Friday, September 23, 2005

The trust wasn't blind, so why do some Republicans blindly trust this guy?

It now turns out that the Securities and Exchange Commission is investigating Senate Majority Leader Bill Frist's sale of stock which was supposedly in a blind trust.

The sale raised eyebrows because Frist would have had intimate knowledge of the company, Hospital Corporation of America, founded by his father, and the sale was just ahead of a major drop in the stock's price caused by a disappointing earnings report. In fact, other insiders are also being investigated.

More concerning, however, is that Frist apparently knew that it was in his blind trust. What good is a blind trust (designed to avoid conflict of interest by government officials who have to pass legislation that could affect various companies) if it isn't actually blind? How could we trust the Senate Majority Leader if he can't even follow a simple rule like not guiding his blind trust?

I've blogged in the past about how Bill Frist is poll driven and willing to change positions for political gain so now it seems apparently he is corrupt also.

And this is the guy who Republicans in the Senate asked to lead them (and who himself plans to run for President in 2008).

3 comments:

Karen said...

The cat killer WON'T WIN!! I HOPE they run him - we gots the gooooods on HIM!! He'd make our candidates look like boyscouts, whomever they might be. Just a thought!

Anyway, wanted to thank you for the comment on my blog, and for the link. EXCELLENT place!! That's what we need on a national level. That's actually what I THOUGHT DNC was gonna be, initially. It wasn't, but I still love it.

Lizzy said...

Eli,

Should be real interesting to see how this one plays out. Equality, I fear not. Justice, less doubtful.

And tell Karen, yeah I know what she si feeling regarding the DNC.

*grabbing my head in wonder*

Going to DC, be back Sunday.

dorsano said...

I hope that Frist is the GOP nominee for President in 2008 - I for one hope that he survives till then.