Professor Bainbridge on Senator Bill Frist's HCA stock sale - two weeks before a disappointing earnings announcement which caused the stock to fall 15%. I've noted before that a recent study demonstrated that Senators beat the market 12%, while corporate insiders are 5% better than the market and the typical US household underperforms. Unsurprisingly, the SEC is NOT investigating this interesting fact.
Posted by James Zellmer at September 25, 2005 10:43 AM | Subscribe to this site via RSS: