Mercury Rising 鳯女

Politics, life, and other things that matter

Yet Another Set Of “If The Perps Were Democrats This Would Be All Over The Evening News” Stories

Posted by Phoenix Woman on October 26, 2012

Here, for your reading pleasure, are well-sourced yet oddly obscure stories about Republicans — stories that, had they been about Democrats, would be getting a lot more coverage than they are now:

— Mitt Romney has an in-law problem, and his name’s Ryan Davies.

Richard Mourdock.

— Looks like Paul Ryan may have illegally spent about $75,000 of his Congressional campaign money on presidential election campaign activities during the 2012 Republican National Convention in August.

— Looks like, as Brad DeLong says, that Mitt Romney got caught lying under oath on the witness stand about a material fact:

Mitt Romney testified under oath in 1991 that the ex-wife of Staples founder Tom Stemberg got a fair deal in the couple’s 1988 divorce, even though the company shares Maureen Sullivan Stemberg received were valued at a tenth of Staples’ stock price on the day of its initial public offering only a year later.

One Response to “Yet Another Set Of “If The Perps Were Democrats This Would Be All Over The Evening News” Stories”

  1. Charles II said

    On the latter piece, I don’t think one can say Romney lied.

    First of all, the stock underwent a reverse split, so the $2.50/share actually represented $7.50. That means that the IPO value was only 3 times higher than what the lady got, not 10 times.

    Second, the IPO price did not hold. Although Yahoo Finance historical quotes don’t go back beyond 1990, Staples spent much of 1990 around $15-$18/share.

    Third, she sold shares voluntarily (which is probably why she lost the case). If you are selling shares to pay off a mortgage, you do not need the cash.

    Finally, before a company is public, share valuation is entirely subjective.

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