Tuesday, September 27, 2005

Bill Frist: Insider Trading, Blind Trusts, & Abortions

1) Sen Frist's dad, Tom Sr and the Senator's bro, Tom Jr own the company HCA. 2) Sen Frist has owned HCA stock for yrs, and for 11 yrs now he's been hounded by reporters accusing him of inappropriate unethical behavior in owning that stock & for the Dept of Justice screeching its 11 yr probe into HCA to a halt. At issue? A massive HCA fraud perpetrated against Medicaid/ Medicare for overbilling, false billing. 3) So, after yrs of accusations, Sen Frist sells off the stock precisely w/in months of when his family does... precisely at the point when he stands to make/save A LOT of money. 4) This stock was in a BLIND TRUST. A blind trust means he isn't suppose to know how much he made/saved, but the trustee of Frist's trust, M. Kirk Scobey Jr, wrote to Frist in 2002 to let him know that HCA stock was contributed to the trust & that Frist knew quite a bit about his accounts from nearly 2 dozen letters from the trust administrators. Regardless of whether it is "provably" inside trading, these facts remain: a) Since it is a family business, he probably would have had access to such info if he wanted. b) He shouldn't have been dealing with his blind trust at all. It is clear there are financial issues w/Frist here. There may not be 100% proof of insider trading, but it surely suggests it strongly, and well enough to suggest guilt. Oh yeah!... and as Reef the Dog's post points out, Frist's HCA has made millions off of abortions, and it's time for the press to get off their asses and connect this w/Bush's blatant insider trading on Harken oil stock. Bush, Cheney, Rumsfeld, Condi, Rove, Delay, etc all are profiting from their own legislation and Abramoff is organizing it.
Posted by Tina :: 12:38 AM :: 0 Comments:

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