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Democratic Socialist Ocasio-Cortez Counts Big Bank, Private Equity Firm Among Top Donors

She might not like capitalism, but she cashes its checks.

UPDATE WITH CORRECTION: JP Morgan appears to have clarified their donations with Open Secrets. The money donated to Ocasio-Cortez came from individual donors employed or affiliated with JP Morgan Chase (either those who derive their primary income from the bank or their non-working spouse) and not from the bank itself.

Open Secrets has updated Ocasio-Cortez's profile to reflect this clarification.

Ocasio-Cortez's campaign will have received that employment information when a donation was collected. Daily Wire has requested clarification from Elevation Partners, as well. We regret the error.

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Democratic socialist and Congressional candidate Alexandria Ocasio-Cortez may rail against the evils of capitalism in her stump speeches, but her campaign, it seems, has been happily cashing checks from big banks and Wall Street private equity firms.

According to Open Secrets, Ocasio-Cortez's top donors are "Justice Democrats" — a Democratic socialist national organization — and the Soros-funded activist arm, MoveOn.org. But among her top ten donors are "big bank," J.P. Morgan Chase & Co., and Elevation Partners, "an American private equity firm that invests in intellectual property and media and entertainment companies."

The numbers don't add up to much — JP Morgan gave $3,399 to Ocasio-Cortez and she received around $2,700 from Elevation Partners — but her race isn't a magnet for big money. Even her top donor, Justice Democrats, has given only around $7,000, and it's still early in Ocasio-Cortez's campaign.

In fairness to Ocasio-Cortez, taking money from potential political opponents is common among ideological "socialists" within the Democratic Party.

Elizabeth Warren (D-MA) regularly cashes checks from corporations like AT&T and Comcast, newly-minted "Democratic socialist" and anti-ICE activist, Sen. Kirsten Gillibrand (D-NY) counts Bank of America, Morgan Stanley, the Blackstone Group, and even pharmaceutical giant Pfizer among her choice contributors. Sen. Bernie Sanders (I-VT) took money from Microsoft, Apple, IBM, Boeing, Amazon and health care giant Kaiser Permanente.

 
 
 

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