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Tisk-Tisk Honorable Mr. Frisk.

  1. Sep 23, 2005 #1
    Tisk-Tisk Honorable Mr. Frist.

    This story first started popping up about a week ago(at least that was the first time i saw it).

    http://www.cnn.com/2005/POLITICS/09/23/hca.subpoena.ap/index.html

    My opinion is he did this sale with full knowledge and malice for the law; however, there will not be a note like the Martha Stewart case so Mr. Frist will walk away with only a slightly tarnished image. My 2 cents---what do ya'll think?
     
    Last edited: Sep 23, 2005
  2. jcsd
  3. Sep 23, 2005 #2
    I think if he weren't a senator he'd be looking at some serious jail time.

    But yeah, he'll probably get a slap on the wrist.
     
  4. Sep 23, 2005 #3

    SOS2008

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    "Feds investigating Frist's HCA stock sale
    Journal reports probe into whether Senate leader had insider knowledge"
    http://www.msnbc.msn.com/id/9450770/

    It certainly can't help him in his bid for the presidency.
     
  5. Sep 23, 2005 #4

    BobG

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    His reason for selling the stock has some credibility. It has caused him some problems for quite a while:

    Letter from the Foundation for Taxpayer and Consumer Rights to Bill Frist, July 2003

    FTCR April 2004 complaint to the Ethics Committee

    Ethics Committee's April 2004 reply finding no conflict of interest

    Frist sells the stock in June 2005 to eliminate even the appearance of a conflict of interest.

    That was seen as a positive by the FTCR, but didn't completely satisfy them:

    Granted, denying a conflict of interest for two years, then finally relenting right before the stock drops may appear abnormally fortuitous ..... :rolleyes:
     
  6. Sep 23, 2005 #5

    SOS2008

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    http://www.msnbc.msn.com/id/9455761/
     
  7. Sep 24, 2005 #6
    Frist and family involved in fraud with HCA

    The HCA stock sale by Frist goes very deep into the companies long history of being involved in fraudulent practices.

    One of the practices involved HCA buying and opening hospitals in cities across the nation. They would then undercut the prices of local non profit hospitals until the nonprofit hospitals sold out to HCA. Check out your local Catholic hospital, it is probably run by HCA.

    In one instance HCA paid $1.5 billion in fines , yet proclaimed it's innocents.

    And the fraud and deception goes much much deeper. When the name Frist is used in the links below it is referring to Tommy Frist, Bills billionaire brother. The entire family owned stock in HCA.

    I find it a bit odd that the best links I can find come from another country. Is there a coverup going on here in the U.S.??

    http://www.uow.edu.au/arts/sts/bmartin/dissent/documents/health/col_hca_over_pt2.html#Breaking up

    http://www.uow.edu.au/arts/sts/bmartin/dissent/documents/health/corporate_overview.html
     
    Last edited: Sep 24, 2005
  8. Sep 24, 2005 #7

    SOS2008

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    http://www.msnbc.msn.com/id/9455761/

    Cover-ups? Where to start? Better yet, who started looking into Frist the traitor, Rove?

    Edit: Tammany Hall spanned 80 years plus. The GOP hasn't dominated even a decade and look where it's at already.
     
    Last edited: Sep 24, 2005
  9. Sep 26, 2005 #8
    Uh-Oh, it seems Mr. Frist had a real good idea of his holding in the "blind Trust" set up to manage his money. http://www.cnn.com/2005/POLITICS/09/26/frist.blindtrust.ap/index.html

    Now, he knows how much of what he owns, and he has VERY close ties to the board---hmmmm I wonder if he had inside information and if he used it to make his sale.

    Could it be another career has ended in Washington?
     
  10. Sep 26, 2005 #9

    russ_watters

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    Frist is a jackass for a great many reasons, but that course of action is the correct one. Selling the stock while you are under investigation is a red-flag that you think you did something wrong. Selling it after is a gesture of good-faith.
     
  11. Sep 26, 2005 #10
    Don't twist the facts around. The ethics committee concluded that he didn't have a conflict of interest in April 2004. He decided to sell his stock in June 2005, long after the matter was dismissed. If he was selling it as a gesture of good faith, he would've done so in April or May 2004, not a year after the fact.
     
  12. Sep 27, 2005 #11
  13. Sep 28, 2005 #12
  14. Sep 28, 2005 #13
    It is odd in view of Republican control...except maybe they have decided to cut their losses now so there are less liabilities to face in 2006?
     
  15. Oct 12, 2005 #14
  16. Oct 12, 2005 #15
    Are we to believe that Frist never talked to his partner/brother?:grumpy:
     
  17. Oct 12, 2005 #16
    Yes (DUH!!!)

    This case stinks more and more.
     
  18. Oct 23, 2005 #17

    Astronuc

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    Frist: Stock Probe May Affect 2008 Plans
    By JAMES BELTRAN, Associated Press Writer

    http://news.yahoo.com/s/ap/20051023/ap_on_go_co/frist2008
     
  19. Oct 25, 2005 #18
    I hope he doesn't run, I really don't want to watch him mis-diagnose Terri Schaivo over and over as his opponents attack him.
     
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