Eric Cantor Spins Through Wall Street's Revolving Door

In the revolving door derby, apparently a House Majority leader is worth less to Wall Street than a former SEC enforcement director or a US Department of Justice criminal prosecution chief.

Eric Cantor joining Moelis & Co

Former U.S. House Majority Leader Eric Cantor, credited with being a strong advocate for Wall Street interests, is joining Wall Street investment bank Moelis & Co (NYSE:MC) where an SEC filing shows he will receive $3.5 million after earning $193,400 last year as a Congressman.

Eric Cantor’s primary election loss to little-known economics professor, Republican David Brat, who in part campaigned against Cantor’s Wall Street ties, was said to have shocked Wall Street and DC elites. Cantor resigned...