Wall Street Investment BANKER SUPPORTS BERNIE SANDERS, MSNBC, Hayfield Financial's Paul Ryan

[appalachiablue]

- 'BANKER FOR BERNIE' Speaks Out -

Oct. 27, MSNBC 'The Last Word' host Lawrence O'Donnell speaks with Wall Street investment banker Paul Ryan, managing partner of Hayfield Financial who explains that he's a supporter and contributor to Bernie Sanders campaign because of ECONOMICS.

Ryan says he thinks what's positive about Bernie Sanders is 'he's a good guy, he's good for economics, the 99% vs. the 1% really matters, he's going to do a little fiscal spending which is good and I think probably he's going to clean up Wall Street which we can all benefit from'.

In 1987 Ryan entered the financial industry at Barclay's Bank and discusses how since then the useful function and public good of banking became a SPECULATIVE MESS. He also talks about what some on Wall Street thought of DONALD TRUMP.

For this election, Ryan advises that 'VOTERS should READ a lot and understand it, look to who's paying for stuff and FOLLOW THE MONEY. He says when 'I look at someone like Hillary Clinton I'd look at the voters and at who's giving and why. They don't give that money and not expect something'. > Ryan thinks the way Bernie Sanders is funding his campaign is deeply meaningful.

Austan Goolsbee, former financial advisor adds remarks about what many working on Wall Street think of regulation and how it's becoming so much harder now to figure out where campaign money is coming from and going because of CITIZENS UNITED and SUPER PACS.
--------
*RELATED: Politico, 'WALL STREET BANKERS FOR BERNIE SANDERS', Oct. 26, 2015.
http://www.politico.com/magazine/story/2015/10/bernie-sander-bankers-wall-street-213295

The second and third quarters of Sanders' campaign finance report of DONOR rolls reveal that of ten of thousands contributors, *well over a hundred work in the financial service industry including RAUL RYAN of Hayfield Financial. They do not worship at the altar of the market, and having seen the American economic system from the inside;
> They've come to agree with SANDERS' conclusion that THE GAME IS RIGGED in favor of the well connected and a handful of big banks. Some also work at small Wall Street shops that could actually benefit if Sanders succeeded at his No. 1 GOAL: BREAKING UP THE BIGGEST BANKS.

Hillary Clinton has turned up her anti-Wall Street rhetoric as Sanders has gained ground, but her husband's administration deregulated the industry in the 90s, and she maintained good relations with it as a senator from New York. Today, she carries the seal of approval of Goldman Sachs CEO Lloyd Blankfein. The top 20 contributing organizations to Clinton include Morgan Stanley (whose employees have given $133,000), JP Morgan Chase ($97,000) and Bank of America ($90,000).
Meanwhile, no bank broke into Sanders top 20, which would require less than $7,700. Not a single one currently employed by Goldman Sachs chipped in for Sanders-- an impressive feat of restraint given that at least three current and former employees of the Koch brothers appear on his list of donor rolls. Continued at the link above..

[LiberalArkie]

1. This

[appalachiablue]

5. WS workers who know what's going on in the banking industry & support Sanders are good to see.

[LiberalArkie]

6. I think most of WS knows that the race to see who would be the first trillionaire

is killing the consumer class. Or already has in my viewpoint.

[appalachiablue]

8. They do realize what's happening since they see it from the inside like the Politco article

I added states. Many get the importance of Sanders stance on economics in the campaign and how critical this election is for all of us.

[LiberalArkie]

9. And they are scared as hell that a Republican will get into office.

[Thinkingabout]

2. Oh, no, money and support from a Wall Street Banker, well another argument out the window.

I knew Sanders had Wall Street connections.

[99th_Monkey]

4. Mr. Ryan is about as rare of a banker, as Bernie is a rare politician.

and for many of the same reasons, i.e. they do what they do to contribute to the larger collective.

so this endorsement makes a lot of sense.

[appalachiablue]

7. Two very wise people who realize what is happening to our economy and society. Amen.

[JDPriestly]

10. K&R.

Mr. Ryan is so right in my view. The function of banking is to channel money to businesses and individuals in a way that helps create a better society. The best, most ethical and most creative businesses make money when our business sector is fairly and effectively regulated so as to maximize honesty in business.

When, for example, a pharmaceutical company cheats, uses chemicals that are dangerous or past their use date and then sells that product, the product of unethical, unfair and harmful practices, to us, it puts our lives in danger. We easily recognize that is wrong.

Similarly, when banks are unethical and pursue methods of making profit that put our economy and thus our financial lives in jeopardy, they put commerce, our economy and ultimately our lives and the lives of our children in jeopardy.

Bernie Sanders has an independence from the banks, especially the too-big-to-fail banks, the corrupt revolving-door regulators, Wall Street, the commodities and our financial sector that makes him the best candidate for the economic health of our country.

Bernie Sanders, I believe, is the only candidate likely to appoint people to the regulatory agencies who, like him, are independent enough to bring ethics back into our business community.

Thanks to Mr. Ryan for stating his reasons for supporting Bernie Sanders so well.

It is not fair to ethical business leaders that we allow unethical practices to dominate in our business sector. When we allow that corruption, the ethical businesses fail and the unethical ones survive through trickery. We all lose when unethical business practices prevail, thrive and make more money than ethical ones.

We need Bernie Sanders to help us regulate business practices so that everyone plays on an even and healthy playing field. (At least to the extent possible.) We are far from that right now.

[Wilms]

11. ^

[liberal from boston]

12. Bernie

Loved this interview. Paul Ryan (Not the GOP Paul Ryan) is to be commended for pointing out that Wall Street does not give money without strings attached. The Presidential Campaign is in the early stages & I believe Bernie will become the Democratic Presidential Candidate & he CAN win!!!