Bank Employing GOP House Leader’s Wife Got Bailout Bucks

[kpete]

Source: Pro Publica

Bank Employing GOP House Leader’s Wife Got Bailout Bucks
by Aram Roston, Special to ProPublica and Paul Kiel, ProPublica - January 23, 2009 1:49 pm EST

House Republican Whip Eric Cantor, a rising star in the Republican party, has been a prominent voice demanding accountability in how the government doles out hundreds of billions for bank bailouts.

"I think most American taxpayers now are sort of scratching their head," Cantor told CNN in December, "wondering when all this bailout stuff is going to end. And probably thinking, 'You know, when is my bailout coming?'"

This Thursday, Cantor cast a high-profile vote opposing release of another $350 billion in bailout funds. Unpublicized until now was a recent development: The Treasury Department used $267 million of taxpayer funds to buy preferred stock in a private banking company that employs Cantor's wife.

The bailout for New York Private Bank and Trust (NYPBT) came earlier this month as part of a Treasury Department program to boost "healthy banks" with extra capital. NYPBT is the holding company for Emigrant Bank, a savings bank with 35 branches in and around New York City. Diana Cantor runs the Virginia branch of Emigrant's wealth-management division, called Virginia Private Bank & Trust, which targets an ultra-rich clientele.

Read more: http://www.propublica.org/article/bank-employing-gop-ho...

[madrchsod]

1. a division that is`t open for business....

ya got to watch those "shifty people".

[Joanne98]

2. Hahahaha!

[K8-EEE]

3. YESSSSS!!!! OMG I CAN'T STOMACH THAT ASSHOLE!

BUSTED! couldn't have happened to a nicer guy......

[bertman]

4. Somebody please explain to me how this is different from fucking theft. Oh wait,

I know, Congress approved it so it must be legit.

This is why I hate these fucking people who supposedly represent OUR interests.

[Obamanaut]

6. And they are reelected at a rate of approximately 90%. nt

[bertman]

8. And that's even more sickening to contemplate.

[Optical.Catalyst]

19. The Republicans will tell you this is 'Hands On' work using bailout money to stimulate the economy

The Republicans are just being sure the money is spent correctly - by spending it themselves.

[Enthusiast]

35. Yes, if they don't get to direct spending

it is wrong. Hypocrisy!

[The Wizard]

5. Reattach his foreskin

with a staple gun, no anesthesia.

[4lbs]

7. Eric Cantor may also a religious issue to contend with.

Cantor is Jewish.

His wife is a director of Domino's Pizza chain, earning $400,000 per year.

What does pizza often have as a topping? Pepperoni.

What is pepperoni made out of? Pork and Beef sometimes.

Aren't the Jewish (and their family) supposed to stay away from pork products, and being involved with businesses that use pork products?

I hope Cantor's wife is making sure that the brands of pepperoni used at Domino's Pizza have no pork in them.

What about ham? Does Domino's Pizza allow ham as a topping? Do they use it in their "Supreme" offerings?

[xxqqqzme]

14. $400,000 for being on Domino's BoD???/

F*ck! that's a lot of crappy pizzas!

[Crowman1979]

18. Well Domino's was founded by a devout Catholic.

Pork aversion does not enter into that equation.

[Jambalaya]

32. Founded by a devout Catholic-now owned by devout Mormon

History
Bain Capital was founded in 1984 by Bain & Company partners Willard Mitt Romney, T. Coleman Andrews III, and Eric Kriss. In addition to the three founding partners, the early team included Fraser Bullock, Robert F. White, Joshua Bekenstein, Adam Kirsch, Stephen Pagliuca and Geoffrey S. Rehnert. Bain Capital's original $37 million fund was raised entirely from private individuals in mid-1984, led by Ricardo Poma, a Salvadoran businessman.

The firm's investment professionals evaluate potential deals based on a consulting-based due diligence process that analyzes a company's financial performance, market growth potential, industry attractiveness, and competitive position. One of the fund's first start-up investments was Staples, Inc., the $15 billion office supply retailer. The funding enabled Staples to expand from one store in 1986 to nearly 1,700 in 2006.

Twenty years after its inception, Bain Capital manages approximately $80 billion in assets, and has founded, acquired, or invested in hundreds of companies including AMC Entertainment, Brookstone, Burger King, Burlington Coat Factory, Domino's Pizza, DoubleClick, Guitar Center, HCA, Sealy, The Sports Authority, Toys R Us, Unisource, Warner Music Group and The Weather Channel.___________Wiki



Incidentally, Bain Capital along with two other firms owns Dunkin Donuts,too. Carlyle is in partnership with Bain,also.

Does this make Mrs. Cantor's recent financial largesse more easily understood,perhaps?

