Ben Nelson says he joined the filibuster on the financial overhaul deal due to concerns about its impact on car dealers. Well, it turns out he's more concerned about his investment in Berkshire Hathaway.
In his most recent financial disclosure statement filed last year, Mr. Nelson reported owning between $1 million and $6 million in Berkshire Hathaway in 2008, his largest investment in any single company. A spokesman for Mr. Nelson could not be reached Tuesday afternoon.
Mr. Nelson’s financial connections to Berkshire Hathaway, which were mentioned in the Wall Street Journal on Tuesday, appear likely to only intensify speculation about his vote in blocking the financial regulations bill.
Hmmm. Now that may explain why he was so willing to accede to Berkshire Hathaway's request to keep firms that already own derivatives contracts from anteing up large amounts of collateral.
Looks like Nelson was more concerned about his own portfolio than the little guy's welfare, as he claimed yesterday. I know Nebraska is a crimson-red state, but there has to be a better Dem that can be elected statewide. Paging Scott Kleeb ...