On the subject of insider-trading in general, I do remember a fascinating WSJ piece years ago by George Gilder — or I think it was by him — arguing that anti-insider-trading laws violate free speech rights (they bar free citizens from telling others truthful information). I don’t bring this up because I endorse that view or seek to absolve Frist. Rather, I mention it simply because I always thought it was an interesting and unconventional complaint and a good example of how we censor all sorts of speech but don’t call it censorship if we approve of it. This, I recognize, is one of my perennial complaints/observations.