[Tansy_Gold]

21. It doesn't make any difference. Even if the pepperoni is made

with kosher beef --


YOU DON'T PUT IT ON PIZZA WITH CHEESE!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!












sheesh

[bulloney]

23. There was a time when a Jewish company owned Dinner Bell meats.

I don't know how much of the nation sold their brand of meats. But, they produced hot dogs and your typical pork product lunch meats. I always thought that was strange.

On another tangent: Does the word "hypocrisy" or the phrase "conflict of interest" ever enter these congress critters' minds? There's so much of this preaching from these a-holes and then you find out they're doing the very stuff they're preaching to us about.

I remember when Phil Gramm's wife was chair of the CFTC. Did that prevent the senator from voting on regulatory legislation on the CFTC? Are you kidding?

And how about Sen. Vitter? Mr. family guy who solicits hookers with his diapers on.

Geez!!!

I can certainly see why Cantor is considered a "rising star" in the Republican party. He's got the hypocrisy down pat.

[Politicalboi]

29. Or sausage

[Jambalaya]

9. Cantor Ain't Kosher

I posted this very same story9with kink0 yesterday afternoon on another thread.

The Cantor's WIFE may be required to do some singing,don'tcha think?

[Jambalaya]

11. oops!

i posted tisi very same story (with links) yesterday afternoon on another thread.

The Cantor's WIFE may be required to do some singing,don'tcha think?

[beac]

10. Cantor is scum. No surprise to find out he's hypocritical scum.

K&R-- and digg up the original article here:

http://digg.com/politics/GOP_House_Leader_s_Wife_Got_Ba...

[FreakinDJ]

12. RATpublicans just don't quit do they

[santamargarita]

13. Expose these GOP criminals and get their sorry asses off to jail!

Goddamn I hate these people!

[beac]

15. This is the most interesting paragraph from the article:

The Virginia Private Bank & Trust, a satellite opened this spring, is still getting off the ground. On Thursday, when ProPublica visited its small Richmond office in an office park not far from the Cantors' home, a sheet of white paper taped to the door served as its sign. One of the two employees there said the office had yet to serve a client since it opened last spring. She referred further queries to the bank's main office.

Sounds like Mrs. Cantor has herself a cushy no-show, no-work GOP mafia job!

[chollybocker]

26. The may as well have called it "Cantor's Laundromat"

because laundering seems to be all they do there.

[Jambalaya]

33. "Kosher Nostra"

.... small Richmond office in an office park not far from the Cantors' home, a sheet of white paper taped to the door served as its sign. One of the two employees there said the office had yet to serve a client since it opened last spring."

Doesn't this sound reminiscient of "Modus Madoff"?

[beac]

34. "Kosher Nostra"!!

[Doctor_J]

16. Put Cantor, his wife, and Paulson in prison for this

maybe the next wave of beneficiaries of my tax money will be a little more judicious with it.

[lonestarnot]

17. RepigliCONS at their finest, accepting bailout monies for nepotism and spousitism and richitism!

[BanTheGOP]

20. NANCY! Start a hearing IMMEDIATELY!

There are CRIMINAL CHARGES to consider here, not just banishment from the Congress! The culture of corruption will continue until ALL republicans are kicked out of congress, or rendered illegal through RICO statutes.

[Divine Discontent]

22. NOT EVEN A REAL JOB?

"On Thursday, when ProPublica visited its small Richmond office in an office park not far from the Cantors' home, a sheet of white paper taped to the door served as its sign. One of the two employees there said the office had yet to serve a client since it opened last spring."


What?

Sounds like an investigation is needed, now.

[samsingh]

24. gop corruption is only starting to come out

[Enthusiast]

36. The problem is, it is so massive. nt

[samsingh]

40. mindboggingly large

[ShortnFiery]

25. Oh how sweet it is!!!

The smarmy Representative (Eric Cantor, R-VA) is from my state.

But it's time for him to GO!

[bluesmail]

27. The un-ending GOP hypocrisy. n/t

[fascisthunter]

28. another RepubliCon Bites the Dust

[SalmonChantedEvening]

30. Cue the Dragnet music!

Last night was Friday. I'm still a cop.

[katandmoon]

31. Can you say "conflict of interest"????

[Enthusiast]

37. Conflict of interest

doesn't count-a Bushism.

[Belial]

38. This is only the TIP of the iceberg

I have seen several stories of bailouts going to some "friends" so to speak..

[natrat]

39. yea directly to "friends" accounts in nasau and the caymans

[Hotler]

41. kicking!

[No Elephants]

42. Hold up. Barack voted for funds for the hospital where Michelle worked, too. The

question is, did the vote have to do with the spouse? And how do you prove it, one way or another?

If I happen to work for a bank, does that mean my husband should never benefit that bank, even if all other banks are benefitting? Put another way, is Ms. Cantor's working there, in and of itself, a reason to deny this bank the same benefit all other similar banks are getting?

Was the hospital for which Michelle worked worthy? Probably. Question is, did it get more ONLY because she worked there and her dh was in the Senate?