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Sunday, August 12, 2012

Paul Ryan Used Insider Information To Avoid 2008 Crash

While most of us working saps were left to the merciless invisible hands controlling our modest mutual fund accounts and helplessly watched our 401k take hits of 30 to 40 and even 50 percent in a matter of weeks following the economic crash of 2008, Paul Ryan used his position in the public trust to save himself. Hey, he probably figured what's insider information for if you can't apply it to yourself? And, who's going to notice?

The Richmonder Excerpt:
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 is the guy Republicans want one heartbeat away from the presidency? He seems more than a little shady to me.

Here's just one page of Ryan's financial disclosure form for 2008 with several transactions highlighted followed by more suspicious trades in the following months.

You can view more of Ryan's financial disclosure pages here.

H/T to the Richmonder

1 comment:

ONWARD WI! said...

In a way I am sort of thankful perverts like ryan have taken their greed so far; how hard they shall fall AS IN TERMINAL

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