In honor of the first day of Fall, we have the season's first snowball rolling down the hill. From AP:
When Senate Majority Leader Bill Frist asked a trustee to sell all his stock in his family's hospital corporation, a large-scale sell-off by HCA Inc. insiders was under way.Read the whole article, it goes into excellent details on how Frist's formerly "blind" trust came to see again. Such a miracle! Now THAT would explain Frist's diagnosis of Terri Schaivo's possible recovery - million dollar miracles happen every day in Frist's family!
Shares of the Nashville, Tenn.-based hospital company were near a 52-week peak in June when Frist and HCA insiders were selling off their shares - just about a month before the price dropped.
Information about the insiders' moves was publicly available through disclosures required by the Securities and Exchange Commission.
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The Foundation for Taxpayer and Consumer Rights, a California-based group, called for the SEC to investigate the majority leader's financial relationship with his brother.
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"If there was any sort of insider information that caused Frist to use ethical considerations as a cover, we think the SEC needs to investigate," said Carmen Balber, the group's consumer advocate.
SEC spokesman John Nester would neither confirm nor deny that Frist or any officer or director of HCA is the subject of an investigation, citing the agency's policy.
As for the SEC, now sure, it could just be policy NOT to talk to the press at all, and this SEC flack might just be doing his job. BUT, don't you think that it might make sense for the public to know if their Senate Majority Leader is under investigation with his family for insider trading?
The corruption of the Republican Party is utter and complete. To a single one, they all just have their hands in every cookie jar they can find. Disgusting. No wonder Frist wants the White House job so badly, Bush has sure taught him that after you're done with the corporate treasury, there is always the government one!
