http://www.washingtonpost.com/wp-dyn/content/article/2005/10/23/AR2005102301201_pf.html

Quote :

"enate Majority Leader Bill Frist (R-Tenn.) was given considerable information about his stake in his family's hospital company, according to records that are at odds with his past statements that he did not know what was in his stock holdings. Managers of the trusts that Frist once described as "totally blind," regularly informed him when they added new shares of HCA Inc. or other assets to his holdings, according to the documents. Since 2001, the trustees have written to Frist and the Senate 15 times detailing the sale of assets from or the contribution of assets to trusts of Frist and his family. The letters included notice of the addition of HCA shares worth $500,000 to $1 million in 2001 and HCA stock worth $750,000 to $1.5 million in 2002. The trust agreements require the trustees to inform Frist and the Senate whenever assets are added or sold. The letters seem to undermine one of the major arguments the senator has used throughout his political career to rebut criticism of his ownership in HCA: that the stock was held in blind trusts beyond his control and that he had little idea of the extent of those holdings. The extent of Frist's knowledge of the inner workings of his trusts and his family's health care company is related to a recently launched federal investigation of possible insider trading involving the liquidation this summer of Frist's HCA stock. Within weeks of Frist's decision to sell his holdings in June, HCA shares fell sharply because of a weak earnings report. Frist has said he possessed only publicly available and not "insider" information about the company when he directed the sale and, therefore, did nothing wrong."

10/26/2005 8:47:05 AM

Yes.

10/26/2005 9:16:33 AM

this is nuts one thing after another.. first he isnt reporting shit to the ethics committee then conspiracy, now insider trading this guy is def. needs to be investigated thoroughly

10/26/2005 9:23:38 AM

hehe, what the fuck is going on with the GOP??

10/26/2005 9:29:00 AM

they're getting caught

Al franken was on the daily show last night (i know, i know, two liberal jew comedians talking about taking down the gop ), and he says that his scenario at the end of his new book goes like this

1.) win back one of the houses in '06
2.) investigate the bush adminsitration
3.) right before bush's term is over and a democrat is on the way in, hold a "quickie impeachment"

sounds good to me. Oh, and it also involves Al running ofr minnesota senate seat in '08

10/26/2005 9:44:56 AM

he is going to run?

10/26/2005 10:03:54 AM

he sure sounded that way last night

10/26/2005 10:18:47 AM

Old news. No one is going to miss Frist anyways. He's just a presidential wannabe.

10/26/2005 10:45:07 AM

^^^
He won't decide til '07.

10/26/2005 10:52:09 AM

The quickie impeachment thing was awesome. I think we should definitely do that.

10/26/2005 1:58:27 PM