Crush Liberalism

Durbin cashed out stocks right before stock market plunge

When he’s not busy trashing our soldiers, Dick Durbin the Turban likes to spend his free time using insider information for personal gain.  You know, kinda like Gordon Gecko in Wall Street, only unlike Gecko, he operates above the law that applies to everyone else.  Details here, an excerpt of which follows:

As U.S. stock markets plummeted last September, the Senate’s No. 2 Democrat, Dick Durbin, sold more than $115,000 worth of stocks and mutual-fund shares and used much of the money to invest in Warren Buffett’s Berkshire Hathaway Inc.

The Illinois senator’s 2008 financial disclosure statement shows he sold mutual-fund shares worth $42,696 on Sept. 19, the day after then-Treasury Secretary Henry Paulson and Federal Reserve Chairman Ben Bernanke urged congressional leaders in a closed meeting to craft legislation to help financially troubled banks. The same day, he bought $43,562 worth of Berkshire Hathaway’s Class B stock, the disclosure shows.  …

Note to self: Call Durbin’s office from now on for stock tips.

Boy, it’s a good thing those Dems cleaned up that “culture of corruption” thingy, right?

June 15, 2009 - Posted by crushliberalism | corruption