Tea Party Role Models: Eric Cantor Is The Hedge Fund Industry’s Man In Washington
Eric Cantor is the hedge funder’s man in Washington.
With Cantor “leading the opposition to any deal that includes higher taxes” in the debt ceiling fight, it “represents a major coup for sectors of the investment community that Cantor has been striving to assist for years,” according to the Washington Post.
When Cantor abandoned debt talks with Vice President Biden earlier in July, one of the main reasons was because Cantor didn’t want to budge on hedge fund and private equity proposals, much to the joy of money managers around the country.
Cantor is a huge beneficiary of donations from Wall Street, attracting about $2 million from hedge fund, private equity, real estate and securities firms in 2010 alone.