Everybody's talking about this case as if Frist was in real trouble--what gives? I hadn' heard that.
If he really had his money in a blind trust, then he should be in the clear, right? If the stock is sold before the price goes down, that's because of the investment advisos, not Frist. Or am I missing something?
The blind trust wasn't completely blind -- he knew the stock was in there.
And he ordered it sold. The trust simply picked what day or days to do so.
It was a strange way to set up a trust, and my opinion is that, in preparation for a 2008 race, he was trying to clean it up but "unfortunately" got lucky and sold before bad news.