The investigation of Bill Frist

If you’ll allow a pause in our coverage of Hurricane Rita, here’s some non-Rita-related news:

A couple of days ago, I called Senate Majority Leader Bill Frist a “crook” for profiting from an ethically-dubious and perhaps illegal sale of HCA stock just before the share price tumbled following a disappointing earnings report. That is, for insider trading. Dr. Frist, of course, has denied any wrongdoing, but the truth may yet come out:

Federal prosecutors and the Securities and Exchange Commission (SEC) have launched investigations into Dr. Frist’s questionable transaction.