Suspicious Timing
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.
Gosh. The very next day, "turban" Durbin cashes out. It's almost like he had a vision of the Treasury Secretary letting him know that the crap was about to hit the fan.
Labels: corruption
posted by SCC at 12:02 AM
27 Comments:
Dick Durbin before he dicks you.
Insider trading. SEC, hit em with your best shot. Durbin the turbin. This is the same bitch that pled the case for our most recently incarcerated felonious, mobbed-up, governor. What do the current goveernment text books teach grammar school kids these days? Has Illinois had a governor in the last 30-40 yrs that didn't go to the joint?
NAH! He went to a palm reader on
26th street!
Nothing New Here...
Harken Energy "was expected to run out of money in just three days" Bush had already taken out a $500,000 loan and sought Harken's general counsel for advice. The reply was explicit: "The act of trading, particularly if close in time to the receipt of the inside information, is strong evidence that the insider's investment decision was based on the inside information.
On June 22, Bush sold his 236,140 shares of stock anyway for a net profit of $848,560.
there is a reason people spend millions on a campaign for an office that pays thousands.....
If Durbin "cashed in," it's funny that BRK.B was around $4600 when he bought it and is now below $3000. Nice work, genius!
Didn't Martha Stewart go to jail for the same thing?
Another Illinois politician...hmmmmmmm
I will be out there with signs when this prick is up for re-election.
An Illinois politician using inside information to enrich himself? Naw. No way. Not in our state. Chicago is on the up and up.
We are the laughing stock of the nation for a reason. We also have the dumbest population in the country. They keep re-electing these thieves.
You think the feds will go after him like they did Martha Stewart? No, not our fearless feds. Those G-men don't have the balls to go after our connected guys. Yuze know wud I'm sayin?
Can u say Martha Stewart?
Durbin is a lying fucking jerkoff weasel. I can only hope he gets whats coming to him.
In New York they had the Teflon Don mob boss John Gotti who could get away with anything and never got caught. Until he got caught.
In Chicago we have Teflon Mayors, Teflon Congressmen, Teflon Senators, Jesus H. Christ, EVERYONE here is fucking crooked and very goddamn few ever get held accountable.
What the fuck is wrong here? Where is the outrage by the citizens who continue to get fucked? Ever drive by a City of Chicago Department of Revenue site and see the long lines of sheep going in to get shorn?
Same thing all over, the people just pay and pay and pay. And now, with coming layoffs, they will pay and pay for less and less.
SOMEBODY FUCKING DO SOMETHING!
Hey, US Attorney, indict these corrupt bastards!
HELP US!
Please don't wait years to bring a case against Daley, we can't wait!
Get on with it!
I believe his integraty has been proven by the company he keeps and the folks he fronts for.
The day ACORN is gone, so will these self serving assholes...
We're not THE dumbest. We're AS dumb as the voters in Washington, DC that re-elected Marion Barry, crackhead extrordinaire. Wait. Maybe we are the dumbest. He was just a crackhead. Too stupid to steal their pensions and too lazy and selfish to worry about giving anyone else a job. Uh oh. Shit. I say let's nominate Marion Barry for Mayor!
all the pols cashed out!
you don't hear them crying abotu 401k's and pensions do you??
Dick Durbin before he dicks you.
6/14/2009 12:25:00 AM
Nice.
beautiful--- they can take burris and durbin on the same bus with blago and save the taxpayers some money. ryan, blago, burris, and durbin in the same chicken coup----oh to be a fly on the wall----- on a side note--- jackson and sharpton were almost undressing each other at operation push yesterday--- could they be looking to consolidate a power base to take a run at daley ?????
When will the world, the world press and the local yocals figure out that the Messiah in the White House is the product of and a member of the biggest Crime Family outside the Mafia.
They all helped to put him up there, an one by one they are getting picked off.
God, I pray I live long enough to see the arrest and conviction of Shortshanks, and the return of honor to our city and our Department.
Didn't Martha Stewart go to jail for the same thing?
Another Illinois politician...hmmmmmmm
I will be out there with signs when this prick is up for re-election.
6/14/2009 06:21:00 AM
THIS DICK JUST GOT RE-ELECTED BY A LANDSLIDE, ANOTHER SIX YEARS. UNBELIEVABLE, THERE IS NO HOPE FOR ILLINOIS, COOK COUNTY OR CHICAGO. JUST KEEP ON VOTING FOR DEMOCRATS.
What Durbin really needs is ............ more cow bells.
Insider trading demorat style! Hey Fitz we know you are busy could you ask Robert Grant at the fBI to go after this criminal in the daley mold? Thanks!
It is amazing this is not getting national press.
You don't have to "win" in a stock trade to be guilty of insider trading.
JELLY FISH ROLL
Vote out Dick "Sound Bite" Durbin. He's all sizzle and no steak. Plus, he's a Democrat.
"Meet the new boss....same as the old boss."
durbin is a coward,disrespecting our troops i would love to spit in his face! SEMPER FI FUCK YOU DICK, 7TH MARINE VET!
F.B.I; U.S. Attorney, where ARE YOU???
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