This is Senator Elizabeth Warren on Eric Cantor. Cantor, the former House majority leader who lost his latest reelection in an upset, recently took a lucrative job with a Wall Street investment firm.
“[They] 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,” she continued. “I just think this is fundamentally the wrong approach.”
Warren, who has become known for her criticism of Wall Street, said this phenomenon ultimately “infects” Washington politics.
“It worries me about what happens if people in government are looking for that next job: ‘Yeah I’m working now, not as much money as I could be making, but when I leave here, that’s where I’m headed.’ That ultimately infects whatever it is that they’re doing,” she said. “I think this is just wrong.”
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