Altermedia news U.S.A.
Altermedia news U.S.A.: In a time of universal deceit, telling the truth is a revolutionary act. (George Orwell)
Duke Book Catalog

Big Shot Democrat, Dick Durban Caught In Corruption Sting

June 19th, 2009 · Post your comment (No Comments)

Email This Post Print This Post

by Jeff Davis

dick_durbin

You know what I find most irritating about Democrats? Their unctuous air of moral superiority. With Republicans, what you see is pretty much what you get–thieves in expensive suits, as well as a few closet queers who like to tap their toes in airport restrooms. Bit liberal Democrats actually believe their own propaganda. They genuinely think they’re better than the rest of us, despite the fact that historically their record of sheer corruption is far worse than the GOP.

The Sun Times reports: “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… Altogether, Durbin sold investments worth $116,000 in September. By Oct. 2, he had invested $98,046 in Omaha, Neb.-based Berkshire Hathaway, the form shows. The Standard & Poor’s 500 index plunged 4.7 percent last Sept. 15 after the bankruptcy of Lehman Brothers Holdings Inc. and Bank of America Corp.’s government-engineered takeover of Merrill Lynch & Co. By the end of October, the index had fallen 22.6 percent.”

Now comes the damage control. The Times notes: “‘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.”

And if you believe that, I’ve got this bridge in Brooklyn I’d like to sell you.

Durbin should have excused himself from any decisions if he had ANY stocks or mutual funds likely to be affected. Not only did Durbin use insider information, he didn’t make all that much. Not only are Democrats unethical, they’re willing to break the law for relatively small amounts of money. They’re not only whores; they’re cheap whores.

Meanwhile all the ordinary Americans who didn’t have the advantage of a Senator’s inside information got hammered in the stock market so Durbin could make his timely exit. How were they supposed to know when to get out and preserve some of their wealth?

1 Star2 Stars3 Stars4 Stars5 Stars (3 votes, average: 4.33 out of 5)
Loading ... Loading ...
Share/Bookmark



Tags: European American News

0 responses so far ↓

  • There are no comments yet...Kick things off by filling out the form below.

You must log in to post a comment.