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Paul Ryan sold shares on same day as private briefing of banking crisis

Midwest Lib

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Paul Ryan, Mitt Romney's vice-presidential running mate, sold stock in US banks on the same day he attended a confidential meeting where top level officials disclosed the sector was heading for a deep crisis.

The congressman on Monday denied profiting from information gleaned from the meeting on 18 September 2008 when Federal Reserve chairman Ben Bernanke, then treasury secretary Hank Paulson and others outlined their fears for the banking sector.
His office said he had no control over the trades. Public records show that on the same day as the meeting, Ryan sold stock in troubled banks including Wachovia and Citigroup and bought shares in Goldman Sachs, Paulson's old employer and a bank that had been disclosed to be stronger than many of its rivals. The sale was not illegal at the time.
Paul Ryan sold shares on same day as private briefing of banking crisis | World news | guardian.co.uk


Now, it wasn't illegal at the time and people on both sides of the aisle were participants in activities such as these, but it just doesn't seem right does it?
 
So when will the arrests be made?


Another quote from you article" "Until this year members of Congress were allowed to trade on price-sensitive information gathered at Washington meetings. Nor is Ryan alone in having done so. CBS's 60 Minutes criticised Democrat Nancy Pelosi for buying into Visa's initial public offering as the House discussed credit card legislation."


Clean house, take em' all. Then "we the people" can start fresh.
 
So when will the arrests be made?


Another quote from you article" "Until this year members of Congress were allowed to trade on price-sensitive information gathered at Washington meetings. Nor is Ryan alone in having done so. CBS's 60 Minutes criticised Democrat Nancy Pelosi for buying into Visa's initial public offering as the House discussed credit card legislation."


Clean house, take em' all. Then "we the people" can start fresh.

They won't...it doesn't make it any less sleazy though
 
meh I dont get excited over things that they all do...singling out ryan for this is kinda lame since democrats and gop have been caught occaisionally forever doing worse.....Ryan has alot of real baggage all the side snipes arent needed imo
 
So when will the arrests be made?


Another quote from you article" "Until this year members of Congress were allowed to trade on price-sensitive information gathered at Washington meetings. Nor is Ryan alone in having done so. CBS's 60 Minutes criticised Democrat Nancy Pelosi for buying into Visa's initial public offering as the House discussed credit card legislation."


Clean house, take em' all. Then "we the people" can start fresh.

They wont, because as the only few hundred people in the US, Ryan did nothing legally wrong because Congress made it illegal for everyone but themselves. Had you done this, then there would be arrests.
 
So, four days and hundreds of nuggets of Ryan's past.

By the end of the week, you will know every Miami of Ohio frat party he ever bought a T-shirt for.

Would that a certain Illinois Senator have received so much scrutiny.
 
Paul Ryan sold shares on same day as private briefing of banking crisis | World news | guardian.co.uk


Now, it wasn't illegal at the time and people on both sides of the aisle were participants in activities such as these, but it just doesn't seem right does it?

This is a boring article. It was legal back then. Even so, some people would have sold off shares just because of the FACT Bernanke was meeting with Congress. Sept 18, 2008 was already after Bear Sterns failed, the government seized Fannie and Freddie, and Lehman filed bankrupcy. You didn't have to sit in a meeting with Ben Bernanke to know that it's not a good time to stay in the stock market.
 
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meh I dont get excited over things that they all do...singling out ryan for this is kinda lame since democrats and gop have been caught occaisionally forever doing worse.....Ryan has alot of real baggage all the side snipes arent needed imo

Yea, I'm not going to say Ryan should be considered a criminal or anything, but I think this is another glaring example of how out of touch congress and the government can be. If you were to put it up to a vote to the american people, "Do you think insider trading by members of congress should be legal?" how large of a percentage would vote "**** no".

The only problem I see is enforcing a insider trading rule would be extremely difficult, just as insider trading in general is hard to catch.
 
Seems to be a grossly misleading headline.

