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 [5], it is his policy advisor's clarification that Cantor "is not chasing money" that is most interesting.
In a few short words, he summed up just what the Washington elite really think about how the world works...
"Smarter people get that's not actually true. There have to be respectable men and women who run, quite frankly, the system."
Cantor, 51, started this month as a managing director and vice chairman of New York-based investment bank Moelis & Co., where he’ll earn more than $3.4 million by the end of next year.
Republicans and Democrats have mocked Cantor’s ties to the banking industry. Robert Reich, a labor secretary for President Bill Clinton, wrote on his Facebook page that the new job shows Washington and Wall Street’s “entrenched culture of mutual behind-kissing.” David Stockman, a head of President Ronald Reagan’s Office of Management and Budget, said on his website that Cantor’s legislative support for big business made him a “bagman for Wall Street.”
But perhaps the most damning comment of all...
“We’ve all enjoyed having Eric in the Congress,” Goldman Sachs President Gary Cohn told Bloomberg Television the day after the primary defeat.
