Writer Apology & Correction: Ryan Did Not Engage In Insider Trading (Democrats, liberals)

[jt800]

C-D Liberals were attacking Paul Ryan for "Inside Trading" the other day.

Well, now the author of their article, Matthew Yglesias graciously makes a correction of a charge that Rep. Paul Ryan may have benefited from insider knowledge when trading bank stocks in 2008. Credit to him for leaving the original item available, struck through, with an apology for jumping to conclusions:

Let me apologize. I originally had a too-credulous item here linking to a piece at The Richmonder alleging that Paul Ryan has sold bank shares after a closed door meeting with Henry Paulson and Ben Bernanke on the financial crisis in 2008. As Eric Platt explains he certainly seems to have sold the shares on the same day as the meeting, but the meeting happened in the evening by which time the markets would have been closed. One can perhaps construct a scenario by which the Richmonder’s theory of the case holds up, but they don’t have the goods and I shouldn’t have passed their analysis on with no qualification and so little scrutiny of my own.


As Brad DeLong writes, for one reason or another Ryan did quite a lot of trading of individual bank stocks in 2008 so the timing of this particularly transaction isn’t particularly noteworthy when put in that context. For posterity’s sake the original item is below now in strikethrough.

So another Liberal attack debunked.....

[Versatile]

Good post. Shows integrity

[jt800]

I want those Liberals who accuse Ryan of Insider Trading to now make their own apologies now too.

[jojajn]

We can only know for sure if Paul Ryan releases his tax returns for 2008. For some reason, Ryan will only release his tax returns for the past two years.

[BucsLose]

This person knew it was a lie from the get go. Apology shouldnt be accepted by anyone, especially the readers. They do this hoping to just get the word out. Some people will go on thinking one thing, never seeing the "updated" version.

Liberals do this all the time. And they are in full force carrying these attack of lies and distortions this year. The lie alone about Romney killing a woman shouldve been the end of any chance the Democrats have, especially when many in the Administration refused to condemn it.

[chucksnee]

Originally Posted by jojajn

We can only know for sure if Paul Ryan releases his tax returns for 2008. For some reason, Ryan will only release his tax returns for the past two years.

So, you don't take people for their word......unless they have a "D" by their name....