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News Link • Politics: Republican Campaigns

UPDATE: Paul Ryan's Bank Transactions Were Not Insider Trading

• http://www.businessinsider.com, Eric Platt
 At issue are the sale of troubled banks like Wachovia and Citi, as well as General Electric's struggling capital unit, dated on September 18, 2008 — the same day as the meeting with Bernanke and Paulson according to the Associated Press.

However, according to The New York Times, the meeting was held in the evening, which raises significant doubt if any member in attendance would have been able to act on the conversation.

Ryan's 2008 financial disclosures, which are publicly available on OpenSecrets.org, were analyzed by Business Insider (Via The Richmonder).

The sales total as much as $60,000 — although they could be considerably less. The House disclosure forms do not require specific values from members.

OpenSecrets.org estimates Ryan has a net worth between $927,100 to $3,207,000.

Ryan's disclosure also shows the purchase of shares in Goldman Sachs, which was considered a relatively safer bank at the time.

Wachovia was later purchased by Wells Fargo after it neared failure at the end of 2008.

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