American politicians insider trading? NO!
Sep. 23rd, 2005 12:48 pm![[personal profile]](https://www.dreamwidth.org/img/silk/identity/user.png){kind=small}
theweaselkingSenator Bill Frist offered an explanation on Wednesday for the timing of his sale in June of his stake in HCA, the giant hospital company that his family founded, as its shares reached a peak and began a steep slide.
The senator's spokesman, Bob Stevenson, said Wednesday that Mr. Frist "made a conscious decision to divest himself of all HCA assets" so he could pursue an ambitious agenda of health care legislation free of any appearance of self-interest.
Of course, the fact that Frist and *all* the poeple with financial information were selling madly means NOTHING:
The sales, which included moves by Hospital Corporation of America's chief executive, treasurer, senior vice president for government programs and several directors, were among the largest insider selloffs analysts had seen, LoPresti said. Many officers made their largest trades ever in April, only to top them again in May and June, LoPresti said.
Bill "Cat Killer" Frist is being investigated the SEC for this. A Grand Jury is issuing subpoenas to the company to get their records.
The senator's spokesman, Bob Stevenson, said Wednesday that Mr. Frist "made a conscious decision to divest himself of all HCA assets" so he could pursue an ambitious agenda of health care legislation free of any appearance of self-interest.
Of course, the fact that Frist and *all* the poeple with financial information were selling madly means NOTHING:
The sales, which included moves by Hospital Corporation of America's chief executive, treasurer, senior vice president for government programs and several directors, were among the largest insider selloffs analysts had seen, LoPresti said. Many officers made their largest trades ever in April, only to top them again in May and June, LoPresti said.
Bill "Cat Killer" Frist is being investigated the SEC for this. A Grand Jury is issuing subpoenas to the company to get their records.
(no subject)
Date: 2005-09-23 04:55 pm (UTC)