Senator Frist's Not-So-Blind Trust

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Senator Frist's claim to have a Blind Trust and no knowledge of his HCA share transactions was misleading as reported in the Washington Post today. The stock had a major drop on July 13th with over 10 million shares traded as can be seen by reviewing both Price and Volume charts. HCA shares reached an al time high in June and then dropped from a High of $58.60 to $45.80 recently. That's a 22% drop In price that Senator Frist avoided by selling his stock near the High point.

Senator Frist ordered the trustees to sell his shares on June 13, one month before the company said second-quarter profit would miss earnings estimates. The trustees notified Frist on July 1 that the shares had been sold. When HCA announced lower- than-expected earnings July 13, the stock fell $4.86 to $50.05, the biggest decline in more than two years. During the two-week period when Frist's sale occurred, the shares averaged $57.21, reaching a 52-week high of $58.60 on June 22.

The question comes down to the same one we ask at every cross point in a scandal with this government and past ones, "What did he know and when did he know it?" Mr. Frist should remember from recent events, it is the coverup that can get you in more trouble than the event itself. He should take heed at this advice or will go the way of other politicians trying the same shenanigans.