INSIDER TRADING!! Sen. "Little" Dick Durbin Cashes Out of Stock Market After Meeting with Treasury

Could it be that Sen. "Little" Dick Durbin has been caught performing Insider Trading??... Maybe...

The beginning of the article doesn't really set off any bells "Durbin cashed out during big stock collapse" No biggie... he and about 5 million other people... the part that gives you the "Holy jump up and sit down"s is the next line... "Asset sales came after meeting with Fed, Treasury chiefs".... WHAT???!!

This guys sat through a meeting with Henry Paulson and Ben Bernanke and the next day, cashed out his stocks on the day of the public announcement. My question is... what TIME did he cash these stocks out? Prior, during, immediately after the press conference? What did he know and when did he know it?? Well we know the answer to both... and its before everybody else.. More from the article:

"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.

The records apparently show the trade occurring the day of the announcement, but if he did it immediately at the opening bell, then I think there are issues that need to be addressed. Sen. Durbin's Spinmeister Joe Shoemaker stated:

From the article:

""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,"

True enough like everyone else... HOWEVER...

"Shoemaker said Durbin didn't capitalize on anything Paulson and Bernanke told congressional leaders at the Sept. 18 meeting."

Mr. Shoemaker... he knew a full day before what was going to be said... this smells of impropriety BIG TIME...

"Whatever information Paulson gave lawmakers wasn't secret or classified and was disclosed publicly the next day..."

I refer again to my above statement... What TIME did he cash out his stocks?? I smell a rat...

Reference:
Chicago Sun-Times: Durbin cashed out during big stock collapse