Why Ocasio-Cortez could be bad news for Wall Street

[oeb11]

Why Ocasio-Cortez could be bad news for Wall Street

https://www.msn.com/en-us/money/mark...kI7?li=BBnbfcN
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, during 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 big finance.
"I think with our district, we can be ambitious, so we're kind of swinging for the fences on committees," Ocasio-Cortez told Hill.tv in an interview after her win. "We might as well ask for something big."
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-California, an important ally.


What financial Geniuses the DPST's present to regulate American business. AOC is a Socialist - Totalitarian who love Marx and Lenin, not to mention Putin. These two idiots will be fun to watch trying to screw up things in the name of Socialism. Bet neither could locate Venezuela on a world map.
Fortunately the Senate can keep their stupidity reasonably controlled. Let 'em yammer all they want. Let America watch and learn!!!

[themystic]

I dont know if you have 401K or any pension funds etc but I have 3 main ones. They are all DOWN around -7%. Thats King Trumps fault

[gnadfly]

Does Mad Maxine Waters chair the House Finance Committee? Don't worry about AOC. Expect shake downs. Not the dance move.

[rexdutchman]

Socialist - Totalitarian Idiot that knows nothing I would think.

[filbone]

Originally Posted by themystic

I dont know if you have 401K or any pension funds etc but I have 3 main ones. They are all DOWN around -7%. Thats King Trumps fault

Being down a -7% is the same as being up 7%, but I know what you meant. Down around 7% for 2018 sounds about right for mine too. Fortunately, I'm still up at least 20% since November 2016.

[TheDaliLama]

Originally Posted by themystic

I dont know if you have 401K or any pension funds etc but I have 3 main ones. They are all DOWN around -7%. Thats King Trumps fault

Things always go down the shitter when the Dems take the House.

Just like it did in 2008.

[eccielover]

Originally Posted by TheDaliLama

Things always go down the shitter when the Dems take the House.

Just like it did in 2008.

Correction, the rising deficits and eventual Depression started after the 2006 elections when the Dems took the House.

[WTF]

Originally Posted by eccielover

Correction, the rising deficits and eventual Depression started after the 2006 elections when the Dems took the House.

What fucking nonsense are you trying to peddle?

The banking problems were the cause of the huge deficits....which can be blamed on both parties.

Who taught you economic history? Trump!

[eccielover]

Originally Posted by WTF

What fucking nonsense are you trying to peddle?

The banking problems were the cause of the huge deficits....which can be blamed on both parties.

Who taught you economic history? Trump!

Actually much of it comes from John McCain's words and warnings regarding the Dem housing bubble as far back as 2006, which went unheeded and directly ignored by Dems, hence the burst in 2008 under their fiscal watch as the HOUSE.

Not sure where you are getting your economic history from.

[WTF]

Originally Posted by eccielover

Actually much of it comes from John McCain's words and warnings regarding the Dem housing bubble as far back as 2006, which went unheeded and directly ignored by Dems, hence the burst in 2008 under their fiscal watch as the HOUSE.

Not sure where you are getting your economic history from.

FoGGod Damn...John McCain! Are you serious?

As far back as 2006?????????

You need to go back further than that my friend.


https://www.historyextra.com/period/...-facts-causes/



.

[eccielover]

Originally Posted by WTF

FoGGod Damn...John McCain! Are you serious?

As far back as 2006?????????

Have you ever heard of the repeal of the Glass-Steagall ACT

Yes, that was the timeframe of my post you initially referred to.

Simply look at all of the high deficit spending years in modern history and look at which party holds the purse strings(House Majority) during those periods.

You'll get the pattern I'm sure. Ocasio-Cortez is just another symptomatic liberal sycophant who will perpetuate that pattern I'm sure while libs hold a majority there.

[WTF]

Originally Posted by eccielover

Yes, that was the timeframe of my post you initially referred to.

Simply look at all of the high deficit spending years in modern history and look at which party holds the purse strings(House Majority) during those periods.

You'll get the pattern I'm sure. Ocasio-Cortez is just another symptomatic liberal sycophant who will perpetuate that pattern I'm sure while libs hold a majority there.

The only pattern I'm getting is your continued bullshit of trying to blame one party for this huge deficit.

That is a two party problem that continues to grow because idiots try and blame one side or the other and are too fucking ignorant to realize it is BOTH parties fucking us.

You think Trump and the GOP majority House and Senate cut the deficit any in the last two years?