Only in America

Posted: 15 November 2014 in Uncategorized
Tags: , , ,

cjones09032014

The current investigation of insider trading related to Medicare rates is a reminder of this little gem: the person who stripped the 2012 Stop Trading on Congressional Knowledge Act of any restrictions on so-called political intelligence firms was none other than the former House majority leader Eric Cantor.

Eric Cantor, the former House majority leader, who after losing his Republican primary race this summer in Virginia joined the Wall Street investment bank Moelis & Company, where he will earn at least $3.4 million over the next two years, according to regulatory filings, for what observers in Washington say could well involve providing political intelligence for the firm’s clients.

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