Rep. AOC said she 'was in the room when this happened and it was just as gross and wild in person.'
Rep. Alexandria Ocasio-Cortez said she"was in the room when this happened and it was just as gross and wild in person."During a bank oversight hearing this week, Republican Rep. Trey Hollingsworth boasted that one of his staffers would soon be leaving Congress to work on Wall Street, offering a glimpse of the legalized corruption that permeates the highest levels of the U.S. political system.
"We will do that," responded Bank of America CEO Brian Moynihan."And her father already works for us."in a Twitter post Thursday that she"was in the room when this happened and it was just as gross and wild in person as it is here." "People rightly discuss conflicts of interest of members of Congress, but lobbying of senior staff is a huge part of the problem too," Ocasio-Cortez noted.
Donald Sherman, chief counsel at Citizens for Responsibility and Ethics in Washington, expressed a similar sentiment,The exchange between Hollingsworth and Bank of America's CEO provides a striking look at a phenomenon commonly known as the revolving door, which describes the seamless employment track from Congress to the industries lawmakers are tasked with regulating, and vice versa.
The revolving door between committees that oversee the nation's banks spins particularly fast: Many lawmakers and aides involved in crafting—and watering down—Wall Street regulations in the wake of the 2008 financial crash went on to
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