When former House Majority Leader Eric Cantor (R-Va.) took a job with the investment bank Moelis & Co. earlier this month shortly after resigning his Congressional seat, he became the latest example of the tight-knit relationship between Wall Street and Washington. In an interview, I called this out for what it is: another sign that the revolving door still spins freely in Washington. Cantor had little experience in financial services, and the value of people like him to Wall Street firms is influence peddling, plain and simple.
Wall Street's outsized influence in our nation's capital is something I've talked about for a long time -- long before I even thought about running for office. But where I see a problem -- an infestation, really -- a lot of others in Washington, both Democrats and Republicans, seem to see government working just fine.
