Paul Ryan Acted Immediately After 2008 Bush WH Meeting on Impending Economic Meltdown

[hfojvt]

57. I took back my rec

Yglesias has already modified it, to note that the meeting took place at night. Ryan sold his stock in the day.

Second, I note that the amounts on the disclosure seem to be small - less than $15,000 according to the disclosure form (which gives a range $1,001 - $15,000).

So, the amounts are hardly earth-shattering. A $3,000 gain on the stock market is pretty big to me, but no so much to a guy who probably makes over $200,000 a year. Further, looking at the stocks he bought, he may have even lost money.

His diclosure form says he sold Goldman Sachs, for example, on 2-22, 8-18, 10-22, 11-5 and 12-8 and that he purchased Goldman Sachs on 1-22, 3-24, 6-16, and 9-18.

Well, I looked at a 5 year chart of GS, just to see how he made out, expecting to find him making out like a bandit. But Goldman started 2008 at about 210 and ended 2008 at about 85, after hitting a low of about 60 in the fall of 2008. The 5 year chart does not show me the months other than January, but Goldman took a HUGE dive in the fall of 2008. If he bought on 6-16, he probably took a bath on that purchase. Check out the chart yourself, if this link works.

http://finance.yahoo.com/q/bc?s=GS+Basic+Chart&t=5y