Tuesday, September 27, 2005


A securities industry insider (no pun intended) tells me that if Senate Majority Leader Bill Frist did sell off shares of HCA stock in his blind trust as a result of insider trading (and it looks suspicious because he sold his shares during what looks like a wholesale sell-off among insiders in the company), he's almost surely looking at jail time.

The fact that Chris Cox has recused himself does not bode well for Frist.

What's more, if Frist's statement yesterday on the trading contains even one scintilla of fiction, he's definitely going down.

Should have talked to your lawyer before you jumped behind that mike, Dr. Bill.

No comments: