THE WEBLOG OF KEVIN C. MURPHY: CONJURING POLITICAL, CINEMATIC, AND CULTURAL ARCANA SINCE 1999

Catkiller goes Gekko.

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By way of Looka, did Catkiller Frist pull a Martha? "Senate Majority Leader Bill Frist, a potential presidential candidate in 2008, sold all his stock in his family's hospital corporation about two weeks before it issued a disappointing earnings report and the price fell nearly 15 percent...To keep the trust blind, Frist was not allowed to know how much HCA stock he owned...but he was allowed to ask for all of it to be sold." Update: The Post has more: "The notion that you have a blind trust but you can tell your trustee when to sell stock in it just doesn't make any sense. It means you have a seeing eye trust and not a blind trust. It's ridiculous." Update 2: The SEC steps in, and subpoenas start flying.

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This page contains a single entry by KcM published on September 21, 2005 8:35 PM.

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