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Frist Not Charged as Investigators Close Probe of His Hospital Stock Sales
The Washington Post ^ | 4/27/07 | Carrie Johnson

Posted on 04/26/2007 7:51:38 PM PDT by LdSentinal

Ending an investigation that clouded the tenure of former Senate majority leader Bill Frist, federal prosecutors have decided not to file insider-trading charges against the Tennessee Republican for his sales of stock in a family-owned chain of hospitals.

The U.S. Attorney in the Southern District of New York and Securities and Exchange Commission staff sent Frist letters last week signaling that they had closed their joint, 18-month investigation. The letters essentially cleared him of wrongdoing.

Frist said in a statement that he "acted properly" and that his only reason for selling stock in his trust accounts was to "eliminate the appearance of a conflict of interest."

"I've always conducted myself according to the highest ethical standards in both my personal and public life, and my family and I are pleased that this matter has been resolved," Frist said.

(Excerpt) Read more at washingtonpost.com ...


TOPICS: News/Current Events; Politics/Elections; US: Tennessee
KEYWORDS: abuseofpower; cultureofcorruption; dnctalkingpoints; donutwatch; frist; innocent; judicialactivism; makingitup; mythofcorruption; partisanwitchhunt; policestate; senator; stalinisttactics; tennessee; thebiglie; zogybism

1 posted on 04/26/2007 7:51:39 PM PDT by LdSentinal
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To: LdSentinal

Love the use of scare quotes. How about finding out if the prosecutors “acted properly”?


2 posted on 04/26/2007 7:53:59 PM PDT by Question Liberal Authority (Carbon Dioxide is plant food, not pollution.)
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To: LdSentinal

The election is over, so no more need to pursue trumped-up charges.


3 posted on 04/26/2007 7:58:56 PM PDT by Mad_Tom_Rackham (Elections have consequences.)
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To: Mad_Tom_Rackham

Bingo.


4 posted on 04/26/2007 7:59:28 PM PDT by LdSentinal
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To: LdSentinal
The timing triggered multiple federal investigations and months of complex legal reviews. Ultimately, Frist -- a devotee of the BlackBerry device -- produced a paper trail that suggested he began the process of selling the stock in late April 2005, months before he knew of HCA's troubles. According to his records, he consulted with a staff attorney at that time, when he said he was unaware of HCA's problems collecting payments from uninsured patients.

It took 18 months to find this out? The man tried to play by the rules and still got screwed.

5 posted on 04/26/2007 8:00:26 PM PDT by operation clinton cleanup
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To: LdSentinal

Where is the Rep Jackson of La. with his 90,000 frozen bucks. Why is he being hidden and the MSM dumbing this down to nothing?

I guess because the MSM think all us US citizens (real ones ) are dumber that used toilet paper.

I am now to the point I have to double check to see if a reporter has the date correct.


6 posted on 04/26/2007 8:02:00 PM PDT by Tannerone (FEED ALL TERRORIST LIVE AND OTHERWISE TO STARVED HOGS)
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To: LdSentinal

The partisan witchhunt, Pelosi’s quoted “Culture of Corruption” has proven hollow. A false victim of their show trials. Leftist McCarthyism “ZOGBYISM” has wound up with an improperly hounded and “blacklisted” Republican who’s only crime was not being a Democrat.


7 posted on 04/26/2007 8:02:21 PM PDT by weegee (Libs want us to learn to live with terrorism, but if a gun is used they want to rewrite the Const.)
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To: LdSentinal

When does Tom DeLay’s case get to come to trial? December of 2008?


8 posted on 04/26/2007 8:03:02 PM PDT by weegee (Libs want us to learn to live with terrorism, but if a gun is used they want to rewrite the Const.)
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To: weegee

They’ve stalled this out so more Donk staffs can work on fishing something up.


9 posted on 04/26/2007 8:05:52 PM PDT by Eric in the Ozarks (BTUs are my Beat.)
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To: Tannerone
William Jefferson, and there is some movement in his case; an aide or someone close to him has been subpoenaed
10 posted on 04/26/2007 8:20:17 PM PDT by Atchafalaya (When you are there thats the best)
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To: LdSentinal

So when does the investigation of Reid begin on his real estate deals in Nevada.


11 posted on 04/26/2007 9:47:59 PM PDT by Parley Baer
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To: All

People,

Tactics trumps policy every single time.

Iraq did not decide the last election. Corruption scandals did. The GOP endured a perfect storm of those. The exit polls make it very clear that Iraq was NOT the most commonly cited reason for a vote being cast in Novemnber — it was corruption scandals.

While the Democrat rhetoric does not talk about this and the media does not, you can be sure the Democrat tacticians know what the exit polls said. THAT IS WHY THEY FEARED THE US ATTORNEY FIRINGS. They feared that the GOP tacticians, who also saw the exit polls, were going to point new US attorneys at them and create the same perfect storm on them in 2008.

Priorities of attorneys need to be specified in such a way that it captures Democrat scandals and gets explicit indictments of them. You can’t outright assign them to go after Democrats. You have to, rather, pick priorities for the attorneys that you know will focus on Democrats. An example would be to make it a priority to investigate construction contracts for welfare offices, union offices, in general anything that is likely to have been a Democrat earmark. That is rich territory for getting Democrat indictments.


12 posted on 04/26/2007 10:00:37 PM PDT by Owen
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To: Tannerone
Where is the Rep Jackson of La. with his 90,000 frozen bucks. Why is he being hidden and the MSM dumbing this down to nothing?

I guess because the MSM Bush Administration thinks all us US citizens (real ones ) are dumber that used toilet paper.

13 posted on 04/26/2007 10:35:17 PM PDT by Prokopton
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