$$$ How Not To Regulate [The Atlantic] $$$ Ex-Pimco Money Manager Accused Firm of Price Manipulation [Bloomberg] $$$ Dimon Pep Talk Consoles Eric Cantor on Way to Wall Street [Bloomberg] $$$ Prison bankers cash in on captive customers...Show More Summary
So what is Eric "bagman for Wall Street" Cantor's new role as MD and Vice Chairman of Moelis & Co.? "He's going to be guiding people on how the world works," explains his former communications director. However, as Bloomberg reports, it is his policy advisor's clarification that Cantor "is not chasing money" that is most interesting. Show More Summary
Comprehensive immigration reform died a slow death in the 113th Congress, the final nail in its coffin being the surprise primary loss of House Majority Leader Eric Cantor (R-Va.). Immigration wasn't the only factor in Cantor's lossShow More Summary
Former congressman and New York City mayoral candidate Anthony Weiner and Sen. Elizabeth Warren (D-Mass.) -- two well-known liberal Democrats -- got in a war of words over whether former House Majority Leader Eric Cantor's move to Wall Street represents a "revolving door" between Congress and Wall Street.
When former House Majority Leader Eric Cantor (R-Va.) took a job with the investment bank Moelis & Co. earlier this month shortly after resigning his Congressional seat, he became the latest example of the tight-knit relationship between Wall Street and Washington. Show More Summary
Democratic Rep. Joe Garcia Leading Off: • FL-26: At long last, McLaughlin & Associates has come out of hiding after their epic Eric Cantor debacle sent them scurrying for the deepest, dankest spider-hole in North America. Amazingly,Show More Summary
Sen. Elizabeth Warren (D-Massachusetts) is quickly becoming a progressive leader, but when she took a run at former Republican Majority Whip Eric Cantor for going to work for a Wall Street firm, she was wrong. I agree with a lot of what Warren says. Show More Summary
By Lester Goh: A curious hire Earlier this week, it was announced that Eric Cantor, famed politician, will be joining the boutique investment bank, Moelis & Company (NYSE:MC), after suffering a surprising electoral defeat this year.Show More Summary
Eric Cantor's Cover Letter For His Ne... Former House Majority Leader Eric Cantor landed a new job at a major investment bank. Here is the cover letter that got him the job. Submitted by: Matt Klinman Regular Keywords: Eric Cantor revolving door investment bank corrupt moelis and company moellis moelis company cantor congress finance corruption Views: 25
From the GREAT STATE OF MAINE… Late Night Snark: Total Hodgepodge "Former House Majority Leader Eric Cantor has taken a new job at a Wall Street investment bank. Now he can finally have some influence in Congress." ---Stephen Colbert Farewell,...Show More Summary
I appear weekly on Mark Thompson's "Make It Plain" radio show on Sirius XM, and I frequently get callers who tell me the way to fix our political system is to "throw them all out." But that doesn't work, and I tell them why: It onlyShow More Summary
Senator Elizabeth Warren was talking about leaving congress faster than a speeding bullet to take a job on Wall Street. “This is wrong,” Warren told Katie Couric about Cantor’s new gig in an interview with Yahoo News. “People work in Washington and, man, they hit that revolving door with a speed that would blind you.” [...]
Once Eric Cantor's new salary and signing bonus were announced earlier this week, it was only a matter of time before some began arguing that the combined $5.4 million in the first two years was actually a pittance in disguise. That time is today.
The age of the Hot Take has also infected the financial press, as it seems like every media outlet had to feature some hastily arranged opinion piece this week on former House Majority Leader Eric Cantor becoming a vice chairman at boutique investment bank Moelis & Co. Show More Summary
In what is probably a surprise to no one, former House Majority Leader Eric Cantor has gone to Wall Street in the aftermath of his primary election defeat. Cantor will be working for Moelis & Co as vice chairman and managing director...Show More Summary
Sen. Elizabeth Warren (D-Massachusetts) took former House Majority Leader Eric Cantor to task on Wednesday for taking a new job from at investment bank Moelis. Cantor will ultimately earn $3.4 million as part of the package for his new...Show More Summary
Eric Cantor will be joining the investment bank Moelis & Company as a vice-chairman and managing director, with a compensation package of more than $1 million a year. The new job fits in nicely with the tea party’s claim that Cantor cared more about Wall Street than his own district. Show More Summary
Former politicians have been landing at financial firms for decades. But Cantor’s decision could represent a slight shift in power on Wall Street.