Frisco_Slug_Esq
On Strike!
- Joined
- May 4, 2009
- Posts
- 45,618
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.
http://www.suntimes.com/news/1620776,CST-NWS-durbin13.article
Of course, he didn't do anything wrong, he acted like everyone else in the public domain with freely available information to everyone...
Even Martha Stewart knew about it!