Anthony Weiner calls Sen. Warren's comments "overblown" and "petty"

[NYC_SKP]

5. Here's a link to Weiner's rant:

Pretty empty, he seems to take issue with Senator Warren's use of the "revolving door" metaphor.

Big deal. What a Weiner.

http://static2.businessinsider.com/image/53348d3a6da81116514d10e7-800-100/weiner!_03.jpg

In her interview with Katie Couric of Yahoo! News, Warren said Cantor's move was exemplary of a "revolving door" between D.C. and the finance world. She also suggested it was evidence of a disturbing phenomenon where "people in government are looking for that next job."

But is Cantor really sprinting through an unseemly “revolving door?” Well, it is a door and a lucrative one at that. But revolving? If he wants to return to politics, maybe his Wall Street connections will help him raise money for a future campaign, but fund raising has never been a problem for him. Also, going to an investment bank is probably one of the least helpful places to go because of fundraising rules that limit how much those in that industry can donate. And if the implication is that he is going to work in an industry he once regulated, well isn’t that true of literally every industry?

Warren went on to claim former politicians who go to Wall Street "head straight out into the industry, not because they bring great expertise and insight, but because they're selling access back in to their former colleagues who are still writing policy, who are still making laws."

Well, who wants to buy access to Members of Congress anyway? If Congress were a hotbed of lawmaking and problem solving, maybe you can argue that hiring one of their former leaders was a play at getting in that legislative pipeline. But today? Thanks to Eric Cantor, the House of Representatives is the absolute last place to turn if you wanted to accomplish something. And the law prohibits Cantor from contacting members or their staffs about legislation for a year.

Read more: http://www.businessinsider.com/elizabeth-warren-is-wrong-to-attack-politicians-on-wall-street-2014-9#ixzz3DbTxFS9w


http://www.businessinsider.com/elizabeth-warren-is-wrong-to-attack-politicians-on-wall-street-2014-9