Frist Sold Hospital Shares Before Drop

Senate Majority Leader Bill Frist, a potential presidential candidate in 2008, sold all his stock in his family's hospital corporation about two weeks before it issued a disappointing earnings report and the price fell nearly 15 percent.

Frist held an undisclosed amount of stock in Hospital Corporation of America, based in Nashville, Tenn., the nation's largest for-profit hospital chain. On June 13, he instructed the trustee managing the assets to sell his HCA shares and those of his wife and children, said Amy Call, a spokeswoman for Frist....

"To avoid any appearance of a conflict of interest Senator Frist went beyond what ethics requires and sold the stock," Call said. Asked why he had never done so before, she said, "I don't know that he's been worried about it in the past."

An HCA spokesman said the company had no part in Frist's decision.

http://news.yahoo.com/s/ap/20050921/ap_on_go_co/frist_shares&printer=1

:grr:

:evilgrin:

Congress, courts, and WH all need a real good cleaning. Some thing is happening. When even the military academies are full of cheats and men who rape women and a few years ago killers it has got to every place. Out of hand. With North and Pointdexter and those other Generals that make millions on that deal with RR, crooks are in. It just gets out of hand at times and gets like this. I would say it is like 1880's and the 1920's. Greed is the thing. Voters will get fed up some day.

maybe Martha Stewart can lend Frist her ankle bracelet now that she doesn't need it anymore?

put into the laws???

Hello... we all learned what insider trading was from Ms. Martha. We can draw parallels....