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swag Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-27-05 03:34 PM
Original message
Frist Stock Timeline
As Steve Clemons points out over at http://www.thewashingtonnote.com ,
Think Progress's timeline destroys all the spin Frist's office has tried to put on the handling of Frist's HCA stock:

http://thinkprogress.org/frist-stock-timeline/

Small Excerpt:

2004
APRIL – FRIST LEADS MEDICAL MALPRACTICE REFORM EFFORTS; REFUSES TO SELL HCA STOCK AFTER CONSUMER GROUP FILES ETHICS COMPLAINT: “A California-based consumer group asked a Senate panel Tuesday to bar Senate Majority Leader Bill Frist from participating in the current debate over medical malpractice reform because of his ties to the nation’s largest for-profit hospital chain. The Foundation for Taxpayer and Consumer Rights said HCA, Inc., the Nashville-based hospital chain founded by Frist’s father and older brother, and its malpractice insurance subsidiary would benefit financially from Frist-backed legislation to limit liability…”

2005
JUNE 10 – 6 HCA INSIDERS COMPLETE 10-DAY, $18.6 MILLION STOCK SALE: “From June 1 to June 10, six insiders sold a total of 341,300 shares valued at $18.6 million, according to Thompson Financial.”

JUNE 13 – FRIST TELLS TRUSTEE TO SELL ALL HIS SHARES OF HCA: “According to Frist’s office, the senator decided to sell all his HCA stock — held in blind trusts managed by two companies for him, his wife and his children — on June 13.” This is only permitted under Senate rules if Frist had assumed (or was going to assume) new “duties.’

. . . more
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connecticut yankee Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-27-05 03:49 PM
Response to Original message
1. He'll get off
just like the rest of them.

They only go after Dems like Martha Stewart.
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swag Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-27-05 04:34 PM
Response to Reply #1
7. I'm not sure.
The corporate malfeasance journalist Jason Leopold thinks Frist is politically dead meat already over this:

http://worldnewstrust.org/modules/AMS/article.php?storyid=1090

And Frist not only has the enforcement division of the SEC, headed by the formidable Linda Chatman Thomsen, on him now (with the benefit of a very public recusal by Frist crony and SEC Chair Christopher Cox), but he's also got the US Attorney's office for the Southern District of New York looking in.

Frist has lied publicly about this matter already, that much is clear from his contradictory public statements. If he knows what's good for him, he'll tell the absolute truth to the SEC and the investigators from the US Attorney's office, and hope for a six figure fine to keep his proudly melanin-free ass out of the pokey.
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Free2BMe Donating Member (535 posts) Send PM | Profile | Ignore Tue Sep-27-05 03:50 PM
Response to Original message
2. If Martha's cell is still vacant..
Isn't this the same situation?
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swag Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-27-05 04:15 PM
Response to Reply #2
3. Frist hasn't had a chance to lie to federal investigators yet.
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Sydnie Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-27-05 04:16 PM
Response to Original message
4. Thanks swag!
bookmarked for future reference ... when we need to remind him of what he said/did when.
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swag Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-27-05 04:22 PM
Response to Reply #4
6. You're welcome.
Clemons is getting some interesting comments on this here:

http://www.thewashingtonnote.com/mt/mt-comments.cgi?entry_id=974
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indepat Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-27-05 04:19 PM
Response to Original message
5. Frist might wanna keep a fire extinguisher handy should his pants catch
on fire.
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swag Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-27-05 07:59 PM
Response to Original message
8. A kick before dying.
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