Skip to main content

Adorable European Politicians Accuse Wilbur Ross Of Insider Trading, Think It Actually Matters

There’s nothing quite like the naively impotent rage of the European Parliament.
  • Author:
  • Updated:

U.S. Commerce Secretary Wilbur Ross does things a little bit differently. He dresses differently. He sees brutal theocratic dictatorships differently. He counts differently. Most importantly, he has novel and innovative ideas about things like conflicts of interest and transparency, which mostly add up to the conclusion that the former do not exist and the latter is not important.


Apparently, this memo has not reached Dublin or Brussels, where there is suddenly much hand-wringing and finger-pointing about the former private-equity titan’s suspiciously lucrative three-year investment in the Bank of Ireland.

Earlier this year, Luke Ming Flanagan, an Irish politician and member of the European Parliament, the European Union’s governing body, commissioned a report on the 2008 eurozone banking crisis…. The report alleges that when Ross sold off his holdings in the bank for a massive profit in 2014, he possessed inside information that the bank was relying on deceptive accounting practices to mask its losses and embellish its financial position….

Ross “had access to the loss details that Bank of Ireland kept hidden from retail shareholders,” the report states. “The profit that Mr. Ross accumulated was largely at their expense….”

“Wilbur Ross and others have serious questions to answer on the purchase of Bank of Ireland shares,” he said in the statement.

We’re sure he’ll get right on that, Luke. In the meantime, we have a serious question for you: While you’ve been diligently plugging away on this report, have you had occasion to catch any of the headlines emanating forth from this side of the Atlantic vis-à-vis these sorts of things?

European Parliament Report Accuses Wilber Ross of Insider Trading [Mother Jones]



Wilbur Ross For President

According to Forbes, the only guy in Washington who’s ripped more people off and told more whoppers is Donald J. Trump himself.


It's Starting To Feel Like Wilbur Ross Is Not Cut Out For Government Work

The slippers really should have tipped us off on this one.


Wilbur Ross: EU Not Working Fast Enough For Donald Trump’s Liking To Resolve Trade War Donald Trump Started

The president wants a trade deal or tariffs to announce and he doesn’t particularly care which.


Wilbur Ross Is An Unshockingly Shitty Diplomat

The Slipper King was awake in Riyadh just long enough to appreciate the quiet of an oppressive theocracy.

(Cleveland Browns)

NFL Player Accused Of Insider Trading Obviously A Member Of The Browns

Jimmy Haslam knows a kindred spirit when he sees one.


Commerce Secretary Good At Napping, Bad At Math

Wilbur Ross may be carrying a few too many ones when calculating his net worth and his p.e. firm's fees.