Paul Ryan is an Insider Trading Thief
August 14, 2012
– Comments (11)
From EPJ:
He babbles about Ayn Rand, but when it comes to his actions, Paul Ryan is a thief right out of the John Maynard Keynes school of using government for insider profit gains.
Ryan 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. He sold stock in troubled banks including Wachovia and Citigroup.
Not long after the meeting, Wachovia's already troubled share price went into free fall. It plunged 39% on the afternoon of September 26..
Citigroup's share price also fell soon after the meeting. Most interesting, though, while selling other bank stocks Ryan bought shares that day in Goldman Sachs.
Read the rest here
My two cents: I'm not the slightest bit surprised the chickenhawk, warfare/welfare supporting Paul Ryan is a total dirtbag. I knew that before this report came to light. He was selected to fool old white women into believing that the GOP has a young rising "small government" star in the ranks. (Nevermind that in reality Paul Ryan is just another statist Keynesian.)
What I didn't realize is how little homework the GOP does before selecting their party representatives. It's laughable. Can't wait to see how they try to explain this one.
As I said, this election is meaningless, but it will at least be good humor.
David in Liberty