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>> DEBT CEILING Latest News

JUN 11, 2014 - Business Insider

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Wall Street Lost A Friend Last Night

Last night, when Eric Cantor lost his seat as House Majority Leader, Wall Street lost a buddy. The kind of guy who bankers could hang out on K-Street with and then take to a steakhouse (Cantor spent $168,637 on them during his campaign, after all). The guy the industry could throw $1.2 million dollars in 2013 and 2014. But perhaps more important than any of that, when Cantor lost, Wall Street was yet again reminded that it faces horrible prospect of being attacked by populists on the left and the right. Cantor lost to a little-known economics professor and Ayn Rand disciple named Dave Brat. ... Read More

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