Simply Politics and News

[DesertDrifter]

here, let me help you, geo... Ryan was profiting off the people he has an oath to serve. Total dishonorable behavior... but hey, it's okay if wingnuts do it, eh?

Paul Ryan Used His Office To Profit From the Financial Crisis

By Matthew Yglesias
Monday, Aug. 13, 2012, at 10:12 AM ET

Let's put this in the "the real scandal is what's legal" file: [ http://www.the-richmonder.com/2012/08/paul-ryan-traded-on-insider-information.html?m=1 ]

Quote:Ryan attended a closed meeting with congressional leaders, Bush's Treasury Secretary Henry Paulson, and Federal Reserve Chairman Ben Bernanke on September 18, 2008. The purpose of the meeting was to disclose the coming economic meltdown and beg Congress to pass legislation to help collapsing banks. Instead of doing anything to help, Ryan left the meeting and on that very same day Paul Ryan sold shares of stock he owned in several troubled banks and reinvested the proceeds in Goldman Sachs, a bank that the meeting had disclosed was not in trouble.

This kind of trading might be illegal now but was definitely kosher back then when insider trading rules didn't apply to Congress at all. My guess is that it's probably fine even under today's rules, since even though it fits the ordinary language meaning of "insider information," it doesn't actually make Ryan an insider to the companies in question in a legal sense. But it's about as clear an example of a public official trying to use his office to obtain personal benefits as you're likely to find.

__Have a look at Ryan's financial disclosure form for 2008--you can click on each page to enlarge them. The "Transactions" section begins on page 12--scroll through and look at all the trades Paul Ryan made on "9-18-08": then The Richmonder states: Hat tip to Open Secrets for making Paul Ryan's 2008 financial disclosure available online. [ http://goo.gl/xlSo5 ] That is a DIRECT LINK to Paul Ryans Financial Disclosures on Open Secrets . org... ;)

http://www.slate.com/blogs/moneybox/2012/08/13/paul_ryan_used_inside_info_to_profit_from_the_financial_crisis.html

Here is the full link for F6 to Paul Ryans Financial Disclosures Made in 2008
http://www.opensecrets.org/usearch/index.php?q=Paul+Ryan&searchButt_clean.x=0&searchButt_clean.y=0&searchButt_clean=Submit&cx=010677907462955562473%3Anlldkv0jvam&cof=FORID%3A11

You see, doing what is technically legal but morally reprehensible is what Rmoney and Ryan are all about. Running a championship tax dodger for the countries leadership? Only morally bankrupt people are for that scenario.