:: Jan. 23 - A bank which received bailout money, employs the wife of House Republican Whip Eric Cantor. Bolding is mine. From PROPUBLICA:
House Republican Whip Eric Cantor , a rising star in the Republican party, has been a prominent voice demanding accountability in how the government doles out hundreds of billions for bank bailouts.
This Thursday, Cantor cast a high-profile vote opposing release of another $350 billion in bailout funds. Unpublicized until now was a recent development: The Treasury Department used $267 million of taxpayer funds to buy preferred stock in a private banking company that employs Cantor's wife.
The bailout for New York Private Bank and Trust (NYPBT)  came earlier this month as part of a Treasury Department program to boost "healthy banks" with extra capital. NYPBT is the holding company for Emigrant Bank , a savings bank with 35 branches in and around New York City. Diana Cantor runs the Virginia branch of Emigrant's wealth-management division, called Virginia Private Bank & Trust, which targets an ultra-rich clientele.
Hmm...and where exactly is your accountability re this direct conflict of interest, Mr. Cantor?
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