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Frist sells shares of hospital 2 weeks before stock price falls

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TalkingDog Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Sep-21-05 03:47 PM
Original message
Frist sells shares of hospital 2 weeks before stock price falls
I didn't know if this was posted today or not:

http://www.dailyherald.com/search/searchstory.asp?id=96641

snip:
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.

snip:
To keep the trust blind, Frist was not allowed to know how much HCA stock he owned, Call said, but he was allowed to ask for all of it to be sold.
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wakeme2008 Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Sep-21-05 04:00 PM
Response to Original message
1. This is insider trading pure and simple
:grr:
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SammyWinstonJack Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Sep-21-05 04:02 PM
Response to Reply #1
2. But he a repug so that's perfectly acceptable. Pinhead**
did it a couple of times, didn't he?
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spanone Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Sep-21-05 04:04 PM
Response to Original message
3. Koin-ka-dink??? I think not. Good luck? I think not.
The Frists are good with money.
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EC Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Sep-21-05 04:04 PM
Response to Original message
4. And I'll bet the SEC won't investigate.. n/t
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Lefty48197 Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Sep-21-05 04:42 PM
Response to Original message
5. Will he get Martha Stewat's old jail cell? - NOMINATED
Edited on Wed Sep-21-05 04:42 PM by Lefty48197
I'll bet HIS muffin recipe SUCKS!
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