This is just the tip of the iceberg that is Ben Nelson’s corruption under Obama. Ben Nelson also cut a sweet insurance deal with Warren Buffett in order to buy his deciding vote for ObamaCare. By mere coincidence, Ben Nelson and his wife also had millions invested with the Oligarch of Omaha, Warren Buffett, at the time! As exposed in another report, Ben Nelson also used his influence to kill the Keystone XL pipeline so that Buffett could transport the oil via his railroad.
Is it any wonder that Ben-dover Nelson refuses to comment?!
Ben Nelson’s cowardice in tucking tail and retiring won’t be enough to satisfy Nebraskans’ desire for justice. Under a new Congress, We The People will be demanding that Ben Nelson be brought up on charges of corruption and ethics violations. Charges for Sedition and Treason will follow. Congress can still mandate a capital sentence for these “high crimes”…
Insider trading by members of Congress during financial crisis?
By Dan Keating
The Washington Post
Originally published June 25, 2012 at 9:25 PM | Page modified June 26, 2012 at 7:46 AM
Sale of Lehman CDs
In late 2006, Congress started crafting legislation to overhaul Fannie Mae and Freddie Mac, a major effort to stem a rising tide of defaults on risky loans given to homebuyers with poor credit.
As Congress worked to rein in the two government-sponsored lenders, Fannie and Freddie pushed back with aggressive lobbying campaigns, stalling the effort in early 2007.
Paulson started working the Hill, trying to break the deadlock and win support for the revisions. He called and met with a number of members of Congress, including Sen. Ben Nelson, D-Neb., on this and other reform efforts.
Paulson and Nelson spoke on Jan. 10. The next day, Nelson sold between $250,000 and $500,000 in Lehman Brothers certificates of deposit. (Congressional financial-disclosure forms list only approximate ranges.) Nelson also purchased between $100,000 and $200,000 in Treasury notes, a safer investment.
On Feb. 12, Paulson met at 4 p.m. with Nelson in the lawmaker’s office in the Hart Senate Office Building. That day, Nelson bought $50,000 to $100,000 in Treasury bills.
That year, Nelson had only one other call with Paulson and no other meetings, records show. He made 103 other trades during the year, eight of which exceeded $100,000.
Nelson declined to be interviewed. A spokesman said the senator discussed only policy matters related to disabled veterans during the call and meeting with the Treasury secretary and that the senator learned nothing that would have influenced his trades.
Under congressionally imposed ethics laws that cover Treasury secretaries, Paulson and Geithner would have been prohibited from making the same investments. Congress prohibits Treasury secretaries from investing in financial institutions or Treasury securities.
Paulson, through a spokeswoman, declined to discuss his conversations with members of Congress during the financial crisis.