Did Paul Ryan profit from insider trading?

[RetiredGySgt]

Also, these same unnamed by very reliable sources confirmed that Eric Holder was one of Harry's best customers. It was not for the drugs....

let me know when you spam one of the rightwingnut threads, Z

Just as soon as you reign in one of your left wing kooks.

 

[Lakhota]

Also, these same unnamed by very reliable sources confirmed that Eric Holder was one of Harry's best customers. It was not for the drugs....

Zander, are you spamming this thread because you're afraid of the possibility that it might be true? You seem concerned...

Yo Injun!! You should read more sources and quit settling so easy into your confirmation bias.

He'd been trading bank stocks pretty regularly throughout the year.

Hard to prove any wrongdoing.

Besides, Congress was EXEMPT from insider trading laws.

IOW, even if Ryan was GUILTY, which the evidence DOESN'T support, he NEVER broke the law.

Are you really as stupid and racist as you sound?

IF you read the OP carefully, you would have noticed that Ryan "broke" his pattern of trading in September 2008 - specifically September 18. Also, there is now a law against insider trading by Congress, but wasn't in place when Ryan may have committed insider trading. However, one professor makes the case that members of Congress could be prosecuted - even prior to Obama signing the STOCK Act into law on April 4, 2012.

Professor: Congress IS subject to insider trading laws - CBS News

Obama Signs Ban On Congressional Insider Trading - Corruption Currents - WSJ

 

[GuyPinestra]

Zander, are you spamming this thread because you're afraid of the possibility that it might be true? You seem concerned...

Yo Injun!! You should read more sources and quit settling so easy into your confirmation bias.

He'd been trading bank stocks pretty regularly throughout the year.

Hard to prove any wrongdoing.

Besides, Congress was EXEMPT from insider trading laws.

IOW, even if Ryan was GUILTY, which the evidence DOESN'T support, he NEVER broke the law.

Are you really as stupid and racist as you sound?

IF you read the OP carefully, you would have noticed that Ryan "broke" his pattern of trading in September 2008 - specifically September 18. Also, there is now a law against insider trading by Congress, but wasn't in place when Ryan may have committed insider trading. However, one professor makes the case that members of Congress could be prosecuted - even prior to Obama signing the STOCK Act into law on April 4, 2012.

Professor: Congress IS subject to insider trading laws - CBS News

Obama Signs Ban On Congressional Insider Trading - Corruption Currents - WSJ

Stupid and racist? Really? Where the fuck do you get that from, the word Injun? Grow a SKIN, BITCH!

And I read the OP, a carefully crafted story trying to insinuate wrongdoing where none exists. Paul Ryan had been trading regularly in bank stocks all year long, both buying and selling the SAME stocks about every 60 days. None of his trades exceeded $15K, even those on the day in question.

I also read numerous OTHER articles written by financial columnists that don't see the boogeyman under the bed that you do.

Get a life, moron!

 

[Zander]

Also, these same unnamed by very reliable sources confirmed that Eric Holder was one of Harry's best customers. It was not for the drugs....

Zander, are you spamming this thread because you're afraid of the possibility that it might be true? You seem concerned...

Yawn...yeah, I am super-duper worried. I can hardly sleep at night. Maybe that's why I am falling asleep as I type thpjassjfosid0840pof;00..o45678,.,[,kj

 

[waltky]

Alzheimer's drug test trial ends with insider trading bust...

Record US insider trading case filed
20 November 2012 - The alleged insider trading involved information about the results of drug trials

A former hedge fund manager has been charged with what prosecutors say could be the most lucrative insider trading case in US history. Mathew Martoma was accused of making $276m (£174m) for his firm, using information about drug trials that had not yet been published. The doctor who gave him the information is co-operating with authorities. Mr Martoma's lawyer said his client was confident that he would be cleared of the charges. The money was allegedly made on trading in two companies, Elan and Wyeth, which were conducting trials of Alzheimer's drugs. The complaint was filed in the federal court in Manhattan.

Mr Martoma, who worked for CR Intrinsic Investors, was arrested on Tuesday morning in Boca Raton, Florida, according to the FBI. "As Martoma allegedly got sneak peeks at drug data, he first recommended that the hedge fund build up a massive position in Elan and Wyeth stock, and then caused the fund to shed those shares after getting a secret look at the unexpectedly bad results of a clinical drug trial," Manhattan US Attorney Preet Bharara said in a statement. "As a result of the blatant corruption of both the drug research and securities markets alleged, the hedge fund made profits and avoided losses of a staggering $276m, and Martoma himself walked away with a $9m bonus for his efforts."

But Mr Martoma's lawyer, Charles Stillman, said his client was "an exceptional portfolio manager who succeeded through hard work and the dogged pursuit of information in the public domain". "What happened today is only the beginning of a process that we are confident will lead to Mr Martoma's full exoneration," he said. The Securities and Exchange Commission (SEC) also filed a civil case against CR Intrinsic Investors, Mathew Martoma and Dr Sidney Gilman. The civil complaint said that the money was made in July 2008 ahead of a negative public announcement about the clinical trial results of an Alzheimer drug being jointly developed by Elan and Wyeth.

BBC News - Record US insider trading case filed

 

[Glensather]

Insider trading is a felony.

And yet you have nothing to say about all the Dems that have as much evidence against them as does Ryan. Piece of shit.

NEWSFLASH: Politicians are corrupt.
No shit?

 

[Stephanie]

didn't I hear Pelosi was accused of this and a few other DEMOCRATS?

 

[GuyPinestra]

It's not illegal if Congress does it...