, felt overwhelmed by student debt or worked the 2nd&3rd shift – when I learned that I was appointed to the Financial Services Committee @FSCDems tonight I thought of you. We belong everywhere. I’ll never stop fighting for you.19.8K10:53 PM – Jan 15, 2019 · Washington, DCTwitter Ads info and privacy3,352 people are talking about this
“To anyone that’s ever come home to an eviction notice, felt overwhelmed by student debt or worked the 2nd&3rd shift—when I learned that I was appointed to the Financial Services Committee @FSCDems tonight I thought of you,” Pressley tweeted.”
(WE’LL AT LEAST KNOW WHAT IS GOING ON WITH THE VIRTUALLY UNREGULATED BIG INVESTMENT BANKS. SINCE THE REPUBLICAN-CONTROLLED CONGRESS DEREGULATED A LOT OF INDUSTRIES, AND VIRTUALLY ELIMINATED THE CONSUMER FINANCIAL PROTECTION BUREAU, THERE’S A GOOD CHANCE WE COULD HAVE ANOTHER BANKING CRISIS WORSE THAN IN 2008. NOW THAT THE DEMOCRATS HAVE TAKEN OVER THE HOUSE AGAIN, THE ODDS OF THIS SHOULD HELP THE SAFETY FACTOR OF THIS FROM HAPPENING. THE SHUTDOWN OF THE GOVERNMENT FOR A RECORD NUMBER OF DAYS BY REPUBLICAN PRESIDENT DONALD TRUMP IS ALSO INCREASING THE CHANCES THAT THINGS COULD GET MUCH WORSE. IT’S TOO BAD THE REPUBLICANS ARE NOT CONSERVATIVES AND THE DEBT IS GROWING FASTER NOW THAN UNDER THE DEMOCRATS.
LaVern Isely, Progressive, Overtaxed, Independent Middle Class Taxpayer and Public Citizen Member and USAF Veteran
isely 