Feds seek records for Frist stock sales

[Jon8503]

By MarketWatch - Last Update: 10:03 AM ET Sept. 23, 2005

NEW YORK (MarketWatch) -- Hospital firm HCA Inc. said Friday that the U.S. attorney in Manhattan had subpoenaed documents the company said are related to stock sales by Senate Majority Leader Bill Frist of Tennessee.

Earlier this week the senator announced that he and his immediate family had sold all the shares they owned in HCA (HCA: news, chart, profile) , which was founded by his family in the late 1960s.

Frist spokesman Bob Stevenson said Thursday that the senator had had no inside information about the company when he directed his trustees to sell the stock and that the senator "will provide the SEC any information that it needs with respect to this matter."

The majority leader had been criticized for continuing to own stock in the company while opposing medical-malpractice legislation, which could benefit the company financially.

http://www.marketwatch.com/news/story.asp?guid=%7B7EEE110C%2DCE13%2D400A%2D9AC1%2D658BED43DD8E%7D&siteid=mktw&dist=

[Coexist]

1. Yes! Recommended!

wooo hooo!

[Supersedeas]

4. a culture of corruption...will the Corporate Media expose it

[Mr_Spock]

2. Doggone it Frist - practice reaching for your ankles my friend.

Oh, you're not my friend Frist, it's just an expression :p

[Coexist]

3. Rawstory has a link to the Yahoo article - let's rate it up!!!

http://www.rawstory.com/

[rwork]

5. His goose is cooked

politically and maybe legally.

[true_con]

8. *If* he did something illegal.

I know it is tempting to burn a repuke at the stake due to an allegation, but let's not stoop to their level and find someone guilty before he is even indicted.








Nah, just kidding. Of course he did something illegal! He's a repuke and a politician! If they can cluck cluck to Martha, then the same goes for them. Maybe rove did this to get him back for the stem cell thing!

[Lerkfish]

11. you had me going there after the first paragraph...

you sneaky bugger.

:)

[true_con]

12. I was wondering

when someone would notice.

[kestrel91316]

6. Teeheehee, snicker, snicker, giggle, guffaw!

[The Magistrate]

7. The Crime Here Is So Evident, Sir

The old western dictum "We'll give ye a fair trial a'fore we hang ye" applies....

[progressoid]

9. Ruh Roh.

[CrackpotAmerica]

10. Blatant Corruption

It's all coming out. . .

AT LAST!

:kick:

[true_con]

14. This is rove pushing frist under a bus

for his stem cell stance. It took some time, but they got him.

[CrackpotAmerica]

17. I think my mind has just exploded!

As smart as I think I am (duh,) I would have never thought of that!

Thx!

[GreenPartyVoter]

13. Not sure that he will get anything more than a slap on the wrist.

He is a Repub, after all.

[4_TN_TITANS]

15. Look deeper......

Why in the world would Frist sell hospital stock, even if he knew it was going to take a little dip??? Why wouldn't he just ride it out? After all, one would think medical industry stock would be a sure bet, regardless of ups & downs.

The family had owned it since the 1960's. Of course I love seeing him caught with his hand in the jar, but why would he risk it, unless he was anticipating serious market trouble up ahead?

This is scary to me.... I've been thinking for weeks that I ought to yank out my 401k savings before the winter fuel situation tanks the market.

[CitrusLib]

16. Hypocrisy. The mating call of the far right.