Eric Cantor Cashes In On Wall Street

The tea party's reaction to news that ousted House Majority Leader Eric Cantor (R-Va.) is headed to Wall Street can be summed up in three words: told ya so.

"After Dave Brat's upset victory in June, many analysts accused Eric Cantor of paying more attention to Wall Street than to the people of Virginia's 7th district. He certainly didn't waste any time validating that theory," Kevin Broughton, a spokesman for the Tea Party Patriots Citizens Fund, said in a Tuesday statement.

Cantor, who was defeated by tea party-backed Dave Brat in a Republican primary election, is joining investment bank Moelis & Co. as vice chairman and managing director. He stands to earn $3.4 million in cash and stocks as a signing bonus, with $1.2 million guaranteed in just his first year. That's worth a lot more steaks than the $174,000 a year salary Cantor earned as a member of Congress.

Full story: http://www.huffingtonpost.com/2014/09/02/tea-party-eric-cantor_n_5752924.html