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

CNBC | 11/14/2018 | Jeff Cox
Matty123 (Posted by) Level 3
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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-Calif., an important ally.

Hearing - November - Democrats - House - Elections

During a hearing in November, shortly after the Democrats recaptured the House in the midterm elections, Waters promised that the days of Wall Street deregulation were over.

""Make no mistake, come January, in this committee the days of this committee weakening regulations and putting our economy once again at risk of another financial crisis will come to an end," she said in remarks that briefly roiled markets.

CNBC - Ocasio-Cortez - Comment

CNBC has reached out to Ocasio-Cortez for comment.

Trump targeted post-financial crisis finance reforms during his own campaign, saying they...
(Excerpt) Read more at: CNBC
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