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“All of the investment banks, up in New York and D.C., they should have gone to jail.” That isn’t a quote from an Occupy Wall Street protester or Senator Elizabeth Warren. That’s a common campaign slogan repeated by Dave Brat, the Virginia college professor who scored one of the biggest political upsets in over a century by defeating Majority Leader Eric Cantor in the Republican primary last night. The national media is buzzing about Brat’s victory, but for all of the wrong reasons.

Did the Tea Party swoop in and help Brat, as many in the Democratic Party are suggesting? Actually, the Wall Street Journal reports no major Tea Party or anti-establishment GOP group spent funds to defeat Cantor. Did Cantor, the only Jewish Republican in Congress, lose because of his religion, as some have suggested? There’s no evidence so far of anti-Semitism during the campaign. Was Cantor caught flatfooted? Nope; Cantor’s campaign spent close to $1 million on the race and several outside advocacy groups, including the National Rifle Association, the National Realtors Association and the American Chemistry Council (a chemical industry lobbying association) came in and poured money into the district to defeat Brat. The New York Times claims that Brat focused his campaign primarily on immigration reform. Brat certainly made immigration a visible topic in his race, but Republic Report listened to several hours of Brat stump speeches and radio appearances, and that issue came up far less than what Brat called the main problem in government: corruption and cronyism. Brat told Internet radio host Flint Engelman that the “number one plank” in his campaign is “free markets.” Brat went on to explain, “Eric Cantor and the Republican leadership do not know what a free market is at all, and the clearest evidence of that is the financial crisis … When I say free markets, I mean no favoritism to K Street lobbyists.” Banks like Goldman Sachs were not fined for their role in the financial crisis — rather, they were rewarded with bailouts, Brat has said.

rat, who has identified with maverick GOP lawmakers like Representative Justin Amash of Michigan, spent much of the campaign slamming both parties for being in the pocket of “Wall Street crooks” and D.C. insiders. The folks who caused the financial crisis, Brat says, “went onto Obama’s rolodex, the Republican leadership, Eric’s rolodex.” During several campaign appearances, Brat says what upset him the most about Cantor was his role in gutting the last attempt at congressional ethics reform. “If you want to find out the smoking gun in this campaign,” Brat told Engelman, “just go Google and type the STOCK Act and CNN and Eric Cantor.” (On Twitter, Brat has praised the conservative author Peter Schweizer, whose work on congressional corruption forced lawmakers into action on the STOCK Act.) The STOCK Act, a bill to crack down on insider trading, was significantly watered down by Cantor in early 2012. The lawmaker took out provisions that would have forced Wall Street “political intelligence” firms to register as traditional lobbyists would, and removed a section of the bill to empower prosecutors to go after public officials who illegally trade on insider knowledge. And Brat may be right to charge that Cantor’s moves on the STOCK Act were motivated by self interest. Cantor played a leading role in blocking legislation to fix the foreclosure crisis while his wife and his stock portfolio were deeply invested in mortgage banks.

So who would have an interest in getting rid of Petraeus? Here’s where the Cantor connection comes in. The tip by an anonymous “FBI employee” that wound up in Cantor’s office two weeks ago came through Rep. David Reichert, Republican of Washington state, who has a friend who knows the whistleblower. Cantor then spoke to the whistleblower directly, who put him in touch with FBI Director Mueller. Cantor is a great friend of Israel, and Petraeus — not so much. The General was attacked, as you’ll recall, by partisans of the Lobby, including Abe Foxman, when he delivered testimony before Congress citing Israel as a strategic liability in the Middle East. As the executor of the new Obamaite policy of sidling up to Islamists, not only in Libya but also in Syria and Egypt, Petraeus was no doubt seen by the Israelis as an enemy to be neutralized.

Broadwell’s affiliation with the Jebsen Center, and the Center’s connection to the neoconservative network, sets the scene: a young, attractive woman with impeccable national security credentials throws herself at Petraeus, and he takes the bait. Whether she’s been recruited by a foreign intelligence agency at this point or not is irrelevant: he’s already put himself in a vulnerable position, and there are any number of actors on the international stage more than willing to press their advantage. Will we ever know the full story? At this point, the story is so hot that it may burn the cover story — “it’s all about sex” — right off the wrapper. Because there’s more — a lot more — here than meets the eye. When Cantor pledged to Israeli Prime Minister Benjamin Netanyahu that he and his fellow Republicans “will serve as a check on the administration” in regard to the President’s policy toward Israel, he was clearly aligning himself with a foreign leader against American interests as perceived by the White House. But would he really go this far — deliberately taking down a key figure, one beloved by Republicans, in order to keep his promise to Netanyahu?

Update: This morning [11/12/12] the New York Times reports: “F.B.I. agents interviewed Ms. Broadwell for the first time the week of Oct. 21, and she acknowledged the affair, a government official briefed on the matter said. She also voluntarily gave the agency her computer. In a search, the agents discovered several classified documents, which raised the additional question of whether Mr. Petraeus had given them to her. She said that he had not. Agents interviewed Mr. Petraeus the following week. He also admitted to the affair but said he had not given any classified documents to her. The agents then interviewed Ms. Broadwell again on Friday, Nov. 2, the official said.”

The House voted Wednesday to hold former IRS official Lois Lerner in contempt of Congress and to instruct the Justice Department to probe her for criminal charges. The actions mark the culmination of two simultaneous committee investigations into allegations that Lerner knowingly presided over the improper targeting of conservative outside groups seeking tax-exempt status with the agency, including stalling the application process and giving special scrutiny to organizations that appeared to be affiliated with the tea party movement.

One resolution (H Res 574), agreed to on a 231-187 vote, will make Lerner the sixth public official since 1982 to be held in contempt for her refusal to testify before the Oversight and Government Reform Committee. Lerner cited her Fifth Amendment right to remain silent in an appearance last year. The other resolution (H Res 565), referred by the Ways and Means Committee and supported Wednesday by a 250-168 vote, would call upon Attorney General Eric H. Holder Jr. to appoint a special prosecutor to evaluate whether Lerner should face criminal charges on specific counts of misconduct related to the scandal. Neither resolution is likely to yield results: The Justice Department is actually under no obligation to appoint a special counsel, and the criminal contempt statute says the U.S. attorney has a “duty” to convene a grand jury in an event of a contempt citation, but it doesn’t appear to be mandatory.