Didn't take long :(

[240 is Back]

I've been nothing but cordial to Paul Ryan, saying he's an excellent choice.  I disagree on portions of his budget plan, but I like him a lot.

But this makes me like him a lot less - IF he is lying about something he did that was very legal

Vice-presidential candidate denies he profited from a 2008 meeting with Fed chairman in which officials outlined fears for financial crisis

Paul Ryan, Mitt Romney's vice-presidential running mate, 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.

PROBLEM.

It was perfectly legal for him to buy these stocks.  At the time, this loophole was available, and a reason many in congress are filthy rich.

HOWEVER - LYING about it - that's some f'cked up stuff right there.  Just admit "It was legal, and I made a trade to make profit".  And move on.

Now, I'm aware that this very qualified person, very bright and conservative - is perhaps a liar.  Super.  Are there no honest men left in this race?

he siad he had no contorl over these trade - maybe it's a hell of a coindicence, but I can't buy that.  Shorting banks the same day he sits in the meeting of the century, about the banks?  Hmmmm  Does anyone believe him?

[The True Adonis]

Although Ryan is an incredible douchebag,  this story is misleading and false at best.  

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

Henry Paulson and Ben Bernanke on the financial crisis in 2008. As Eric Platt explains he certainly seems to have sold the shares on the same day as the meeting, but the meeting happened in the evening by which time the markets would have been closed. One can perhaps construct a scenario by which the Richmonder's theory of the case holds up, but they don't have the goods and I shouldn't have passed their analysis on with no qualification and so little scrutiny of my own.

As Brad DeLong writes, for one reason or another Ryan did quite a lot of trading of individual bank stocks in 2008 so the timing of this particularly transaction isn't particularly noteworthy when put in that context. For posterity's sake the original

[Soul Crusher]

See below 180 - not that it will stop you for parrotting this falsehood endlessly. 

I've been nothing but cordial to Paul Ryan, saying he's an excellent choice.  I disagree on portions of his budget plan, but I like him a lot.

But this makes me like him a lot less - IF he is lying about something he did that was very legal

PROBLEM.

It was perfectly legal for him to buy these stocks.  At the time, this loophole was available, and a reason many in congress are filthy rich.

HOWEVER - LYING about it - that's some f'cked up stuff right there.  Just admit "It was legal, and I made a trade to make profit".  And move on.

Now, I'm aware that this very qualified person, very bright and conservative - is perhaps a liar.  Super.  Are there no honest men left in this race?

he siad he had no contorl over these trade - maybe it's a hell of a coindicence, but I can't buy that.  Shorting banks the same day he sits in the meeting of the century, about the banks?  Hmmmm  Does anyone believe him?

[240 is Back]

Same day - maybe he caught something on the way in.  Same day.  Maybe you believe that, and maybe you believe cain, and every other major pileup of coincidences.  I dont.   He shorts banks the same day?  Sorry, no coincidence.

[tonymctones]

Same day - maybe he caught something on the way in.  Same day.  Maybe you believe that, and maybe you believe cain, and every other major pileup of coincidences.  I dont.   He shorts banks the same day?  Sorry, no coincidence.

so now ryan is a felon too?

LOL youre right, didnt take long at all...

[The True Adonis]

Same day - maybe he caught something on the way in.  Same day.  Maybe you believe that, and maybe you believe cain, and every other major pileup of coincidences.  I dont.   He shorts banks the same day?  Sorry, no coincidence.

I`m sure his sheets aren`t as clean as people think they are. 

[240 is Back]

so now ryan is a felon too?

LOL youre right, didnt take long at all...

re-read what i wrote.  it was legal.  Why did you make that assumption?

I think it was perfectly legal, but I question his honesty in denying it today.  He clearly bought short stock a few hours before the meeting where they warned everyone about the crash.  Anyone who believes is was a coincidence... well... stone cold idiot. 

I only care about what seems like him lying.