(Had to update the title…I had training instead of trading…doh!)
Oh yes.
I am gonna pull me up a chair and get me a big ol’ spoon. Cuz I am EATING THIS UP!! I love it. Frist is going down for his insider trading on HCA stock just before it tanked.
And no, don’t say “we don’t know for sure”.
- It’s supposed to be a blind trust. You don’t know what’s in it, or when and how much is sold. He explicitly told them to sell HCA stock on a certain date. The entire reason he was allowed to hold that much stock in a health care company and be involved on healthcare legislation without a conflict of interest is because it was supposed to be a blind trust.
- His brother is an executive at HCA.
- He was suddenly concerned about a conflict of interest (is why he made the sudden huge sell). When his spokesperson was asked about why he wasn’t interested before, they basically said he wasn’t concerned til now. Just weeks later, HCA stock tanks 15%.
Sorry, but whatever the means, I’m SO glad to see a fundie shot down. The scary thing is this guy had a shot at the next presidency. Now if we get Santorum out of the way, I’ll be able to breathe a little easier knowing it’s just three more years of hell on earth and we can get started trying to repair some of the damage.
September 23rd, 2005 at 12:18 pm
One Response to “Insider trading all-you-can-eat-buffet”
Please be true. Please be true. Please be true.
September 23, 2005 @ 3:32 pm