a few more thought on Tom Delay
- Although Tom Delay is from Houston, he was indicted in
Travis County (Austin) because the state capitol is
here. The prosecutor is Ronnie Earle, a Democrat, but
hardly the "partisan fanatic" that Delay calls him. He
has brought charges against 15 major Texas political
figures during his career and 12 of them were
In 2004, Delay won re-election by only 52% from a
weak,unknown, under-financed opponent. Ex- US Rep.
Nick Lampson (D-TX) was one of 5 casualties of Delay's
off year redistricting plan in 2003 and has since
moved into Delay's district to challenge him in 2006.
In my opinion, Delay may be the most ruthless figure
in US politics right now and will not go quietly.
--- Ram Lau <ramlau@...> wrote:
How do your neighbors react to his indictment?
Probably lots of
sympathy for him?
--- In email@example.com, THOMAS JOHNSON
> Not to mention treasonous acts under investigationin
> the White House.http://news.yahoo.com/s/ap/20050928/ap_on_go_co/frist_stock;_ylt=AuNfWBVN6Y3EpVHKTfaFBGYGw_IE;_ylu=X3oDMTA4NGRzMjRtBHNlYwMxNjk5
> Delay was indicted in my county in TX.
> --- Ram Lau <ramlau@y...> wrote:
> Both Houses are on fire. Jon Stewart must have a lot
> to say in these days.
> --- In firstname.lastname@example.org, Greg Cannon
> > SEC Upgrades Sen. Frist Stock Inquiry
> > By MARCY GORDON, AP Business Writer 1 hour, 18
> > ago
> > WASHINGTON - The
> > Securities and Exchange Commission, which is
> > a stock sale by Senate Majority Leader Bill Frist,
> > upgraded its initial informal inquiry to a formal
> > investigation.
> > The change means the agency can issue subpoenas
> > documents rather than just requesting them.Federal
> > prosecutors also are investigating the Tennesseeabout
> > Republican's recent sale of stock in HCA Inc.
> > two weeks before its price dropped. Frist's familyperson
> > founded the big hospital operating company.
> > The SEC has made the investigation formal, a
> > familiar with the matter said Wednesday, speakingon
> > condition of anonymity because the agency does nothas
> > comment publicly on its inquiries.
> > It is customary in potential cases of insider
> > for the agency to initiate a formal inquiry so
> > investigators can obtain telephone and financial
> > records and other documents.
> > "We're going to cooperate with them every step of
> > way. This is a usual step in inquiries of this
> > nature," Frist spokesman Bob Stevenson said. Asked
> > whether any subpoenas had been issued to the
> > leader's office, he said, "I can't get into that
> > now."
> > Already, Nashville, Tenn.-based HCA has said it
> > received a subpoena from the office of the U.S.share
> > Attorney in Manhattan asking for documents the
> > believes are related to Frist's sale of company
> > Frist's office said prosecutors and SEC
> > had contacted the senator's office about the sale.
> > Frist ordered the stock sold from several blind
> > this summer, about two weeks before HCA issued a
> > disappointing earnings forecast that drove its
> > price down almost 16 percent by mid-July.and
> > He sold the stock at a time when top executives
> > directors of HCA including the chief executiveand
> > the treasurer also were selling off shares wortha
> > total of $112 million. Aides to the majorityleader,
> > who is widely considered a potential presidentialof
> > candidate in 2008, say he ordered his trustee to
> > his shares to avoid any appearance of a conflict
> > interest.specialize
> > The new SEC chairman, former Rep. Christopher Cox
> > (news, bio, voting record), on Monday said that to
> > avoid a potential conflict he will take no part in
> > agency's investigation. Cox was a member of the
> > Republican leadership in Congress with Frist.
> > Frist has hired two private attorneys who
> > in securities litigation and insider tradingcases:
> > William McLucas, a former SEC enforcementdirector,
> > and Harry Weiss, a former SEC attorney who was aand
> > co-author of a text titled "Preventing Insider
> > Trading." Their representation of Frist was
> > by their law firm, Wilmer Cutler Pickering Hale
> > Dorr.to:
> > ___
> > Associated Press writer Jonathan M. Katz in
> > contributed to this report.
> > On the Net:
> > Securities and Exchange Commission:
> > Hospital Corp. of America Inc.:
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