Page 1 of 6 123 ... LastLast
Results 1 to 10 of 59

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

  1. #1
    Advisor Midwest Lib's Avatar
    Join Date
    Apr 2009
    Last Seen
    12-14-17 @ 10:33 AM
    Gender
    Lean
    Liberal
    Posts
    513

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

    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?

  2. #2
    Sage
    PeteEU's Avatar
    Join Date
    Mar 2006
    Location
    Denmark
    Last Seen
    Yesterday @ 02:46 PM
    Gender
    Lean
    Centrist
    Posts
    29,092

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

    Quote Originally Posted by Midwest Lib View Post
    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?
    It is insider trading. Had he not been in Congress, then he would go to jail. He is a defacto criminal now.. congrats Romney.
    PeteEU

  3. #3
    Professor
    Billy the Kid's Avatar
    Join Date
    Feb 2012
    Last Seen
    05-28-13 @ 02:29 PM
    Lean
    Undisclosed
    Posts
    2,449

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

    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.
    "Socialism is a philosophy of failure, the creed of ignorance, and the gospel of envy; it's inherent virtue is the equal sharing of misery." Winston Churchill

  4. #4
    Advisor Midwest Lib's Avatar
    Join Date
    Apr 2009
    Last Seen
    12-14-17 @ 10:33 AM
    Gender
    Lean
    Liberal
    Posts
    513

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

    Quote Originally Posted by Billy the Kid View Post
    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

  5. #5
    Sage
    lpast's Avatar
    Join Date
    Mar 2011
    Location
    Fla
    Last Seen
    05-21-16 @ 10:12 PM
    Gender
    Lean
    Independent
    Posts
    13,565

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

    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

  6. #6
    Sage
    PeteEU's Avatar
    Join Date
    Mar 2006
    Location
    Denmark
    Last Seen
    Yesterday @ 02:46 PM
    Gender
    Lean
    Centrist
    Posts
    29,092

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

    Quote Originally Posted by Billy the Kid View Post
    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.
    PeteEU

  7. #7
    Filmmaker Lawyer Patriot
    Harshaw's Avatar
    Join Date
    Oct 2005
    Last Seen
    Yesterday @ 07:23 PM
    Lean
    Libertarian - Right
    Posts
    29,607

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

    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.
    “Offing those rich pigs with their own forks and knives, and then eating a meal in the same room, far out! The Weathermen dig Charles Manson.”-- Bernadine Dohrn

  8. #8
    Tavern Bartender
    Constitutionalist
    American's Avatar
    Join Date
    Mar 2006
    Location
    Virginia
    Last Seen
    12-15-17 @ 10:49 AM
    Gender
    Lean
    Conservative
    Posts
    76,323

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

    Quote Originally Posted by Midwest Lib View Post
    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?
    Got a list of everyone that did it?
    "He who does not think himself worth saving from poverty and ignorance by his own efforts, will hardly be thought worth the efforts of anybody else." -- Frederick Douglass, Self-Made Men (1872)
    "Fly-over" country voted, and The Donald is now POTUS.

  9. #9
    Banned
    Join Date
    Jul 2012
    Last Seen
    01-22-17 @ 09:27 AM
    Gender
    Lean
    Slightly Conservative
    Posts
    4,136

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

    Quote Originally Posted by Midwest Lib View Post
    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.
    Last edited by ReformCollege; 08-14-12 at 09:09 AM.

  10. #10
    ThunderCougarFalconBird
    roughdraft274's Avatar
    Join Date
    Feb 2010
    Location
    Louisiana
    Last Seen
    12-15-17 @ 06:32 PM
    Gender
    Lean
    Other
    Posts
    11,080

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

    Quote Originally Posted by lpast View Post
    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.
    Quote Originally Posted by TurtleDude View Post
    uh that is so small as to be stupid. Do you want registration? given less than 3% of criminals get their guns from private sales, its pretty much a waste of resources
    **Thirty Minutes Later**
    Quote Originally Posted by TurtleDude View Post
    you are confused. I never denied that many criminals get guns in private sales.

Page 1 of 6 123 ... LastLast

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •