The notion that Paul Ryan bought shares of Goldman Sachs in September 2008 because of information he garnered as a top Republican congressman is the stuff liberal fantasies are made of:
Ryan! Financial Crisis! Goldman Sachs! Insider Trading!
But that’s all they are—fantasies.
There is simply no persuasive evidence that anything even slightly untoward occurred. Yet here the story is again, this time from Lynn Parramore of Alternet .
Here’s what we know.
Ryan reported a lot of trading in 2008. He bought and sold 29 different stocks or mutual fund shares. He reported trades for every month, almost like clockwork, except for May. Most of his transactions were sales of existing positions. (More: Paul Ryan's Unfortunate Bank Stock Trades )
For example, Ryan sold AT&T in February, July, August and October. He sold General Electric* in February, August, October, November and December. He sold JPMorgan in January, July and September. He sold Wachovia in January, June, August and September.Page 1 of 3 | Next Page