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By Richard Fernandez

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Surviving The Ruptures

June 15, 2009 - 12:34 am - by Richard Fernandez
joe buzz
2009-06-15 11:15:43

This article describes how one lawmaker tried to survive the financial rupture…

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.

Full story…well sort of…from the Chi. Sun Times Here