Susan Schmidt of the Wall Street Journal has discovered a disconcerting coincidence: Senator Chuck Schumer took a highly unusual step of publicly criticizing a bank, sparking a run on it, just as big Democrat hedge fund donors were examining assets of the bank in hopes of buying them on the cheap should the bank fail.Schumer of course denies any impropriety. But the odor from this is very, very bad. If a Republican had done something like this, the headlines and network news features would be screaming for his head.
Sunday, October 19, 2008
Insider trading - democrat style
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