United States

Alexandria Ocasio-Cortez could probe banks’ earnings

Freshman Congresswoman Alexandria Ocasio-Cortez is now a member of the House Financial Services Committee, which oversees the nation’s banks and financial institutions. And California Congresswoman Maxine Waters is chairing that committee. And I think it’s going to be a hoot. Ocasio-Cortez has already proposed taxing very rich people at a 70 percent rate. And bankers would be the ones stung by a proposal like that — which, incidentally, is stupid and is never going to happen. But what I like most about the Democrat from California and the one from Queens — who shocked the political establishment when she won the primary last year and then the election — is that the pair might take the opportunity to look into how banks repo ...