The Washington Times

Dick Durbin nailed on stock trades with insider information

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It must be nice to be a U.S. Senator and get inside information about economic data before it is released to others.  With all the money that people have lost in the stock market, there must be a lot of angry Durbin constituents that he got special advance notice.  The Chicago Sun Times has this:



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.

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John Lott

John Lott

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