Thursday, September 29, 2005
The Domino Effect?
Will Tom DeLay's indictment be the domino that knocks down the entire corrupt GOP leadership? Watchdog alleges Frist made $2-6 million on insider trade
Senate Majority Leader Bill Frist, now under a formal investigation by the Securities and Exchange Commission for insider trading, made between $2 million and $6 million by selling his HCA holdings just before stock values plummeted in the face of a bad earnings report, an analysis released today by the nonprofit, nonpartisan Foundation for Taxpayer and Consumer Rights (FTCR) alleges. FTCR also pointed to overly rosy earnings projections made by HCA executives at a conference with investors just as Frist and HCA insiders were dumping HCA stock en masse, saying HCA Sr. Vice President Vic Campbell's made misleading statements to investors.SEC intensifies probe of Senate's Frist
The U.S. Securities and Exchange Commission has given subpoena power to investigators looking into the stock sales by Senate Majority Leader Bill Frist, said sources familiar with the matter on Wednesday.Remember, "Every time a Republican is indicted, God creates a kitten."
Please, think of the kittens!
More blogs about politics.