EDITORIAL: Durbin’s Insider Trading: The latest example of Congressional hypocrisy. “The Fed chairman and Treasury secretary briefed Mr. Durbin and other congressional leaders on the financial crisis and efforts to help financially troubled banks. Mr. Durbin’s great sell-off started the day after this privileged briefing. . . . This senator’s hypocrisy is particularly ripe because Mr. Durbin has been at the forefront of denouncing the greed of Wall Street bankers. In 2002, he condemned the lack of criminal penalties for corporate executives accused of insider trading.”
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