Skip to comments.Political intelligence firms set up investor meetings at White House
Posted on 05/27/2013 1:58:49 AM PDT by Brad from Tennessee
Wall Street investors hungry for advance information on upcoming federal health-care decisions repeatedly held private discussions with Obama administration officials, including a top White House adviser helping to implement the Affordable Care Act.
The private conversations show that the increasingly urgent race to acquirepolitical intelligence goes beyond the communications with congressional staffers that have become the focus of heightened scrutiny in recent weeks.
White House records show that Elizabeth Fowler, then a top health-policy adviser to President Obama, met with executives from half a dozen investment firms in 2011 and 2012. Among them was Kris Jenner, a stock picker with T. Rowe Price Investment Services who managed its $6 billion Health Sciences Fund.
Separately, an officialin the agency that oversees Medicare and Medicaid spoke in December with managers of hedge funds, pension plans and mutual funds in a conference call. The official, Andrew Shin, was pressed during the 50-minute call for information about upcoming Medicare decisions but declined to discuss matters still under agency review, according to people familiar with the call.
That call and the White House meetings Fowler attended were arranged by political-intelligence firms, an expanding class of consultants in Washington that specialize in providing government information to Wall Street. . .
(Excerpt) Read more at washingtonpost.com ...
The Securities and Exchange Commission and the Justice Department are probing a spike in health-insurance stock trading this year that occurred after a Washington brokerage issued a bulletin predicting the outcome of a decision by the Centers for Medicare and Medicaid Services (CMS) to increase funding for the Medicare Advantage program, which is administered by private insurers.
Hayek got it right in his book “The Road to Serfdom”.
Obama is using it as a how to book.
I thought insider trading was illegal. Did Obama issue an executive order exempting his administration, and it’s friends?
Where is Occupy Wall Street now that we need them?
They should...but Wall street will get away with it. The day after 0bamacare got signed, the big insurance companies’ stock jumped 4-5% that day. Incestuous relationship.
“I thought insider trading was illegal.”
Not if you’re a Rat Bastard Dem in congress.Just ask Nancy Pelosi. And, for the record, “Political Intelligence” is a highly laughable oxymoron.
In the real world that’s called insider trading and those involved could face jail time, but in Obama’s world, that’s called capitalism with ObamaCare characteristics, just as long as you donate to Obama’s Organizing for Action PAC.
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OWS had one purpose - derailing a Romney presidential run. Now they won’t be seen again, unless needed at a future election. The whole 99% thing was a farce.