Wednesday, September 21, 2005

Bill Frist (R-TN): Insider Trading of Hospital Shares

AssocPress: Frist sold all his stock in his family's hospital corporation about 2 wks before it issued a disappointing earnings report and the price fell nearly 15%. Frist held an undisclosed amount of stock in Hospital Corporation of America, based in TN. HCA is 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. Hmm, Martha Stewart went to prison for this. Think she will share her knitting skills w/old Bill so he can whip up a sassy poncho while in The Big House? And this is the NOT the FIRST time Frist has committed shady business deals w/HCA. Check out this '04 US Newswire article about Frist's connections to HCA and the company's subsidiary malpractice insurer, HCI. This clearly created a personal and financial conflict of interest for Frist w/ hospital liability legislation he brought to the Senate floor. A complaint was filed w/ the Senate Select Committee on Ethics but we all know how the God fearing/ Bible spewing Billyboy was given a free pass. I wonder if Martha (who donated heavily to Dems) can teach Frist how to protect himself from becoming a prisonyard bitch?
Posted by Tina :: 12:39 AM :: 0 Comments:

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