Tag Archive for Eric Cantor

How DC Insiders Help Wall Street

Former House Majority Leader Eric Cantor, R-Virginia, who was defeated in a GOP primary by a Tea Party challenger.

For years, the Washington-to-Wall-Street axis has sent campaign donations south to influence the shaping of financial legislation but the pipeline also has flowed the other way, shipping “actionable” insider information north to help stock traders, a scam examined by Michael Winship.

GOP Sees ‘Mob’ in Wall St. Protests

The Republican complaint that any talk about raising taxes on the rich is “class warfare” has now refocused on the protests against Wall Street greed as an example of “mob” rule, instigated by President Barack Obama. But Danny Schechter finds the GOP accusation absurd.