This is about as close as the Washington Post ever comes to calling a politician an liar:
Nelson said he had opposed starting debate on the bill because he objected to consumer-protection provisions that could harm “Main Street businesses” back home, including dentists, whose patients often borrow to finance major procedures that their insurance policies don’t cover, and auto dealers.
But after talking with Nelson, Dodd said, “Dentists and auto dealers did not come up.”
Instead, Dodd said, Nelson had spoken with him about making a change to the derivatives portion of the bill. Nelson favored including a provision that would exempt owners of existing derivatives contracts from having to post additional collateral, as required in the legislation.
Warren Buffett, Ben’s #1 constituent, has written more than $44 billion [pdf] in good old-fashioned derivatives, including puts on the S&P 500 and credit default swaps. Warren and other employees of Berkshire-Hathaway, Warren’s company, have also given Ben $75,500 in campaign donations. I guess Berkshire-Hathaway’s address must be on Main Street in Omaha.