In the olden days, it was good to be the king – you could pretty much do what you liked. In today’s world, we’ve done away with that sort of thing but there are still ways mini-kings in the United States Senate can have some fun:
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…
Naturally, Durbin’s spokesman says it was all just a coincidence – it just so happened that Durbin decided to sell out right after receiving a briefing, but its not like what he learned at the briefing helped Durbin make the decision. I mean, that would be absurd – that would be an example of a liberal Democrat being a crook, and we know – ’cause our liberal Democrats say so – that saintly liberals who fight for the little guy never do things like that. We must remain vigilant in these matters to ensure that no one takes a liberal Democrat the wrong way – of course, if anyone out there has heard of a Republican doing this, please inform the FBI as we’ll have to criminally prosecute him, and anyone he’s ever been connected with.
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