No one should be surprised by this, particularly since Wells Fargo is the favored financial vehicle for America’s top crony capitalist – Warren “I’m just like you because I drink cherry coke and eat hamburgers” Buffett. The person in question in the latest payoff revolving door move is Bob Ryan who is currently a senior advisor to Shaun Donovan, the secretary for Housing and Urban Development. From the Wall Street Journal:
Mr. Ryan is currently a senior advisor to Shaun Donovan, the secretary for Housing and Urban Development. He joined HUD in 2009 as the first ever chief risk officer at the Federal Housing Administration and served briefly last year as the agency’s acting FHA commissioner. He previously spent 26 years at Freddie Mac.