Posts tagged Eric Cantor
Holding Politicians Accountable
Dimon Pep Talk Consoles Eric Cantor on Way to Wall Street
“Eric Cantor sat in his Washington office in June after one of the biggest upsets in congressional history, getting encouragement from JPMorgan Chase & Co.’s Jamie Dimon, head of the largest U.S. bank.
"Dimon talked about being fired from another bank by his mentor before rebounding to an even better seat, according to two people who were there. He reassured the Virginia Republican that his career would be just fine, too.”
How wrong can this be? Basically what is happening here is that people work in Washington, and man, they hit that revolving door with a speed that would blind you.
Eric Cantor Joins Wall Street (Officially)
Former House Majority Leader Eric Cantor (R-Va.), who lost his primary election this year partially due to his closeness to Wall Street and big donors, will join investment bank Moelis & Company.
The company’s founder, who announced the hire, maxed out to the congressman this cycle, according to the Center for Responsive Politics:
During his time in Congress, Cantor received over $3 million in campaign contributions from donors and PACs at securities and investment firms and $8.9 million from the financial sector overall.
Cantor will receive a $1.4 million sign-on bonus and $2 million in annual pay, according to the Financial Times.
You’re entertaining donors that expect to be treated like royalty. It’s another symbol that the big money fundraising system creates an out of touch Congress.
Eric Cantor's Loss is Also About DC Corruption | Public Campaign Action Fund
Immigration? Maybe, but the guy who beat House Majority Leader Eric Cantor last night also spent a lot of time talking about corruption. Read more >
Politico: Eric Cantor, Paul Ryan headline Koch summit
Rep. Paul Ryan, House Majority Leader Eric Cantor and New Mexico Gov. Susana Martinez secretly spoke to wealthy donors at the Koch brothers’ recently concluded summer gathering on the outskirts of Albuquerque.“
Related: Koch Industries recently hired a former Cantor aide to lobby against a carbon tax.
CANTOR TO BALLPARK: House Majority Leader Eric Cantor is hosting his annual “Day at the Park Event,” Tuesday at Nationals Park according to a fundraising invite circulating on K Street. The event for Cantor’s ERIC PAC features “batting and pitching cages, arts & crafts, face painting, bouncy houses, live music and much more.” Cost to attend: Co-hosts $2,500 per PAC or $1,500 per PAC or $500 per individual to attend.
A cookie to anyone who gets a picture of Cantor in the bouncy house.