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Alexandria Ocasio-Cortez weighs in on the Taylor Swift music feud and takes aim at private equity firms


Added 11-16-19 02:14:03am EST - “The congresswoman has previously voiced support for retail workers ?" and in this case, pop music stars ?"who are impacted by leveraged buyouts.” - Businessinsider.com

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Posted By TheNewsCommenter: From Businessinsider.com: “Alexandria Ocasio-Cortez weighs in on the Taylor Swift music feud and takes aim at private equity firms”. Below is an excerpt from the article.

Rep. Alexandria Ocasio-Cortez wight in on Taylor Swift's fight for ownership of her old music, defending the musician and attacking an opponent of her own: private equity groups.

"Private equity groups' predatory practices actively hurt millions of Americans," Ocasio-Cortez wrote in a tweet. "Their leveraged buyouts have destroyed the lives of retail workers across the country, scrapping 1+ million jobs. Now they're holding [Swift's] own music hostage. They need to be reigned in."

"It doesn't stop at music," the congresswoman continued. "For people w/ friends or family who worked in retail & suddenly laid off or hours deeply cut (Toys R' Us, Sears, Sports Authority, etc) & sometimes stripped of severance, that goes back to PE as well. 1+ million jobs destroyed."

On Thursday, Swift posted a lengthy statement on Twitter and Tumblr accusing music mogul Scooter Braun and Scott Borchetta, who founded her former label Big Machine Records, of impeding her upcoming performance at the American Music Awards.

She also claimed that Braun and Borchetta are preventing her from using her old music in an upcoming Netflix documentary because it violates their agreement that Swift cannot re-record her old records until next year.

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