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Eric Cantorís loss a blow to Wall Street
Market Watch ^ | June 12, 2014 | By Brody Mullins

Posted on 06/12/2014 6:51:59 AM PDT by Oldeconomybuyer

Wall Street has many friends in Washington, but House Majority Leader Eric Cantor was a well-placed one who understood how the industry worked and was not afraid to help the financial-services sector, even when he had to take on other members of his own party.

Cantor’s loss in Tuesday’s Republican primary puts a big hole in Wall Street’s Washington Rolodex.

Since he was first elected to Congress, Cantor, a Virginia Republican, has been Wall Street’s go-to guy on issues big and small. His first committee assignment was on Financial Services Committee where he became steeped in policy matters that affected the industry.

His wife once worked for Goldman Sachs Group Inc., he was a top recipient of Wall Street donations and he regularly stood up for the banks, securities firms and insurance companies.

His defeat will create new uncertainty for pending legislation backed by Wall Street. Cantor in the past had bypassed conservative Republicans and worked with Democrats to approve a bill to reauthorize the Export-Import Bank.

(Excerpt) Read more at marketwatch.com ...


TOPICS: Business/Economy; News/Current Events; Politics/Elections; US: Virginia
KEYWORDS: cantor; election2014; primaryloss; wallstreet; wallstreete

1 posted on 06/12/2014 6:51:59 AM PDT by Oldeconomybuyer
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To: Oldeconomybuyer
No, Cantor's loss was a loss to Corporate Cronyism.

Brat will be much better for Wall Street and more importantly, the Citizens that these politicians were meant to represent.
2 posted on 06/12/2014 6:53:47 AM PDT by SoConPubbie (Mitt and Obama: They're the same poison, just a different potency)
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To: Oldeconomybuyer

I’ve already said there would be an orchestrated collapse of the economy after a big repub win in November.

Dems will blame the collapse on the repub win and repubs will claim it’s Obama’s economy.

Hillary will say both dem and repub approach to the economy have shown to be failures and a “Third Way” is needed.


3 posted on 06/12/2014 7:01:40 AM PDT by IMR 4350
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To: Oldeconomybuyer

I think too much is made of this. Eric Cantor’s loss was a loss to Eric Cantor. But not a huge loss. Cantor will move on to some cake position on K street and make an obscene amount of money.

It was a loss to Boehner who will find his next 2nd in line less agreeable to the GOPe ways. The rest of the political class will see this as a miscalculation by Cantor, and not really anything to worry about.

Cantor was an unlikable, smarmy politician who went Washington. Cantor forgot that he had a district that he was supposed to at least pretend to care about.

It will take many more Cantors before the political class begins to take notice.


4 posted on 06/12/2014 7:09:36 AM PDT by brownsfan (Behold, the power of government cheese.)
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To: SoConPubbie

In an oligarchy, no politician is good for the people, only to the masters, the rich, the powerful, the well connected and their enforcers.


5 posted on 06/12/2014 7:10:02 AM PDT by The_Republic_Of_Maine (Be kept informed on Maine's secession, sign up at freemaine@hushmail.com)
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To: The_Republic_Of_Maine

Memo to ALL politicians...Madame Guillotine plays no favorites.


6 posted on 06/12/2014 7:11:37 AM PDT by Don Corleone ("Oil the gun..eat the cannoli. Take it to the Mattress.")
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To: Oldeconomybuyer

His wife once worked for Goldman Sachs Group Inc., he was a top recipient of Wall Street donations and he regularly stood up for the banks, securities firms and insurance companies.
_______________________________________________________________________________________________________________________________________________________________________________________

Why, hell yeah. I guess he did stand up for the guys who were greasing his palm and paying his wife a big salary. GOOD RIDDANCE!


7 posted on 06/12/2014 7:12:04 AM PDT by Din Maker (Susana Martinez in 2016! Governor, Conservative, Female and Hispanic.)
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To: Oldeconomybuyer
Eric Cantor’s loss a blow to Wall Street Crony-Fascists

Fixed it.

8 posted on 06/12/2014 7:12:37 AM PDT by E. Pluribus Unum ("The more numerous the laws, the more corrupt the government." --Tacitus)
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To: Oldeconomybuyer
Unlike so many Luddites out there, I want Wall Street to do well, but not by looting Main Street.
9 posted on 06/12/2014 7:17:13 AM PDT by Vigilanteman (Obama: Fake black man. Fake Messiah. Fake American. How many fakes can you fit in one Zer0?)
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To: All
Loser Cantor, a Virginia Republican, (a) was Wall Street’s go-to guy; (b) he served on the Financial Services Committee where he became steeped in policy matters that affected the industry; (c) his wife once worked for the uber-Goldman Sachs Group Inc; (d) he was a top recipient of Wall Street donations, and, (e) he regularly stood up for the banks, securities firms and insurance companies.

Cantor copped the arrogant "we got it made" attitude. He had a war chest of $5 million dollars and was backed by dozens of Super-pacs.....to no avail.

=================================================

The Congress-Amnesty-Wall Street-Big Business-apparat is becoming clearer by the day. Breitbart reports the mega-rich George Soros, the politically-connected Mark-Zuckerberg, are colluding w/ wealthy and politically-connected individuals to foist amnesty on struggling Americans. The Chamber of Commerce's business interests are organized against Americans--- aiding and abetting the "amnesty cabal."

Cantor's loss was a HUGE slapdown of the "amnesty apparat" since he had aligned himself w/ the amnesty forces of "wealth and privilege"........colluding to foist amnesty on struggling Americans.....a major reason for his stunning loss.

=================================================

Americans are struggling, some have no jobs, some in jobs w/ stagnating salaries. But the "amnesty cabal" is conspiring against Americans-----to take their jobs, their livelihoods, and give them to people who do not even belong here....who broke laws to violate our borders.

============================================

It was a slap in the face of every law-abiding American that the Guatemalan Counsel complained about the conditions the children were being kept in US facilities.....as Obama colluded w/ the Third World and was jet-streaming aid in the form of legal assistance and billions of tax dollars.

This is an outrage---the swarm of illegals at the border have TWO governments looking after their interests.....

================================================

Struggling Americans have NOT EVEN ONE govt protecting their interests.......only the "amnesty cabal" and the forces of of "wealth and privilege" conspiring against them.

10 posted on 06/12/2014 7:18:25 AM PDT by Liz
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To: Oldeconomybuyer

Wall street and silicon valley are lobbyists for open borders and cantor was there buddy, Mark Zuckerberg is a buddy of Cantor and hes one of the biggest player in pimping open borders


11 posted on 06/12/2014 7:20:19 AM PDT by The Right wing Infidel
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To: Oldeconomybuyer

Yeah Wall Street big shots lost a blow alright.


12 posted on 06/12/2014 7:27:34 AM PDT by dblshot (I am John Galt.)
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To: Oldeconomybuyer

Cry us a river.


13 posted on 06/12/2014 7:44:45 AM PDT by onedoug
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To: E. Pluribus Unum

Eric Cantor’s loss a blow to Wall Street Crony-Fascists”””

Steak house restaurants...

Fixed it.


14 posted on 06/12/2014 7:47:04 AM PDT by ridesthemiles
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To: brownsfan

“Cantor was an unlikable, smarmy politician who went Washington. Cantor forgot that he had a district that he was supposed to at least pretend to care about.”

That pretty much sums it up.


15 posted on 06/12/2014 8:20:27 AM PDT by riverdawg
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