After the story was picked up by the media on Monday, the Romney campaign moved to deny it. Talking Points Memo quoted Larry Gaffney, an independent accountant for the partnership that handled the trades questioned by commentators, said the shares were not controlled by Ryan.

"Trades are done automatically based on an algorithm on a regular basis," said Gaffney, in a statement to TPM that was provided by the Romney campaign. "In addition, this index was held at the time within a partnership in which Rep. Ryan had and continues to have no trading authority."

So, is there anything to counter the bolded claims or are we still operating under the premise that no burden of proof resides with the accuser?
 

It doesn't matter if a story is BS, the idea is to paint all "others" as uncaring, mean and greedy, so that Obama looks like the only "logical" choice. Obama is Santa Claus and all others are the Grinch, those are the "facts" that need to be supported and, by golly, if this example is not quite right then the MSM will invent another next week. Yes they can!
 
It doesn't matter if a story is BS, the idea is to paint all "others" as uncaring, mean and greedy, so that Obama looks like the only "logical" choice. Obama is Santa Claus and all others are the Grinch, those are the "facts" that need to be supported and, by golly, if this example is not quite right then the MSM will invent another next week. Yes they can!

What do you want to bet, that there will be people on this forum who will cite this article and claim it's valid, multiple times between now and the election?
 
Got a list of everyone that did it?

Of course not. This was another way to try to show illegalities done SOLELY by Paul Ryan. Same old, same old. You gotta laugh at the dumb attempts that just continue to show the liberals grasping at any straw, even if it's a lie. Tired, tired, tired of the crap.
 
Of course not. This was another way to try to show illegalities done SOLELY by Paul Ryan. Same old, same old. You gotta laugh at the dumb attempts that just continue to show the liberals grasping at any straw, even if it's a lie. Tired, tired, tired of the crap.

Anything to avoid discussing Obama's 4 year record of failure.
 
I still literally do not care about this thread.
Paul Ryan didn't cause the crash, or fail to fix it, so any discussion of Paul Ryan during that period is just a distraction from what's important. Which is the economy still sucks.
 
Anything to avoid discussing Obama's 4 year record of failure.


You can't talk about something that is non-existing. Now Obama sure knows how to campaign. He does have 4 years of doing that when he should have been trying to dig the country out of this dismal mess. But you gotta give him credit, he knows where his strengths lie.
 
Anything to avoid discussing Obama's 4 year record of failure.

Hey you been avoiding discussing the 8 years of Bush failures and the 8 years of Reagan failures... so.. fair is fair.
 
Hey you been avoiding discussing the 8 years of Bush failures and the 8 years of Reagan failures... so.. fair is fair.

Awwww... You can't face the reality that Obama is a failure, so you try and change the subject.

Hey, here's something you can do... You can address your own post:

It is insider trading. Had he not been in Congress, then he would go to jail. He is a defacto criminal now.. congrats Romney.

Anything to say?
 
You do have to appreciate the irony of the OP's avatar "I'm with stupid" pointing to his bull**** source.
 
Our media really is pathetic. Major outlets were reporting on this story without doing even the most basic fact checking. If you are going to accuse someone of insider trading, you should actually bother to look at trades before and after the alleged incident to look for a difference in normal trading behavior. News organizations are becoming little better than random bloggers.
 
Paul Ryan sold shares on same day as private briefing of banking crisis | World news | guardian.co.uk

Now, it wasn't illegal at the time and people on both sides of the aisle were participants in activities such as these, but it just doesn't seem right does it?

No, it doesn't. And I applaud your honesty in pointing out it's done by both sides.

The real story should be that Congressmen be required to have blind investment trusts for as long as they hold office. This kind of thing is done all the time.
 
Hey you been avoiding discussing the 8 years of Bush failures and the 8 years of Reagan failures... so.. fair is fair.

Reagan is dead, Bush is eating BBQ somewhere in Texas. Barry is in charge and has been so for the past 3.5 years. Time to move on.
 
Reagan is dead, Bush is eating BBQ somewhere in Texas. Barry is in charge and has been so for the past 3.5 years. Time to move on.

LOL classic avoidance.
 
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