Apparently, the Majority Leader did a presser this afternoon to deny insider trading:
Senate Majority Leader Bill Frist said Monday he had no insider information when he sold stock this summer in HCA Inc., a hospital company founded by his father and brother.Actually, he just read a statement, no questions were allowed. I'd say his credibility is pretty much gone. Once a pol appears before cameras to issue a carefully worded denial, you know the clock is ticking. Plus, he's got the SEC and the US Attorney in New York on his ass.
UPDATE: Raw Story has the entire statement. Worth a read.
