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kpete Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jan-24-09 11:41 AM
Original message
Bank Employing GOP House Leaderís Wife Got Bailout Bucks
Edited on Sat Jan-24-09 11:42 AM by kpete
Source: Pro Publica

Bank Employing GOP House Leaderís 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...
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madrchsod Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jan-24-09 11:47 AM
Response to Original message
1. a division that is`t open for business....
ya got to watch those "shifty people".
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Joanne98 Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jan-24-09 11:49 AM
Response to Original message
2. Hahahaha!
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K8-EEE Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jan-24-09 12:07 PM
Response to Original message
3. YESSSSS!!!! OMG I CAN'T STOMACH THAT ASSHOLE!
BUSTED! couldn't have happened to a nicer guy......
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bertman Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jan-24-09 12:10 PM
Response to Original message
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.

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Obamanaut Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jan-24-09 12:52 PM
Response to Reply #4
6. And they are reelected at a rate of approximately 90%. nt
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bertman Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jan-24-09 12:55 PM
Response to Reply #6
8. And that's even more sickening to contemplate.
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Optical.Catalyst Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jan-24-09 02:31 PM
Response to Reply #4
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.
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Enthusiast Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jan-24-09 11:58 PM
Response to Reply #19
35. Yes, if they don't get to direct spending
it is wrong. Hypocrisy!
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The Wizard Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jan-24-09 12:40 PM
Response to Original message
5. Reattach his foreskin
with a staple gun, no anesthesia.
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4lbs Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jan-24-09 12:53 PM
Response to Original message
7. Eric Cantor may also a religious issue to contend with.
Edited on Sat Jan-24-09 12:56 PM by SurferBoy
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?
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xxqqqzme Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jan-24-09 01:38 PM
Response to Reply #7
14. $400,000 for being on Domino's BoD???/
F*ck! that's a lot of crappy pizzas!
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Crowman1979 Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jan-24-09 01:59 PM
Response to Reply #7
18. Well Domino's was founded by a devout Catholic.
Pork aversion does not enter into that equation.
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Jambalaya Donating Member (359 posts) Send PM | Profile | Ignore Sat Jan-24-09 09:36 PM
Response to Reply #18
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?
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Tansy_Gold Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jan-24-09 02:49 PM
Response to Reply #7
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
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bulloney Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jan-24-09 03:31 PM
Response to Reply #7
23. There was a time when a Jewish company owned Dinner Bell meats.
Edited on Sat Jan-24-09 03:37 PM by bulloney
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.
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Politicalboi Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jan-24-09 06:24 PM
Response to Reply #7
29. Or sausage
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Jambalaya Donating Member (359 posts) Send PM | Profile | Ignore Sat Jan-24-09 12:56 PM
Response to Original message
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?
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Jambalaya Donating Member (359 posts) Send PM | Profile | Ignore Sat Jan-24-09 12:58 PM
Response to Reply #9
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?
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beac Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jan-24-09 12:56 PM
Response to Original message
10. Cantor is scum. No surprise to find out he's hypocritical scum.
Edited on Sat Jan-24-09 12:57 PM by beac
K&R-- and digg up the original article here:

http://digg.com/politics/GOP_House_Leader_s_Wife_Got_Ba...
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FreakinDJ Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jan-24-09 01:09 PM
Response to Original message
12. RATpublicans just don't quit do they
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santamargarita Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jan-24-09 01:15 PM
Response to Original message
13. Expose these GOP criminals and get their sorry asses off to jail!
Goddamn I hate these people!
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beac Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jan-24-09 01:50 PM
Response to Original message
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!
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chollybocker Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jan-24-09 04:12 PM
Response to Reply #15
26. The may as well have called it "Cantor's Laundromat"
because laundering seems to be all they do there.
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Jambalaya Donating Member (359 posts) Send PM | Profile | Ignore Sat Jan-24-09 10:24 PM
Response to Reply #15
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"?
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beac Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jan-24-09 11:14 PM
Response to Reply #33
34. "Kosher Nostra"!!
:rofl:
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Doctor_J Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jan-24-09 01:55 PM
Response to Original message
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.
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lonestarnot Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jan-24-09 01:59 PM
Response to Original message
17. RepigliCONS at their finest, accepting bailout monies for nepotism and spousitism and richitism!
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BanTheGOP Donating Member (596 posts) Send PM | Profile | Ignore Sat Jan-24-09 02:44 PM
Response to Original message
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.
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Divine Discontent Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jan-24-09 02:57 PM
Response to Original message
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.
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samsingh Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jan-24-09 03:41 PM
Response to Original message
24. gop corruption is only starting to come out
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Enthusiast Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Jan-25-09 12:00 AM
Response to Reply #24
36. The problem is, it is so massive. nt
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samsingh Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Jan-25-09 09:46 AM
Response to Reply #36
40. mindboggingly large
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ShortnFiery Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jan-24-09 04:02 PM
Response to Original message
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! :party:


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bluesmail Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jan-24-09 05:08 PM
Response to Original message
27. The un-ending GOP hypocrisy. n/t
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fascisthunter Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jan-24-09 06:17 PM
Response to Original message
28. another RepubliCon Bites the Dust
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SalmonChantedEvening Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jan-24-09 07:30 PM
Response to Original message
30. Cue the Dragnet music!
Last night was Friday. I'm still a cop.

:)
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katandmoon Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jan-24-09 07:55 PM
Response to Original message
31. Can you say "conflict of interest"????
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Enthusiast Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Jan-25-09 12:01 AM
Response to Reply #31
37. Conflict of interest
doesn't count-a Bushism.
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Belial Donating Member (503 posts) Send PM | Profile | Ignore Sun Jan-25-09 07:34 AM
Response to Original message
38. This is only the TIP of the iceberg
I have seen several stories of bailouts going to some "friends" so to speak..
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natrat Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Jan-25-09 08:50 AM
Response to Reply #38
39. yea directly to "friends" accounts in nasau and the caymans
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Hotler Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Jan-25-09 12:51 PM
Response to Original message
41. kicking!
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No Elephants Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-26-09 05:58 AM
Response to Original message
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?
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