Frist lied about his stocks in blind trust!

[cynatnite]

Senate Majority Leader Bill Frist (R-Tenn.) was given considerable information about his stake in his family's hospital company, according to records that are at odds with his past statements that he did not know what was in his stock holdings.

Managers of the trusts that Frist once described as "totally blind," regularly informed him when they added new shares of HCA Inc. or other assets to his holdings, according to the documents.

snip:
The letters seem to undermine one of the major arguments the senator has used throughout his political career to rebut criticism of his ownership in HCA: that the stock was held in blind trusts beyond his control and that he had little idea of the extent of those holdings.

http://www.washingtonpost.com/wp-dyn/content/article/2005/10/23/AR2005102301201.html

:evilgrin:

[ClintonTyree]

1. The only thing "blind" about this entire affair.......

is Frist's blind stupidity. Hey, if prison time was good enough for Martha Stewart it's good enough for Bill Frist. Lock 'em up!

[MADem]

2. NAIL HIM!!!!

Nail him MERCILESSLY.

Greedy bastard, cat killer, incompetent physician, lousy senator!!!

When it walks like a duck:

Since 2001, the trustees have written to Frist and the Senate 15 times detailing the sale of assets from or the contribution of assets to trusts of Frist and his family. The letters included notice of the addition of HCA shares worth $500,000 to $1 million in 2001 and HCA stock worth $750,000 to $1.5 million in 2002. The trust agreements require the trustees to inform Frist and the Senate whenever assets are added or sold.

The letters seem to undermine one of the major arguments the senator has used throughout his political career to rebut criticism of his ownership in HCA: that the stock was held in blind trusts beyond his control and that he had little idea of the extent of those holdings.

The extent of Frist's knowledge of the inner workings of his trusts and his family's health care company is related to a recently launched federal investigation of possible insider trading involving the liquidation this summer of Frist's HCA stock. Within weeks of Frist's decision to sell his holdings in June, HCA shares fell sharply because of a weak earnings report. Frist has said he possessed only publicly available and not "insider" information about the company when he directed the sale and, therefore, did nothing wrong....

Frist, a heart-surgeon-turned-politician, has been actively involved in shaping national health care legislation, including passage of the Medicare prescription drug benefit, while maintaining a major financial interest in his family-founded health care business.

[Rageneau]

3. Book him, Danno.

[Callalily]

4. You say Frist lied?

I'm shocked! :sarcasm:

[saltpoint]

5. Throwing THE CAT BUTCHER into the slammer for dumping his

stock just before it tanked would be just fine with me.

If it slowed or cancelled his presidential campaign, that would be even better.

[proud patriot]

6. How long did Martha get locked up for ?

[annabanana]

7. I wonder how "blind" MOST of those trusts are...

A lot of the people in the upper reaches of government in DC are millionaires. They have all taken a pay cut to be a Senator, Rep, Cabinet Member, etc.

I wonder how many of them really have no idea what's going on with their money? I wonder if the convention of the "blind trust" has been more honored in the breech.

Not that I wouldn't LO-o-o-ove to see Frist toasted over this.

[spanone]

8. He also voted on the Medicare bill. A bill he would personally benefit

from. He not only voted but he GUIDED THE VOTE THROUGH CONGRESS. He's a crook. His family business, Hospital Corporation of America commited THE LARGEST MEDICARE FRAUD EVER.



HCA - THE HEALTH CARE COMPANY & SUBSIDIARIES

TO PAY $840 MILLION IN CRIMINAL FINES
AND CIVIL DAMAGES AND PENALTIES

Largest Government Fraud Settlement
in U.S. History
http://www.usdoj.gov/opa/pr/2000/December/696civcrm.htm

[drb]

9. Frist lied??!???! Imagine....

...my surprise.

[WiseButAngrySara]

10. Wasn't this reported on a few weeks ago? Also, what is this about

the "Cat Butcher?"

[cynatnite]

11. Frist used to go to shelters...

He'd 'adopt' a cat and take it home to 'practice' on. :puke:

[WiseButAngrySara]

12. How grotesque! Sociopathic tendencies for sure. I hope he rots in

jail.