In a recent interview with Katie Couric, Liz Warren criticized Eric Cantor's new $3.4 million dollar gig at a boutique investment bank and Washington's "revolving door" to Wall Street.
How wrong can this be? That basically what’s happening here is that people work in Washington and man, they hit that revolving door with a speed that would blind you and 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. I just think this is fundamentally the wrong approach and I think—it worries me about what happens if people in government are looking for that next job. You know, “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. I just think this is wrong. Just wrong.
The interview is over 20 minutes long and hits on many other points, including the minimum wage, foreign policy, Hillary Clinton, Ferguson, Missouri and more.
See the full interview below the fold.