Let the carve outs begin II
April 29, 2010 | federal legislation, industry | Comments (0)Senator Ben Nelson wants a carve out for billionaire Warren Buffet:
“On Monday, the derivatives bill was altered to remove part of the new language related to margin requirements. Furthermore, I’d heard from Senator Dodd and others that there were ongoing discussions to try to address the continuing concern by Berkshire Hathaway and hundreds of American companies regarding margin requirements.
“I have opposed several cloture motions to proceed to a debate and vote on financial reform. And the Washington gotcha game has kicked into high gear impugning my motives.
“To be absolutely clear, I did not vote no because of Berkshire Hathaway. Nor did the fact that I and my wife have owned Berkshire stock for 30+ years have anything to do with my vote. It has never been an issue. It isn’t now.
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