Eric Cantor cashes in with new Wall Street job

Eric Cantor, the former House Majority Leader, lost his old job in a stunning defeat to a Tea Party challenger in Virginia’s Republican primary earlier this year. Cantor, like many Washington insiders before him, is going to Wall Street. Boutique investment bank Moelis & Co. announced Tuesday that Cantor, 51, will be joining as vice chairman and managing director, and would also be elected to the company’s board. “Eric’s judgment and tremendous experience will expand the capabilities our team brings to clients around the world as he has unique expertise in assessing complex situations and crafting innovative solutions,” Ken Moelis, the chairman and CEO of the eponymous investment bank, said in a statement.

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