Durbin cashed out during big stock collapse :: CHICAGO SUN-TIMES :: News
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Martha Stewart went to prison for this, will Senator Durban and some of his friendly gang of thieves? Get the low down on who and what from yesterdays post Top House Members Disclose Investments in Bailed-Out Firms – washingtonpost.com
And these are the elected officials who passed all the Bail Outs and Stimulus bills and outrageous Budgets that were going to save our economy, but they had so little faith in what they were doing and that the economy would be saved that they bailed out of the sinking ship.
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.
Altogether, Durbin sold investments worth $116,000 in September.
“Durbin was doing what a lot of other people were doing, taking a look at their savings” and seeing it “start to tank and trying to preserve some level of wealth by getting out of the market,” said his spokesman, Joe Shoemaker.
Shoemaker said Durbin didn’t capitalize on anything Paulson and Bernanke told congressional leaders at the Sept. 18 meeting.
Whatever information Paulson gave lawmakers wasn’t secret or classified and was disclosed publicly the next day, Shoemaker said.
Yes, but I remember the federal government and Congressmen telling us to stay in the marklet because help was on the way. BB
Just saw your blog. Thank you for confirming what I already knew. Senator Durbin is busy helping Senator Durbin. It still makes my blood pressure crime to hear that weasel criticize our troops by comparing them to nazi war criminals!
Welcome hoboduke, Stop by anytime.
BB