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In reply to the discussion: Paul Ryan traded on insider information to avoid 2008 crash! [View all]cbdo2007
(9,213 posts)13. If it makes anyone feel any better, it looks like he lost money every time he traded GS stock
Price Shares Net
GS P 1/22/2008 $190.69 52 $9,915.88
GS S 2/22/2008 $177.71 52 $9,240.92
GS P 3/24/2008 $178.88 56 $10,000.00
GS P 6/16/2008 $182.09 55 $10,000.00
GS S 8/18/2008 $160.04 111 $17,764.44
GS P 9/18/2008 $108.00 93 $10,000.00
GS S 10/20/2008 $121.50 31 $3,766.50
GS S 11/5/2008 $87.43 31 $2,710.33
GS S 12/8/2008 $77.15 31 $2,391.65
P = purcahse, S = Sale. Dates and Closing prices are real. I assumed he purchased $10,000 worth each time and then sold a dispersion of those shares at each sale.
I agree that he shouldn't be allowed for insider trading, but it makes me personally feel better that he didn't make a killing on it at least.
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Seems like a double standard where rules applied to Martha but not Ryan. So can I at least
Justice wanted
Aug 2012
#15
A wholly dishonest, devious, and despicable person imv with more than a dash of
indepat
Aug 2012
#44
Are you absolutely 100% certain that insider trading statutes do not apply here? If so,
coalition_unwilling
Aug 2012
#19
Make it law to forbid insider trading by elected representatives and name it for Ryan.
SleeplessinSoCal
Aug 2012
#56
What do you think. In your opinion, do they rise to 'doing something wrong' forgetting legal distinc
stevenleser
Aug 2012
#8
Also based on the transactions, he was regularly trading many of those stocks throughout the year.
cbdo2007
Aug 2012
#14
Note, too, that September 18 was awfully late to be selling bank stocks.
mahatmakanejeeves
Aug 2012
#23
If it makes anyone feel any better, it looks like he lost money every time he traded GS stock
cbdo2007
Aug 2012
#13
How much time passed between that meeting and the public getting knowledge of these Banks' health?
Ian_rd
Aug 2012
#38
Business Insider article on this, already getting a lot of tweets and Facebook recs:
highplainsdem
Aug 2012
#41
He made the trades before the 7 pm meeting, but that doesn't let him off the hook.
pnwmom
Aug 2012
#54
I did this above. Look for my posts. He lost money on most of his stock trades related to this.
cbdo2007
Aug 2012
#61
if this story is verifiable in a rock solid way - this can be very, very big
Douglas Carpenter
Aug 2012
#59