Dick Durbin: Chicago’s latest revealed crook – for insider trading

Dick Durbin kinda has a Martha Stewart feeling now. Chicago Sun Times:

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.

No TweetBacks yet. (Be the first to Tweet this post)

June 13, 2009 · Filed Under Corruption, Democrats


Comments

  • quantumfoam

    This accusation is much more serious than charges leveled against Martha Stewart. He,(if found guilty) could possibly serve 10to20 in a federal prison. Everybody understands that in the good old USA, no one is above the law. With the possible exception of Ted Kennedy,Dennis Hastert,Barney Frank, Cris Dodd,Charlie Rangel,Maxine Waters,Harry Reid,etc,etc,etc. There is one big difference in the Mafia and our Congress, the Mafia is better organized.