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Started By
Message
More fake news from CNN
Posted on 1/17/17 at 5:26 pm
Posted on 1/17/17 at 5:26 pm
quote:
FAKE NEWS: CNN Reports Tom Price Bought Health Care Stock, Then Enriched Himself. Nope.
Last week, Democrats launched a full-scale media press for an investigation into potential Trump Secretary of Health and Human Services Rep. Tom Price (R-GA) for corruption. Why? Because according to Public Citizen, Price traded some $300,000 in health care stocks while presiding over regulation of the health care industry as chair of the House Budget Committee. Senator Patty Murray announced on Thursday, “I urge Republicans to work with us to make sure we have all the facts in front of us and they are fully reviewed before Congressman Price advances.”
This was all vague. But then the bombshell: according to CNN, Price invested in a health care company, then pushed legislation to drive up the stock price. Smoking gun! Dead to rights!
CNN then quoted a bevy of ethics experts saying that the situation was quite grave.
And then Ellen Carmichael, who has worked for Price, thoroughly debunked the story:
LINK
11
Posted on 1/17/17 at 5:28 pm to L.A.
Fake because they blame it all on a broker
Posted on 1/17/17 at 5:28 pm to L.A.
Worked for Price? You don't see the irony there?
Posted on 1/17/17 at 5:29 pm to L.A.
Unfortunately, even if the original article was correct it is completely legal because Congress is not held to same standards as ordinary citizens. Not saying it is right, but it is legal.
Posted on 1/17/17 at 5:34 pm to Sao
quote:
Fake because they blame it all on a broker
No Einstein, because the purchase was a year after CNN claimed so no correlation with legislation he was working on.
FAKE NEWS
Posted on 1/17/17 at 5:45 pm to L.A.
quote:
This was all vague. But then the bombshell: according to CNN, Price invested in a health care company, then pushed legislation to drive up the stock price. Smoking gun! Dead to rights!
This isn't what CNN reported and is what "real" fake news looks like. Quit falling for this crap, LA, you're smarter than this.
CNN1
CNN2
quote:
Schumer also called for an investigation of Price after CNN reported that Price bought up to $15,000 worth of stock in Zimmer Biomet -- a medical device maker -- and then introduced a measure that would have directly benefited the company. One week after Price bought the stock, he put in a measure that would have delayed a new regulation that would have harmed the company.
"This is a very narrow, specific company that dealt with implants—hip and knee—and the legislation specifically affects implants. He puts it in a week after he buys the stock? That cries out for an investigation," Schumer told CNN.
An aide to Price said that the stock was purchased by a broker without Price's knowledge at the time. This explanation led Schumer to offer the caveat that Price broke the law "if he knew about" the purchase before introducing the bill.
Posted on 1/17/17 at 5:47 pm to Sao
quote:
Fake because they blame it all on a broker
Not that this part is insignificant, considering he disclosed it as soon as he found out, but did you miss the timeline? You must have, because you don't seem like the type that would leave that part out.
Posted on 1/17/17 at 5:49 pm to ForeLSU
quote:
This isn't what CNN reported and is what "real" fake news looks like. Quit falling for this crap, LA, you're smarter than this.
Uhhhh
Posted on 1/17/17 at 5:49 pm to GRTiger
Auto rebalancing of his portfolio. Realized $300 in gains.
Posted on 1/17/17 at 5:52 pm to GRTiger
Read the cnn articles I posted instead of the fake news source linked by LA. The charge is he added a measure after the stock purchase was made. The linked article commented on when the bill was first introduced. CNN also didn't reach any conclusions regarding whether he knew about the stock purchase, and didn't explicitly claim he did it to line his pockets as the fake news suggested. Their articles were simply reporting the charge and the Price team's response.
Posted on 1/17/17 at 5:55 pm to L.A.
