“Eric Cantor sat in his Washington office in June after one of the biggest upsets in congressional history, getting encouragement from JPMorgan Chase & Co.’s Jamie Dimon, head of the largest U.S. bank.

Dimon talked about being fired from another bank by his mentor before rebounding to an even better seat, according to two people who were there. He reassured the Virginia Republican that his career would be just fine, too.

He was right. Cantor, 51, started this month as a managing director and vice chairman of New York-based investment bank Moelis & Co. (MC), where he’ll earn more than $3.4 million by the end of next year. With former White House officials and a Tea Party spokesman calling Cantor a sellout, half a dozen people close to him described his new Wall Street life as an extension of his principles rather than a betrayal of them.”* The Young Turks host Cenk Uygur breaks it down.

*Read more here from Max Abelson / Bloomberg:
http://www.bloomberg.com/news/2014-09-30/dimon-pep-talk-consoles-eric-cantor-on-way-to-wall-street.html

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