Ben Nelson Explains Financial Reform Cloture Votes

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Today, Senator Ben Nelson (D-NE) “sought to debunk ‘wild speculation, unfounded rumor and uninformed comments’ about his opposition to starting Senate debate on financial regulatory reform,” Roll Call reports.

Nelson, who again voted against proceeding to the measure Wednesday, countered accusations that his opposition arose after a provision that could have benefited Nebraska billionaire Warren Buffett was dropped.

“To be absolutely clear, I did not vote no because of Berkshire Hathaway,” Nelson said in a statement referring to Buffett’s Omaha-based company.

Nelson, who joined Republicans in voting against procedural motions brought up on Monday and Tuesday, also denied that his stock ownership in Berkshire swayed his position. Rather, Nelson has told reporters in recent days that his concerns lie with auto dealers and dentists, who the Democrat fears will be adversely affected by legislation being pushed by Banking, Housing and Urban Affairs Chairman Chris Dodd (D-Conn.).

“I have heard from Nebraska business owners and leaders that the underlying bill will extend too far and adversely impact Main Street businesses that use third party financing to help customers pay for their products or services,” Nelson’s statement explained.

(credit image – associated press)

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2 Comments

Filed under Banks, Wall Street

2 responses to “Ben Nelson Explains Financial Reform Cloture Votes

  1. nancy goldsen

    Does anybody buy this __sh_t? Let’s get rid of this poor excuse for a Democrat

  2. Chris

    Allow me to translate Ben Nelson:

    “No I’m not voting against because of my 1-6 million in stock in Berkshire Hathaway, I’m voting against because the Consumer Protection Agency might regulate against predatory lending too much.”

    Good God, Nelson, stop with the Chamber of Commerce talking points.

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