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Ben Nelson, Wife Own as Much as $6 Million in Berkshire Stock

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kpete Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Apr-27-10 07:07 PM
Original message
Ben Nelson, Wife Own as Much as $6 Million in Berkshire Stock
Source: Bloomberg

Ben Nelson, Wife Own as Much as $6 Million in Berkshire Stock
April 27, 2010, 6:26 PM EDT

By Jonathan D. Salant and James Rowley

April 27 (Bloomberg) -- Senator Ben Nelson, who supported an exemption to proposed derivatives rules sought by Warren Buffetts Berkshire Hathaway Inc., owned as much as $6 million worth of stock with his wife in the Omaha, Nebraska-based company, financial disclosures show.

A Nebraska Democrat, Nelson reported last year that he owned between $500,000 and $1 million of stock in Berkshire in 2008, and his wife owned between $1 million and $5 million. Senators report their holdings each year in broad ranges. New financial disclosure reports are due May 15.

Nelson and his wife, Diane, owned more shares in Berkshire than any other member of Congress, according to the Center for Responsive Politics, a Washington-based research group.

The senator, 68, said his ownership of stock in Berkshire, a Nebraska company with probably hundreds of thousands of shareholders, didnt pose a conflict of interest or an appearance of ethical impropriety. He said he had owned the stock since before he became governor and his wife had been a Berkshire stockholder for 30 years.

Read more: http://www.businessweek.com/news/2010-04-27/ben-nelson-...
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Angry Dragon Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Apr-27-10 07:11 PM
Response to Original message
1. And owning $6 million is not a conflict?? ...... Bullshit
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dem mba Donating Member (732 posts) Send PM | Profile | Ignore Wed Apr-28-10 10:05 AM
Response to Reply #1
10. hey that's only like 5 shares of stock for Berkshire
but seriously, if this guy and his wife have a portfolio worth a few tens of millions, which he probably does, then I don't think this is such a big deal.

as long as everything is disclosed, i'm not so worried.
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Angry Dragon Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Apr-28-10 10:11 AM
Response to Reply #10
11. And when was the last time a politician
disclosed everything??
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dem mba Donating Member (732 posts) Send PM | Profile | Ignore Wed Apr-28-10 03:05 PM
Response to Reply #11
14. um, everytime they run for office?
if they don't it can be a huge mess. I've heard of politicians putting their finances in blind trusts, so they don't have to worry about being accused of conflicts of interest.

http://www.opensecrets.org/pfds/index.php

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RC Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Apr-27-10 07:16 PM
Response to Original message
2. I found an error in the story.
"A Nebraska Democrat, Nelson..."

That should read; "A Nebraska DINO, Nelson..."
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SpiralHawk Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Apr-27-10 07:24 PM
Response to Original message
3. The Husker Huckster
Edited on Tue Apr-27-10 07:26 PM by SpiralHawk
Nelson is truely a republicon homelander corporate lapdog, lamely disguising himself under a cheap D toupee
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boomerbust Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Apr-27-10 07:32 PM
Response to Reply #3
5. Hawk
You got the Nelson hairdo down to a T.
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Cant trust em Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Apr-27-10 07:32 PM
Response to Original message
4. I am shocked and amazed by this.
Edited on Tue Apr-27-10 07:33 PM by Cant trust em
This blows my mind.

I had no idea this was coming.

I am stunned.

I am flabbergasted.

I am dumbfounded.

I am :sarcasm:.
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2Design Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Apr-27-10 08:35 PM
Response to Original message
6. no wonder he votes republican n/t
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Grassy Knoll Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Apr-27-10 08:46 PM
Response to Original message
7. Rachel Maddow just exposed this asshat,,,,,n/t
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WillYourVoteBCounted Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Apr-27-10 09:02 PM
Response to Original message
8. I think thats more than Rachel Maddow mentioned tonight
well, Ben has to look out for Ben, and we have to look out for ourselves.
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bikingaz Donating Member (110 posts) Send PM | Profile | Ignore Tue Apr-27-10 09:41 PM
Response to Reply #8
9. What else do we not know ?
They don't vote for the good of the country. They vote for what is best for THEM !!!!!

Screw the electorate. They know that they can vote themselves salary increases, better perks, better health care, better everything and we pay.

Americans have to be the dumbest people on the planet. In places where there are dictators, they take the country by force. Not us. We actually vote for the scoundrels.

We deserve the royal screwing we are getting !!!!!
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AngryAmish Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Apr-28-10 10:53 AM
Response to Original message
12. The greed of these Republikkkans knowns no bounds.
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Rapier09 Donating Member (209 posts) Send PM | Profile | Ignore Wed Apr-28-10 02:45 PM
Response to Original message
13. Nelson is kind of a fool
Doesn't seem to be heading anywhere but on the way out.
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newtothegame Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Apr-28-10 05:33 PM
Response to Original message
15. Berkshire-Hathaway isn't derivatives.
It isn't evil to own stock.
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