Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

highplainsdem

(48,650 posts)
41. Business Insider article on this, already getting a lot of tweets and Facebook recs:
Mon Aug 13, 2012, 12:53 PM
Aug 2012
http://www.businessinsider.com/paul-ryan-insider-trading-2012-8

Republican Vice Presidential Pick Paul Ryan sold shares in a number of financial companies including Citigroup, General Electric, Wachovia, and JP Morgan Chase on the same day as then-Treasury Secretary Henry Paulson and Fed Chairman Ben Bernanke held a closed meeting with congressional leaders during the financial crisis.

At issue are the sale of troubled banks like Wachovia and Citi, as well as General Electric's struggling capital unit, dated on September 18, 2008 — the same day as the meeting with Bernanke and Paulson according to the Associated Press.

Ryan's 2008 financial disclosures, which are publicly available on OpenSecrets.org, were analyzed by Business Insider (Via The Richmonder).

The sales total as much as $60,000 — although they could be considerably less. The House disclosure forms do not require specific values from members.

-snip-
IF Martha Stewart went to jail certainly Ryan is owed Jail time. Justice wanted Aug 2012 #1
Not really atreides1 Aug 2012 #2
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
Because Congress members were immune from insider trading law. JackRiddler Aug 2012 #50
Comment from a securities attorney to an coalition_unwilling Aug 2012 #51
So what was the hullabaloo about earlier this year... JackRiddler Aug 2012 #52
That's actually a damned good question. I'm not an attorney coalition_unwilling Aug 2012 #53
"political intelligence" is not considered insider trading by the feds Major Nikon Aug 2012 #28
That matters in terms of jail, not so much in the campaign JHB Aug 2012 #33
Make it law to forbid insider trading by elected representatives and name it for Ryan. SleeplessinSoCal Aug 2012 #56
Did she not get convicted of lying/covering up dixiegrrrrl Aug 2012 #12
Only if he lied about it under oath salib Aug 2012 #21
Martha Stewart did not go to jail for insider trading nichomachus Aug 2012 #35
Fuck yeah. Her jail term was bullshit IMO. They should run Ryan in, too. Zalatix Aug 2012 #49
Big K&R tk2kewl Aug 2012 #3
K & R AzDar Aug 2012 #4
KnR KansDem Aug 2012 #5
Lawyers? ellie_belly Aug 2012 #6
Not a lawyer, but former broker Jeff In Milwaukee Aug 2012 #40
it looks like they were periodic transactions Enrique Aug 2012 #7
What do you think. In your opinion, do they rise to 'doing something wrong' forgetting legal distinc stevenleser Aug 2012 #8
they don't appear to be related to the meeting Enrique Aug 2012 #9
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
SEC gave him a pat on the back, US SEC is horrible uponit7771 Aug 2012 #10
My god, how much stock does that clown own? 1-Old-Man Aug 2012 #11
If it makes anyone feel any better, it looks like he lost money every time he traded GS stock cbdo2007 Aug 2012 #13
Wow, he did even worse on C stock in 2008, literally losing on every trade. cbdo2007 Aug 2012 #16
Congress can do no wrong. And they legislate it that way. nt valerief Aug 2012 #17
NO WONDER ROMNEY LOVES HIM DearAbby Aug 2012 #18
maybe that explains his 'two years of returns' Bluerthanblue Aug 2012 #20
This won't get any airplay SansACause Aug 2012 #22
K&R! Need to keep this one kicked, imho. This could be Romney's coalition_unwilling Aug 2012 #24
George W Bush did the same thing and he never got into trouble. Hubert Flottz Aug 2012 #25
Yep. raouldukelives Aug 2012 #29
I am just SO shocked. HopeHoops Aug 2012 #26
POINT OF INFORMATION 90-percent Aug 2012 #27
News on Sept 19, 2008 - Congressional Leaders Stunned by Warnings Kablooie Aug 2012 #30
A perfectly balanced ticket BlueStreak Aug 2012 #31
Nothing new. grok Aug 2012 #32
this type of thing goes on regularly - they are all thiefs 2Design Aug 2012 #34
This is dynamite. Romney's Gordon Gekko problem just got more Gordon Gekkoey Ian_rd Aug 2012 #36
k & r DonRedwood Aug 2012 #37
How much time passed between that meeting and the public getting knowledge of these Banks' health? Ian_rd Aug 2012 #38
In a normal country, this kind of thing would lead to jail time Cali_Democrat Aug 2012 #39
Business Insider article on this, already getting a lot of tweets and Facebook recs: highplainsdem Aug 2012 #41
kick Cali_Democrat Aug 2012 #47
This really should be a major issue. WI_DEM Aug 2012 #42
kick usregimechange Aug 2012 #43
Notice he made the trades even before the meeting with Paulsen BlueStreak Aug 2012 #45
all crooks ! april Aug 2012 #46
another crooked fucking GOP bastard! Bozita Aug 2012 #48
He made the trades before the 7 pm meeting, but that doesn't let him off the hook. pnwmom Aug 2012 #54
I hope someone can put a dollar amount to it tomm2thumbs Aug 2012 #55
I did this above. Look for my posts. He lost money on most of his stock trades related to this. cbdo2007 Aug 2012 #61
Was this debunked? n/t Lebam in LA Aug 2012 #57
No Rosa Luxemburg Aug 2012 #58
if this story is verifiable in a rock solid way - this can be very, very big Douglas Carpenter Aug 2012 #59
That's a sweet one, kpete! johan helge Aug 2012 #60
This needs to run as an ad in all swing states! nt SunSeeker Aug 2012 #62
Latest Discussions»General Discussion»Paul Ryan traded on insid...»Reply #41