It's ok. I don't care how he speaks to me.
I'll explain the concept of what has happened here simply for Chad so he understands what the fuss is about and why this is a problem for the Romney campaign.
Firstly you have to understand that the Obama camp is basically running on a platform where they are saying Romney is out of touch and only interested in helping the rich at the expense of the middle class by lowering taxes on the rich and passing that burden on to the middle class.
Let's look at the chain of events.
1: Some people find a strange coincidence between Ryan's stock trades and financial advice he had been privy too. They ask his campaign for comment on this as it has the look of insider trading.
2: Ryan's campaign claims the shares were in a managed account that Ryan doesn't have any control over.
3: This is obviously a lie as he wouldn't be declaring individual transactions then as he would be unaware of them. The standard practice is for him to report on the accounts performance on a yearly basis. In addition to this
- Now just quickly I should point out that even if he had been engaged in insider trading he wouldn't have been breaking the law as it was at the time. Since the public in the US found out that insider trading was legal for members of Congress however there was a massive public outcry about this and they introduced the Stock Act to stop this and this sort of behaviour is now illegal for Congressmen. So if he was engaged in insider trading this will play well to Obama's narrative and will also call into doubt the credibility of Ryan. This issue is about ethics not legality.
4: A longer look at the transactions shows that if he was insider trading however he would have to be the worst insider trader in the history of the stock market. Every single transaction he made he bought high and sold low.
5: So this begs the question why his campaign staff - who had all been briefed on his finances as the had just released them - would lie about the transactions. Why not just claim that he was terrible at the trading? Why not claim he was simply trying a new trading system and somehow managed to pick 100% bad trades?
6: Then people noticed that he made the trades once a month and suddenly they realise that he has been running some sort of tax avoidance scheme. Wait a minute isn't tax avoidance one of the pillars of the Obama campaign against Romney. Way to kick an own goal guys.
There, I hope that helps you get why it's a big deal. It's not a matter of legality. It's a matter of both names on the Romney ticket looking like they are complicit in the collapse of the American economy.
Don't worry though I expect that the majority of voters in the US won't catch on to what this means. It's not like they are all demanding both candidates tax returns to prove they aren't both tax cheats....
Oh wait.