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Submitted by e_goldstein on Mon, 06/15/2009 - 09:41
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http://www.suntimes.com/news/1620776,CST-NWS-durbin13.article

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Durbin Must Resign

Submitted by SteveMT on Mon, 06/15/2009 - 20:24.

Monday, June 15. 2009
Posted by Karl Denninger in Politics at 20:00
Durbin Must Resign

Talk about corruption:

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.

Riiiight.

I have written before about the fact that Congressfolk can trade on pending legislation. There is no apparent violation of the law, if I read it correctly, in doing so.

But there damn well should be, and Durbin should be in prison.

He received a confidential Treasury and Fed briefing, and the next day executed trades in his accounts.

If you or I did something like that we'd have an SEC probe inserted about three feet into somewhere very unpleasant.

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.

Nice try. The scaremongering was in fact rather explicit. Remember this video?

http://market-ticker.denninger.net/archives/1123-Durbin-Must...

the rich get richer...

Submitted by Wild-Blue on Mon, 06/15/2009 - 11:11.

screw the people...

ooo....

Submitted by oruval on Mon, 06/15/2009 - 10:33.

I need some soap.. I feel dirty from reading that.

—

Find out if you have a local militia - http://www.uaff.us/

Real Patriots for 9/11 truth -- http://patriotsquestion911.com/

Ahhh!

Submitted by oruval on Mon, 06/15/2009 - 20:36.

gah... I just read it again. Now I feel the need to brush my teeth.

—

Find out if you have a local militia - http://www.uaff.us/

Real Patriots for 9/11 truth -- http://patriotsquestion911.com/

So, he...

Submitted by elrococco on Mon, 06/15/2009 - 10:04.

jumped a little early. Occasionally a theif will show facets of bad timing. It happens.

Assert Your Authority

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Assert Your Authority

The new Martha Stewart?

Submitted by SC Ƹ̵̡Ӝ̵̨̄Ʒ on Mon, 06/15/2009 - 09:48.

***
Freedom is not: doing everything you want to.
Freedom is: not having to do what you don't want to do.
~ Joyce Meyer

—

Freedom is not: doing everything you want to.
Freedom is: not having to do what you don't want to do.
~ Joyce Meyer

Nah,

Submitted by e_goldstein on Mon, 06/15/2009 - 09:54.

Martha went to jail for her crimes. This guy needs a date with a pitchfork.

—

--------------------------------
"the only thing that keeps the banking system from failing is general ignorance about how the banking system works."
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Something tells me in jail...

Submitted by SC Ƹ̵̡Ӝ̵̨̄Ʒ on Mon, 06/15/2009 - 10:01.

He'd most certainly have a "date" and would probably get "forked".

***
Freedom is not: doing everything you want to.
Freedom is: not having to do what you don't want to do.
~ Joyce Meyer

—

Freedom is not: doing everything you want to.
Freedom is: not having to do what you don't want to do.
~ Joyce Meyer