Back in February 2010, House Minority Whip Eric Cantor (R-Va.) made a pitch to the titans of the financial services industry. "I sense a lot of dissatisfaction and a lot of buyer's remorse on Wall Street," the Virginia Republican said, referencing the industry's supposedly souring relationship with the Obama administration.
For a cynical observer, they appeared to be a signal that the GOP was prepared to do the financial services industry's bidding.
Either way, they appeared to have worked.
Cantor's office, pressed for comment, framed it as a natural marriage between like-minded free-enterprise theorists. [The good old "Free-market" defense. - B4L]
But David Donnelly, the national campaign director for the Public Campaign Action Fund, offered a more cynical take on the trend, going so far as to call on the office of Congressional Ethics to investigate Cantor for doing Wall Street's bidding.
"Whether Eric Cantor promised Wall Street that Republicans would stay bought might never be known. But what we do know is that in their efforts to fight financial regulation, Wall Street bet heavily on Cantor by giving large amounts of campaign money to him and his PAC -- much more so than in the past. It's another example of Washington's money problem: when legislation and fundraising mix, everyday Americans are shut out."