Thursday, August 16, 2012

Dramatic Moment in Campaign

Paul Ryan... even more of a weasel than he looks?

Just check this out one second. I had to actually spend an hour searching to find any trace of this article about Paul Ryan dirty financial dealings just prior to the 08 crash, someone had brought to my attention the other day. Per Sunday's Guardian in the UK:

"Paul RyanMitt 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.
The congressman on Monday denied profiting from information gleaned from the meeting on 18 September 2008 when Federal Reserve chairman Ben Bernanke, then treasury secretary Hank Paulson and others outlined their fears for the banking sector. His office said he had no control over the trades.
Public records show that on the same day as the meeting, Ryan sold stock in troubled banks including Wachovia and Citigroup and bought shares in Goldman Sachs, Paulson's old employer and a bank that had been disclosed to be stronger than many of its rivals. The sale was not illegal at the time."
Oh and there's more....
In April the Office of Congressional Ethics cleared Spencer Bachus, Republican chairman of the House Financial Services Committee, of allegations of insider dealing. Critics had charged he had taken advantage of insider information to trade shares on numerous occasions.
Bachus was present at the meeting that Ryan attended with Bernanke and Paulson. The next day he traded "short" options, betting on a decline in share prices in the financial services sector.
Attendees at the meeting have said Bernanke and Paulson's warnings were met with stunned silence. "When you listened to him describe it you gulped," Senator Charles Schumer told the New York Times."
Something fishy here. Terrifying even, or ... perhaps, more like...

This may be the first election of my entire life in which I do not cast a vote for President. Lesser of two evils just ain't good enough any more.

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