Drudge Retort: Red Meat for Yellow Dogs
Monday, June 15, 2009

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.

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kerrin57

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Durbin, Feinstein, Pelosi, Dodd, Franks


Hope and change

SUCKERS

and to think - this admin was looking to hire wall street insiders to help with this mess and they have their very own in the senate! looks like they won't have to create a 100,000 new insider jobs - yay!

o.t. - note to kerrin - canned eight pints of bread and butter squash last week...added a half pint jar of pepper relish from last canning season to spice it up - will be yummy!

This will be fun watching the lunatics try to make something of it. He didn't do anything illegal or even unethical. He used his brain, is there a law against that?

Yeah Danni--he used his brain AFTER the friggin meeting.

Just like Stewart used her brain AFTER her phone call to sell her stock.

You are either naive or just plain dumb.

"This will be fun watching the lunatics try to make something of it. He didn't do anything illegal or even unethical. He used his brain, is there a law against that?"
#4 | Posted by danni

In the private world that is called "insider trading" which is illegal.

"Durbin Invests With Buffett After Funds Sale Amid Market Plunge"

"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."

www.bloomberg.com

From Wilipedia:

"Insider trading is the trading of a corporation's stock or other securities (e.g. bonds or stock options) by individuals with potential access to non-public information about the company. "

"The United States is generally viewed as having the strictest laws against illegal insider trading, and makes the most serious efforts to enforce them."

So isn't illegal when Durbin "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"?

sweetness-light.com

What part of the "closed meeting" do you not understand?

#3 | Posted by nanc
Wow...keep up the good work!

Bread and butter squash? ...never thought about it.
Tho...I have used lg zukes mixed w/cukes for sweet and dill relish.
That was in NY...here in NC my curcurbits succumb to powdery mildew at an alarming pace.

LOL...never thought I would say I NEED MORE ZUKES !

It has been kind of sad down here...way to much rain. Things on the bottom land are turning a bit yellow.
Some tomatoes have split...even while green!

Gonna be a heck of a fruit year...if stuff doesn't rot on the trees and bushes.

Back on topic...did the left not have a hernia when repub Bill Frist's blind trust sold his health care company stocks...even though they screamed he owned the stocks?

He only did what any corrupt democrat politician would do. I mean it ain't like he steered government contracts to his spouse like Diane Feinstein, or bought shady real estate in Vegas like Harry Reid, or sold out to a sleazy slum lord in Chicago for a strip of land like Obama.

Or like he gave favorable treatment to a mortgage company for a sweetheart deal on a lower interest rate like Chris Dodd. No Durbin didn't do anything worse than other sleazy democrat politicians. And like most he will never see the inside of a jail.

Hell, you can drive off a bridge and swim back to your hotel room, sleep off your drunk and leave a woman to die and not go to prison. Durbin will probably get a few more committee appointments for being such a saint in this regard.

Durbin should be investigated and, if guilty, jailed. His own spokesman indicts him in the article:

Whatever information Paulson gave lawmakers wasn't secret or classified and was disclosed publicly the next day, Shoemaker said.

I agree Dan. But considering the crap these pols have been pulling...things seem to be getting worse. Seems like they are above the law.
I am not just talking dems or the last couple of years.
This nonsense has been going on far too long. They come into gov and quadruple their net worth in a matter of years.

I seriously think we need a grassroots movement...we need term limits.

i would say a coup should be in the brew, but i don't want dhs at my door, so play like i didn't suggest such a thing.

The cool thing is he's lost a lot of money by rolling it into BRK.
That will probably be his defense, by the way.

I do wonder, though--had it been Dick Cheney, if the Danni's of the world wouldn't have driven this thread up to 300 posts by now?

#15
You betcha!
It would also be front page news.

Yeah Danni--he used his brain AFTER the friggin meeting.

Just like Stewart used her brain AFTER her phone call to sell her stock.

You are either naive or just plain dumb.

#5 | Posted by MURPHY at 2009-06-15 01:00 PM

I think I am going to go with stupid on this one.

If this guy was a Republican, Danni would be first in line to make accusations that it was insider trading. But considering that its a Dem, he must be innocent.

I do wonder, though--had it been Dick Cheney, if the Danni's of the world wouldn't have driven this thread up to 300 posts by now?


Dunno. What was the post count on the thread when Dennis Hasturd voted to have the interstate put an off ramp right next to, gosh, land that he owned?

How many posts did the Harry Reid land sale/Bridge over the Colorado River get?

Stewart was only $60,000 or some such--this is 20k less.


Where is the investigation?


This will be fun watching the lunatics try to make something of it. He didn't do anything illegal or even unethical. He used his brain, is there a law against that?

#4 | Posted by danni at 2009


I thought the same thing when I first heard it and then of course ..AS ALWAYS>..my mind wandered to think about how loud the screaming and outcry would be if he had an "R" after his name...
sort like the outcry about tom delay who was found guilty of...

of...er...uh.......

NOT A DAMNED THING........

his explanation was that he had been moving retirement stuff around for some time and I speak for most conservatives..

HEY TURBIN..If you will retire REAL SOON...you can take as much as you want.

I live in in IL and I cant stand this fucking crook. Everyone thinks George Ryan was a filthy pig monster man needs to take the same microscope and go over ol Tricky Dicky Durbin.

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