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Here is an article about it, but the author here seems to think Frist doesn't have much of a chance. I'm not sure how competent he is though.
http://www.theinquirer.net/default.aspx?article=34388
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The last paragraph of that column is what it's all about, bankers. Unless Frist is an idiot (although there is proof of that), pissing off bankers and President Frist do not go togther well.