Tuesday, June 16, 2009

Feinstein's Feast; Durbin's Sale

via the Washington Times,
Sen. Dianne Feinstein, chairman of the Senate Select Committee on Intelligence, abruptly canceled a campaign fundraising lunch scheduled for Wednesday after the Washington lobbyist helping to organize the event suggested in an invitation that the committee's work would be served as the "first course."
Sun Times on Durbin,
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.
I would think there's a day's lag between order and sale, so if Durbin sold the day after talking to Paulson and Bernanke, he placed the sell-order the day he talked. That's a guess, but I'd be surprized if not true.

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