Posted on 09/22/2005 6:07:56 PM PDT by NormsRevenge
Posted 2 days earlier
Frist Sold Hospital Shares Before Drop ^
http://www.freerepublic.com/focus/f-news/1488724/posts
make that similar article posted 1 day ago.
So they pound him and pound him to sell the stocks and then he does. And now they are after him for that.
Maybe as a Doc he knew they were taken in more welfare cases. In that case he was smart to dump his stocks.
This is a bit different, puts the sale in wider context.
hey- he still isn't the magician heir hillary is- turning $1 into $100K on pork rinds!
Yup..
FRom the article..
Uninsured patient admissions were rising faster than those of insured patients, federal reimbursements were declining in real terms and payments did not keep up with cost increases. LoPresti himself discussed the insiders' moves as a warning to sell on an April 11 broadcast on the cable channel CNBC.
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Probably another reason why the Minutemen are getting geared up in that neck of the woods to go after illegals, etc.
Interesting
There might be something to this, or the enemy may just be trying to make hay. AFter all, some folks actually do sell and take profits when stocks hit a certain price point.
But I would imagine the left will have a field day with this, even if no impropriety is there to be found.
I guess he's an okay feller but presidential material he ain't. IMO, of course.
The unfortunate things is the SEC takes forever to do anything and plays right into the hands of those who would cast aspersions and use this for their own agendas..
What idiocy. Frist didn't sell anything. His portfolio managers did.
I'm so sick of the fricking double-standards. Dims can get away with murder, but if a Republican so much as frowns then he should resign.
Correcto Mundo, it is a blind trust. The objective is to prevent this sort of thing.
"hey- he still isn't the magician heir hillary is- turning $1 into $100K on pork rinds!"
In her wildest dreams she couldn't be as rich as the Frist's.
There is "insider" information and there is "insider" information.
I see the insider information that is criminal as that put out in a board meeting.
I do not see it as "insider" in the people having dealings with the hospital notice that there are a bunch of uninsured starting to come in. A nurse, doctor or dishwasher who notices things are not right is smart to get out when they can. That's called smart.
I, along with others here, don't like the guy and thing he'll bomb as a candidate but we don't wish him ill.
"Correcto Mundo, it is a blind trust. "
Someone peeked.
HCA sucks anyway. My mom work for years for them. She sold the stock as soon as she retired (about the same time as Frist). The problem with for profit hospitals is that they compete in almost every city with non profits. And they have to take welfare patients by law. With the insurance guys getting tougher on what they reimburse, I don't see how they make much money anyway. Disclaimer: Mom retired under difficult circumstances so that probably clouds my thinking a bit!
My Mom works for HCA and has already discussed selling some of her stock this month. Katrina will cause a loss for this quarter. Is that "insider" information? Anyone who tracks what's going on in healthcare knows when to sell.
Frist and POTUS? No way!
I will never give a penny to his bid.
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