Posted on 09/02/2012 5:35:43 PM PDT by SeekAndFind
Thanks to the personal finance disclosure that members of congress are required to submit — and the folks at the Center for Responsive Politics who maintain a database of the documents — we were able to look into the investment decisions of Wisconsin Congressman Paul Ryan, who as of last week, is now the official Republican vice presidential nominee.
According to the documents, Ryan has benefited from a number of trusts and inheritances that make up most of his wealth, but his investments over the years have cemented his net worth somwhere between $927,000 and $3.2 million.
A brief stint as a landlord made Ryan some early cash.
We think that this is one of the rental properties Ryan bought.
As a freshman representative, Ryan bought three rental properties in his hometown of Janesville, Wisc., in Feb. 1998 He paid between $100,000 and $250,000 for the properties, financing them with a mortgage from Anchorbank SSB.
He collected between $15,000 and $50,000 per year in rent from tenants, and in 2000 bought a fourth rental property. By that point the properties were worth $250,000 and $500,000.
He flipped the real estate in 2001.
Ryan Limited Partnership, an investment group, has made Ryan a lot of money.
Ryan owned a 21.37% stake in RLP well before he joined Congress, and the asset has grown from a worth of $45,358 in 1998 to somewhere between $100,000 and $250,000 in 2011.
That partnership has diversified its portfolio over the years, and has made a brisk trade in stocks and mutual funds. Dividends alone were worth $5,000 to $15,000 last year, although they were higher prior to the recession. Current RLP assets include Altria Group, Amazon.com, Apple, Google, McDonald's, Philip Morris, Starbucks and Visa.
(Excerpt) Read more at businessinsider.com ...
Thank you for proving my point about your rabid idiocy.
When are you going to try thinking for yourself instead of letting Leftist propaganda bots lead you around by your nose?
I just found out you are known as MNJohnnie - ‘Roars like lion’.
Dang next time I won’t tangle with you. But seriously you say the disclosures are false. Can you PLEASE show me how Paul Ryan disclosure is false or is some super duper secret decoder code needed.
Please, pry open your weld shut mind finally.
Your accusations about Ryan are lies. They have utterly no base in fact. They are disinformation fed you by Democrat political operatives. They are no different then the 2004 Bush National Guard story or any of several hundred bit of disinformation put out by the Democrats during every election season the last 40 years.
This is SOP for the Democrat propaganda machine. You should be smart enough to spot this NOT be so willing to be a shrill and hysteric chicken little and regurgitate every lie they spin at you.
If you want to believe the Leftist liars, fine, but spare us the hysteric fiction that you are anything but a mindless Democrat propaganda bot.
YOUR SOURCE IS A LIAR WORKING FOR THE DEMOCRAT PARTY.
Will you try to pry open your welded shut mind and smell what you are shoveling?
Are you really this politically stupid? Taking BI seriously is akin to tuning into Radio Berlin in 1942 to find out how the Allies war effort was going
I turned $30,000 into $450,000 between 1998 and 2007. Then I lost 90% of it in the crash.
My comments were not accusations they were direct from Paul Ryan public disclosures. I even pointed to the link and you still deny deny deny. Say I agree with you that Paul Ryan financial disclosure are pure non-sense. Can you state how you get this information. Now this is going to be real interesting.
Again instead of mindlessly clinging to your emotion based opinions, pry open you welded shut mind and realize you are being played for a total fool by the Democrat Propaganda machine.
YOUR SOURCE IS LYING TO YOU FOR POLITICAL GAIN. The story is a complete fabrication, made up lie.
Quit being a useful idiot of the Democrat propaganda machine.
.......They worry too much about other people’s money................
But, but, Ryan had a black girl-friend in high school and college.
Surely, some of these Ryan investments should accrue to her, during that common time frame.
Poor girl: she was so destitute because Ryan didn’t support her, that she had to commit a $77,000 theft felony, many years later.
Now, is that Ryan’s fault; or Romney’s fault; but certainly Bush’s fault!!!
RE: I turned $30,000 into $450,000 between 1998 and 2007. Then I lost 90% of it in the crash.
You’re amazing, your investments did not crash in the 2000 DOT COM BUST but crashed in the mortgage crisis?
Well, the Dow and S&P have gone back up since 2008, have you recovered some?
good post seek! it’s getting scary, i recently had a conversation from a long time customer whom insisted the rich have brought this Country down, i see class warfare coming in the future, another South Africa, the bamster has become another Mandela.
Something right out of Bagdad Bob playbook.
For all to know, I pray Romney wins the Presidency come November.
You just keep telling yourself that. The rest of us are smart enough to recognizing disinformation and suspect sources.
You want to keep showing yourself a naive fool around here, feel free.
Because it's false.
The Paul Ryan Story That Won't Die—But Should
Even TalkingPointsMemo called it "debunked."
Oh, oh, oh (waving hand wildly). Pick me! I do, I think BI is a bunch of left tards.
BTW. You can always find all sorts of interesting stuff here:
http://www.legistorm.com/person/bio/51564/Nancy_Pelosi.html
and here:
http://www.opensecrets.org/pfds/candlook.php?txtName=pelosi
8bump* paul ryan investments
Yes, but he dropped the stocks during the day and only met Paulson in the evening.
Timeline is everything.
RE: He sold financial stocks on September 18, 2008 the same day he met with Hank Paulson.
What time was his meeting with Hank? Did he dump the stocks BEFORE or AFTER the meeting?
And here’s another question regarding the word : “DUMP”.
Here’s what we know.
Ryan reported a lot of trading in 2008. He bought and sold 29 different stocks or mutual fund shares. He reported trades for every month, almost like clockwork, except for May. Most of his transactions were sales of existing positions.
For example, Ryan sold AT&T in February, July, August and October. He sold General Electric in February, August, October, November and December. He sold JPMorgan in January, July and September. He sold Wachovia in January, June, August and September.
How is that DUMPING? To dump means to share ALL of your shares at once in anticipation of a huge drop.
He did trade in and out of two financial names in 2008: Goldman Sachs and Citigroup. He sold shares in Citi in January, March, June, August, September and December. He bought Citi in February, April, July and October. In other words, Ryan was following a pattern of alternating between buying and selling shares of Citi throughout the year.
The only breaks in this pattern were
(a) when he neither bought nor sold any stocks in his portfolio in May,
(b) skipping November’s sale of Citi and selling in December instead, and
(c) selling shares in Citi in both August and September.
Ryan sold shares in Goldman in February, August, October, November and December. He bought shares in Goldman in January, March, June and September.
Notice a pattern here? Each of Ryan’s purchases of Goldman shares coincides with the sale of a share of Citi.
So, Ryan follows this pattern of going long Goldman when he sold Citi on September 18. That day, Ryan also took part in a meeting where Hank Paulson and Ben Bernanke met with Congressional leaders to make their case that the situation in the financial sector had turned so dire as to threaten the entire economy.
Ryan reports PUBLICLY ( that’s transparency for you) that that day, he sold shares in JPMorgan , Wachovia and Citi, while buying in Goldman.
Question for you? HOW IS THIS DUMPING STOCKS AGAIN?
As CNBC Concludes while observing Ryan’s trading patterns —
The problem with the claim that this is evidence of insider trading is that the trading is too normal for Ryan. There’s no evidence of abnormal behavior in him selling stocks on the 18th of the month, or selling these particular stocks. What’s more, buying Goldman on a day he sold Citi was also a part of his regular pattern.
This just isn’t evidence of insider trading in any way.
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