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In reply to the discussion: Paul Ryan Acted Immediately After 2008 Bush WH Meeting on Impending Economic Meltdown [View all]cbdo2007
(9,213 posts)He also sold Citigroup on 6/16/08 and 8/18/08 - then bought again on 10/20/08. Why did he sell on those other dates before he got the secret info, then why would he buy again a month later if he knew the bank was failing??
Also, he sold GE stock as well on 6/16/08, 8/18/08, and 9/18/08. They aren't a bank that was in trouble of failing. They aren't a bank at all.
And he bought GS on other occasions throughout the year - 3/24/08 and 6/16/08, so this was a stock that he traded regularly.
He sold Wachovia on 6/16/08, 8/18/08, and 9/18/08 so that only seems strange when you look at the last date when it's out of context.
Again, you can argue that maybe he was "getting advice all along on who to buy or sell" which could be, except that he literally LOST MONEY ON EVERY CITIGROUP TRANSACTION.
I want to find something here but I just can't. I'm all for finding bad stuff about Ryan but if we promote ideas and scandals that don't exist it takes credence away from the ones that are real and damaging.