Monday, May 03, 2010

Sen. Ben Nelson, wife own as much as $6 million in Berkshire stock

Business Week:

-- Senator Ben Nelson, who supported an exemption to proposed derivatives rules sought by Warren Buffett’s 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.

Sen. Ben Nelson supported a proposed regulatory exemption for Warren Buffett's Berkshire Hathaway

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