'Journalistic malpractice': Ellen Carmichael debunks CNN story on Rep. Tom Price stock purchase

Greg P. | 9:21 AM on January 17, 2017

If bogus stock story is worst oppo on Price, he's a lock for confirmation at HHS

— Jonathan H. Adler (@jadler1969) January 17, 2017

As you might have heard, CNN was out with a story on Monday suggesting Rep. Tom Price, Donald Trump’s nominee to head Health and Human Services, bought stock in a medical device company weeks before then championing legislation that would help said company:

First on CNN: Trump HHS nominee Tom Price invested in a medical device company, then introduced a bill to help it https://t.co/NomCSecZW0 pic.twitter.com/AlYVQdf2MV

— CNN (@CNN) January 16, 2017

Except, that’s not exactly what happened according to Ellen Carmichael, who used to work for Rep. Price and is now the president of The Lafayette Company.

First up, Price was allegedly not responsible for any of the trades in the “broker-directed” account:

https://twitter.com/ellencarmichael/status/821327274909794305

https://twitter.com/ellencarmichael/status/821327532133912576

And the amount of money we’re talking about here is less than $2700:

https://twitter.com/ellencarmichael/status/821327733108207616

Which Rep. Price did disclose:

https://twitter.com/ellencarmichael/status/821327951622971392

It also seems that CNN”s timeline is wrong and that Price was working on this legislation long before the stock purchase in question:

https://twitter.com/ellencarmichael/status/821329534289137665

https://twitter.com/ellencarmichael/status/821329911751278592