- Some of
Wall Street 's most prominent names have donated thousands of dollars to Alexandra Ocasio-Cortez's opponent in the upcoming Democratic primary in New York, data from the FEC shows. - As first reported by the Financial Times, names including Goldman Sachs CEO David Solomon, and Blackstone CEO Steve Schwarzman have given to Michelle Caruso-Cabrera.
- Caruso-Cabrera, a former CNBC journalist, takes Ocasio-Cortez on in a primary in New York's 14th congressional district on 23 June.
- While she has the backing of Wall Street behemoths, Caruso-Cabrera trails AOC significantly in the fundraising stakes, raising just over $2 million, compared to Ocasio-Cortez's $10.5 million.
Some of Wall Street's most prominent names have donated thousands of dollars to Alexandra Ocasio-Cortez's opponent in the upcoming Democratic primary in New York, data from the FEC shows.
$4shows that donors including Goldman Sachs' CEO David Solomon, Blackstone's Stephen Schwarzman, and hedge fund behemoth Paul Tudor Jones have given to the campaign of Michelle Caruso-Cabrera.
Caruso-Cabrera, a former CNBC reporter, is going up against Ocasio-Cortez to secure the Democratic nomination for New York's 14th congressional district on June 23.
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The primary is significant as it would pave the way for the winner to be the favorite for the election taking place in November as the 14th district — which covers the eastern part of the Bronx and much of northern Queens — is a Democratic stronghold.
Stephen Schwarzman, co-founder of Blackstone has donated $2,800 to Cabro-Cabrera's campaign. A further five Blackstone employees have donated the same amount to her campaign as well.
David Solomon, chief executive of Goldman Sachs also backed Caruso-Cabrera to the tune of $2,800, along with three other Goldman employees.
Paul Tudor Jones, the billionaire founder of the Tudor Investment Corporation also gave $2,800 to Caruso-Cabrera's campaign.
A number of other donors to Caruso Cabrera's campaign include staff at Wall Street firms including Evercore, Elliott Management, and Apollo Global Management.
Caruso-Cabrera has raised just over $2 million so far, while Ocasio-Cortez's campaign has received more than $10.5 million, FEC data shows.
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The median size of Ocasio Cortez'
Republican economist Larry Lindsey, told the FT: "Michelle knows more about the world and how things work than probably a solid majority of Congress."
Caruso-Cabrera has been a controversial figure in the Democratic race as she was registered as a Republican until 2015.
She authored a book called "You Know I'm Right: More Prosperity, Less Government" in 2010 where she claimed Ronald Reagan, a Republican who served as president from 1981 to 1990, was her favourite president of all time.
Ocasio-Cortez told the FT: "It's not surprising that Republicans would finance the campaign of a life-long Republican in a Democratic primary."
She added: "While we have pushed against corporate power with policies that favour everyday working Americans, those donors prefer to bankroll a candidate who answers to Wall Street over the needs of our constituents."
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