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"I know he wouldn't do anything intentionally wrong," Reid said of his counterpart.
Reid, who has spent most of his life in public service, immediately distinguished his net worth from that of Frist, whose family started the hospital chain and has been millionaires for decades in Nashville. "Idon't have the resources he has," Reid said.
Still, the Nevadan has assembled a large number of holdings -including a chunk of stock in HCA, the company at the center of the investigations by the Securities and Exchange Commission and the U.S. Attorney for the Southern District of New York.
Ironically enough, Reid has profited off the Frist family's fortune in the past. On April 6, 2004, Reid sold between $1,001 and $15,000 worth of HCAstock, leaving him with less than $1,000 worth of the stock as of Dec. 31, according to financial disclosure reports filed with the Secretary of the Senate.
Reid also invested in another company founded by a colleague, Kohl's Corp., the department store chain once run by Sen. Herb Kohl (D-Wis.). On the same day he sold HCAstock, Reid also sold off a similar amount of Kohl's stock, leaving him with less than $1,000 in the department store.
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