Ellen is absolutely correct. It's also likely she posts here since she is from Baton Rouge
Posted on 1/17/17 at 5:55 pm to ForeLSU
whatever helps you sleep at night
Posted on 1/17/17 at 5:58 pm to ForeLSU
quote:
Read the cnn articles I posted instead of the fake news source linked by LA. The charge is he added a measure after the stock purchase was made. The linked article commented on when the bill was first introduced. CNN also didn't reach any conclusions regarding whether he knew about the stock purchase, and didn't explicitly claim he did it to line his pockets as the fake news suggested. Their articles were simply reporting the charge and the Price team's response.
So they didn't research or reach out for comment that would have correctly revealed no wrong doing?
Fake news
Posted on 1/17/17 at 5:58 pm to ForeLSU
quote:
Schumer also called for an investigation of Price after CNN reported that Price bought up to $15,000 worth of stock in Zimmer Biomet -- a medical device maker -- and then introduced a measure that would have directly benefited the company. One week after Price bought the stock, he put in a measure that would have delayed a new regulation that would have harmed the company.
The article you linked and quoted literally states that CNN reported that he bought the stock and then attempted to put in the measure that would benefit the company. The OP article says exactly the same thing. Maybe you're not being clear enoughin what you're arguing.
Posted on 1/17/17 at 5:59 pm to Sao
quote:
ake because they blame it all on a broker
Soooo, CNN says that he bought stock, then introduced legislation in an effort to make the stock price go up so he could benefit?
Two things:
1) He introduced the legislation 6 months before the stock was purchased by the broker. Said broker made many other deals on his account's behalf at the same time as the "tainted stock purchase".
2) the amount of stock he purchased was less than $3,000. Seriously, if you think the man was trying to get rich off of a $3,000 investment then I understand why you are upset. Coincidentally, I also have a definitive answer to "is our education in this country really that bad" thread and I will be commenting in it with your understanding of the world as evidence to support that the education system in our country truly is terrible.
Posted on 1/17/17 at 6:01 pm to Turbeauxdog
quote:
So they didn't research or reach out for comment that would have correctly revealed no wrong doing?
Posted on 1/17/17 at 6:05 pm to Floating Change Up
quote:
Seriously, if you think the man was trying to get rich off of a $3,000 investment
The capital gain on the $3000 of HIS money which in this case after taxes was like $287.
He almost got away with it too!
Eta how much taxpayer money did Schumer waste organizing the inquiry?
This post was edited on 1/17/17 at 6:11 pm
Posted on 1/17/17 at 6:11 pm to GRTiger
quote:
The OP article says exactly the same thing.
From the tweets quoted in the OP...
quote:
CNN says that @RepTomPrice introduced legislation after purchasing stock. This is demonstrably false. Work on this began in 2015! (5/x)This is demonstrably false. Work on this began in 2015! (5/x)
— Ellen L. Carmichael (@ellencarmichael) January 17, 2017
Purchase on his behalf occurred 3/17/16. Dear Colleague letter in opposition to CMS provision sent 9/21/15. CNN's timeline is WRONG. (6/x)
CNN's report referenced the HIP Act...
quote:
All Bill Information (Except Text) for H.R.4848 - HIP Act
.....
Sponsor: Rep. Price, Tom [R-GA-6] (Introduced 03/23/2016)
This bill delays and suspends implementation of Medicare's Comprehensive Care for Joint Replacement Model, which tests episode-based payment and quality measurement for care associated with hip and knee replacements.
LINK
Posted on 1/17/17 at 6:18 pm to L.A.
CNN is a complete joke. MSNBC and Matthews having Waters say Russia coined the term, Crooked Hillary- took the cake.
Posted on 1/17/17 at 6:21 pm to GRTiger
quote:+1
The article you linked and quoted literally states that CNN reported that he bought the stock and then attempted to put in the measure that would benefit the company. The OP article says exactly the same thing. Maybe you're not being clear enoughin what you're arguing.
CNN ran with this story bigly yesterday.
This post was edited on 1/17/17 at 6:22 pm
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