January 30th, 2009
03:10 PM ET

Bank employing GOP House leader’s wife got bailout bucks

[cnn-photo-caption image=http://i2.cdn.turner.com/cnn/2009/POLITICS/01/16/cantor.stimulus/art.cantor.house.o.reps.jpg]Aram Roston and Paul Kiel

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.

"I think most American taxpayers now are sort of scratching their head," Cantor told CNN in December, "wondering when all this bailout stuff is going to end. And probably thinking, 'You know, when is my bailout coming?'"

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.

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Filed under: 360° Radar • Aram Roston • Bailout Turmoil • Economy • Paul Kiel • Republicans