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whereaminow (< 20)

Paul Ryan is an Insider Trading Thief

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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

11 Comments – Post Your Own

#1) On August 14, 2012 at 2:02 PM, mtf00l (47.27) wrote:

You still believe there is a party system makeing these choices?

Interesting...

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#2) On August 14, 2012 at 2:41 PM, whereaminow (< 20) wrote:

You still believe there is a party system makeing these choices?

Not sure what you mean there.  

I watched the Republican nomination process pretty closely, and it became appearant that their is a small group of Party elites that fought very hard to maintain power and keep the GOP on its welfare/warfare path. They still have the reigns.  And Paul Ryan is their new favorite puppet.

That's just what I see. I don't claim to see everything though.

David in Liberty

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#3) On August 14, 2012 at 3:16 PM, Teacherman1 (< 20) wrote:

David

I have no "skin in the game" either way, but shouldn't you have pointed out the "update" from TPM, just to be fair.

Hey, at least he has a "Paul" in his name, even if the initials are reversed.:)

Have a good day.

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#4) On August 14, 2012 at 3:21 PM, whereaminow (< 20) wrote:

Teacherman1,

Not buying that at all.  Like Ryan doesn't know what he is getting briefed on before the meeting?  

The spin game is on!

Did they even mention his buying of Goldman Sachs at the same time, and how GS is now one of his biggest donors? 

They think we're stupid. (And yes, politically speaking, old women who swoon over Paul Ryan are stupid.)

David in Liberty

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#5) On August 14, 2012 at 3:26 PM, Acesnyper (< 20) wrote:

David, I often follow your posts and enjoy them.

 If I may be so bold to respectfully call you out on a mislabeling. At the time of this insider sale, was it not legal for him to do so? If there is a law I can take your hamburger I'm a jerk not a theif. Not that it's right or ok. I just want to point this out because I enjoy your writing and respect you. I don't want to see you take the MSM spin on things.

 Best wishes and thanks for all the great posts :) 

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#6) On August 14, 2012 at 3:31 PM, whereaminow (< 20) wrote:

At the time of this insider sale, was it not legal for him to do so?

If it's illegal for you to smoke pot and legal for Paul Ryan the big bad politician to do so, and he throws you behind bars for smoking it, while secretly smoking it himself, perhaps you wouldn't call him a thief.

But whatever you'd call him, it ain't gonna be nice.

The MSM talking point is that Paul Ryan is some kind of small government, liberty loving, champion of freedom.  He doesn't have us fooled, but he has many people both on the right and left fooled.  

I will call a piece of garbage whatever I want.  I'm not going to be far enough off the mark for it to matter.

David in Liberty

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#7) On August 14, 2012 at 4:04 PM, whereaminow (< 20) wrote:

Exactly...

David in Liberty

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#8) On August 14, 2012 at 5:10 PM, SkepticalOx (99.01) wrote:

Sigh. The MSM, left and right (for different reasons), keep pushing the idea that Paul Ryan is some small-government conservative when he is anything but (click link for source):

Here's why: An evaluation of Ryan's record by the Republican Liberty Caucus in 2008 stated actions that likely would not sit well with small government conservatives. It stated "It appears that when Paul Ryan’s party is doing the spending, raising debt limits, and acting unconstitutionally… Ryan goes with the flow. Congressman Ryan’s actual record leaves much to be desired. The issue Ryan is most known for is his interest in cutting the deficit and balancing the budget. But why did the Congressman vote to bail out the auto industry, to pass the Medicare package to the tune of $400 billion, and to nationalize education via No Child Left Behind?"

+1 at photo LOL 

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#9) On August 14, 2012 at 10:17 PM, Varchild2008 (85.61) wrote:

I hear Vice President Joe Biden isn't a big government Democrat, socialist, commie.

He is in fact further to the right than Rush Limbaugh on small government, conservatism.

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#10) On August 15, 2012 at 12:11 AM, DarthMaul09 (29.41) wrote:

Ron Paul On Paul Ryan

The election appears more meaningless as time goes on.

Ron Paul appears to understand the problem but the MSM has convinced a majority of the US that this current economic downturn and slow recovery (if it is a recovery) is just a variation of prior recession.

I doubt that either Obama or Romney are up to the challenges that face the country.  

 

Niall Ferguson: Empires on the Edge of Chaos

 

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#11) On August 15, 2012 at 12:32 PM, Melaschasm (< 20) wrote:

Almost every member of congress is guilty of insider trading.  This is a valid complaint against both parties' presidential nominees, but it is not a reason to vote democrat instead of republican.

While Paul Ryan is being portrayed as an extreme right winger, it would be much more accurate to state that he is a center right republican.

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