jump to last post 1-1 of 1 discussions (5 posts)

Paul Ryan Corruption

  1. profile image0
    Sooner28posted 5 years ago

    http://www.guardian.co.uk/world/2012/au … ing-crisis

    Insider trading!  Add that to his support of all the Bush era policies that ballooned the deficit, and his plan to dismantle Medicare and Medicaid, and it may cause one to wonder exactly why Romney would pick a VP with such a terrible amount of baggage.

    1. Credence2 profile image84
      Credence2posted 5 years agoin reply to this

      He is the darling of the conservatives with 100% rating on the rightwinger sh*t-o-meter. He is just another plutocrat, disguising himself as a "man of the people". I have heard that song before.......

    2. profile image0
      JaxsonRaineposted 5 years agoin reply to this

      Come on Sooner...

      From your own source:

      "Trades are done automatically based on an algorithm on a regular basis," said Gaffney, in a statement to TPM that was provided by the Romney campaign. "In addition, this index was held at the time within a partnership in which Rep. Ryan had and continues to have no trading authority."

      1 - Trades are algorithmic, and most/all of those positions were already in the process of being exited, over the course of half a year.
      2 - Ryan didn't have trading authority over those trades.
      3 - The meeting took place after the market closed.

      1. profile image0
        Sooner28posted 5 years agoin reply to this

        A statement provided by the Romney campaign...like Romney saying he had no control of his trust, and in 1994 saying he did control what the trust could and could not do.  This doesn't pass the smell test.

        This isn't exclusive to him though.  Nancy Pelosi was doing it too and probably many others from both parties.  It's just odd a VP nominee wouldn't be vetted for this kind of stuff.

        1. profile image0
          JaxsonRaineposted 5 years agoin reply to this

          A statement by an accountant at the partnership that handled the accounts. You don't think that he would be a valid source for information? He's definitely a better source than a reporter for whether or not Ryan had trading authority over the account.

          What about the fact that the shares were sold before the meeting took place?

          What about the fact those positions were regularly being sold off over the course of 6 months to a year?

          What about the fact that the trades are algorithmic? If you pay attention, you will notice that trades were made once a month, around the 18th (9-18, 8-18, 7-17, 6-16, etc)

          Why didn't Ryan close out all of his positions at that time?