Ocasio-Cortez Could Land Banking Post, How Will Stock Market Respond?

Rep. Alexandria Ocasio-Cortez is the youngest woman ever to serve in Congress. She now looks set to make waves by joining the House Financial Services Committee, which oversees the Wall Street regulatory regime. Peeling Back Trump’s Years of Deregulation Reports indicate the Democratic congresswoman has a strong chance of the appointment and could be an ally to Financial Services Committee Chair Maxine Waters. Rep. Waters shook the markets with her promise that: 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. Ocasio-Cortez, who leans to the left of the Democratic mainstream and identifies as a democratic socialist, vowed to take on New York’s corporate interests and has reportedly hoped for a position to allow her to put her stamp on financial sector policy. US President Donald Trump and his administration…

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