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By Charles Pugsley Fincher, A Spin-Off of ThadeusandWeez.com
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From WashingtonPost.com:
Frist Says He Had No Inside Data On Stock
Senator Calls Sale An Effort to Avoid Conflict of Interest
By Charles Babington and Carrie Johnson
Washington Post Staff Writers
Tuesday, September 27, 2005; A01
Senate Majority Leader Bill Frist, facing federal inquiries into his sale of hospital company stock, said yesterday that he had no inside information about the stock's likely performance and sold the shares solely to avoid a possible conflict of interest in case he seeks higher office.
Frist (R-Tenn.), who is weighing a 2008 presidential bid, said he began taking steps to sell all the stock held in a trust about three months before its value sharply fell. The Justice Department and the Securities and Exchange Commission are looking into his June sale of all his holdings in HCA Inc., a Nashville-based company that his family founded. The next month, the stock's value dropped 9 percent after the company issued a disappointing earnings forecast.
09.27.05
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The name "The Illustrated Daily Scribble" is a trademark and is also copyrighted 2005 by Charles Pugsley Fincher. All illustrations and comic strips together with their characters appearing on this site are copyrighted 2005 by Charles Pugsley Fincher and may not be reproduced or used without his permission. Copyright 2005 by Charles Pugsley Fincher.
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