Posted on 05/09/2016 6:14:50 PM PDT by Sybeck1
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. 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.
(Excerpt) Read more at theguardian.com ...
Congree is allowed to do this. Some animals are more equal, you know.
No one could trade stocks better than former chairman of the House Financial Services Committee like Congressman Spencer Bachus(R)(AL).
He should have gone to jail.
Check out @SpecialKMB1969’s Tweet: https://twitter.com/SpecialKMB1969/status/729815446870953986?s=09
Uncertain, this is what I found
There’s a reason the donor class donates hundreds of millions of dollars to these criminals too.
The Clintons have been lying to federal offices for decades.
IIRC there was a story on 60 minted 2-3 years ago. There is no law prohibiting congress from profiting from what they read or hear in congress. In other words they exempt themselves from insider trading laws. I welcome correction.
Judge Napoleono just said that the Kemlin is discussing whether to release the 20,000+ Hillary emails that they have. Woooooeeeeeee?
That’s the second shoe falling beside these “missing” emails
This is YUUGE! It seems that someone has access to much insider info.
The moral of the story is, Don’t Mess With The Donald!
This clown is a phucking pig!!!!!!!!!!!!
Krony Kongress exempted their corrupt butts from insider trading penalties/charges from info gleaned while “at work” for the Children...
I also remembering that attached to the Ryan’s omnibus bill was the provision that US oil could be sold overseas....and guess who is heavily invested and going to make millions on the deal.
Actually, she wasn’t. She was never charged for insider trading. She was convicted of lying to the Feds.
And insider trading is perfectly legal for the scumbags in Congress. They ain’t “normal.”
Not exactly the 'same', if you don't mind me saying so.
Stewart sold off her stock in a certain company based on a 'tip' from her stock broker. And she wasn't a federal employee or elected official, and didn't preside over or attend government meetings where decisions were being made that would effect the stock of a company.
The power of the federal government was being used to try and run her out of business. If you want to know who wanted to take over Stewart's market, follow the money.
Why was it even of concern to federal officers ? She was not in a position to make 'laws' or propose 'bills' that would influence the financial status of the businesses she had stock in.
It was a tip from the CEO of the company, not that it matters. Her selling wasn't illegal. She got in trouble for lying about it.
A perk they deserve because of all the tireless work they do to make our country such a free and prosperous nation! Do I need a /sarc?
Here is what happened.
Many years ago, it was against ethics committee rules for congress to profit from buying/selling of stocks. They were doing it anyway.
The media was about to expose this, so the Feds went after Martha Stewart in order to distract the public.
After she went to jail, they quietly changed the rules to allow them to profit from their insider knowledge.
Wouldn't the CEO be the best source for tips ?
Don't brokers specialize in getting 'tips' from inside sources ?
I understand the lying part, I don't understand the part where they were questioning her at all.
Didn't Hillary make a huge profit on cattle trading? Where did she get her inside information ? Why was that legal ?
thanx
As usual, congress exempted itself from the insider-trading laws.
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