J. Turley: Senatorial Privilege? Sen. Dick Durbin Cashed Out His Stocks and Shares After Meeting w/ Paulson & Bernake

Senatorial Privilege? Sen. Dick Durbin Cashed Out His Stocks and Shares After Meeting With Paulson and Bernanke on Economic Crisis
By Jonathan Turley | Jonathan Turley.org

Sen. Dick Durbin, the second most senior democrat in the Senate, cashed out his stock the day after meeting with Treasury Secretary Henry Paulson and Federal Reserve Chairman Ben Bernanke. Durbin took the money and invested much of the $115,000 in Warren Buffett’s Berkshire Hathaway Inc.

The transfers occurred on Sept. 19th. The prior day he met with Paulson and Bernanke on the banking crisis.

I have long advocated a change in the ethics rules to require blind trusts for all members of Congress. Currently, members can make killings on the market by using their access to policy changes and special tips. Read more.