(CNN) -- After an unexpected loss in the Republican primary, former House Majority Leader Eric Cantor resigned from Congress and nabbed the brass ring: A lucrative vice chairmanship at boutique investment firm Moelis & Co., along with a slot on its board of directors. The ex-representative for Virginia's 7th Congressional District will be making at least $1.6 million next year in addition to a hefty signing bonus.
The revolving door to Wall Street is a fact of political life in Washington and won't change anytime soon. That's still no excuse for ignoring it.
According to the Center for Responsive Politics, at least a dozen lawmakers have left public office since 2007 to work for Wall Street firms with a lobbying presence in Washington -- often heading up their D.C. operations, as Cantor will be doing.
http://www.cnn.com/2014/09/04/opinion/krumholz-cantor-revolving-door/index.html