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Frist accumulated stock in family company
CNN ^

Posted on 10/12/2005 9:49:35 PM PDT by indianrightwinger

Frist accumulated stock in family company Questions of conflict of interest raised

Wednesday, October 12, 2005; Posted: 10:56 a.m. EDT (14:56 GMT)

WASHINGTON (AP) -- Over a period of four years, Senate Majority Leader Bill Frist accumulated stock in a family founded hospital chain that produced tens of thousands of dollars in income -- all outside the blind trusts he created to avoid a conflict of interest, documents show.

The stock was held in a family partnership largely controlled by Frist's brother, Thomas, who founded HCA Inc. along with the senator's late father.

Frist, R-Tennessee, has long maintained that he could vote on health care legislation and still own HCA stock because he placed his shares in Senate-approved blind trusts.

However, ethics experts say a partnership arrangement shown in documents obtained by The Associated Press raises serious doubts about whether the senator truly avoided a conflict.

(Excerpt) Read more at cnn.com ...


TOPICS: News/Current Events
KEYWORDS: frist; hca; hero; insider; sec; senate; stock

1 posted on 10/12/2005 9:49:36 PM PDT by indianrightwinger
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To: indianrightwinger

Who cares?

Every damned one of 'em is totally on the take, anyway.


3 posted on 10/12/2005 10:19:55 PM PDT by clee1 (We use 43 muscles to frown, 17 to smile, and 2 to pull a trigger. I'm lazy and I'm tired of smiling.)
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To: clee1

Exactly. Every single one of them every day acts in conflicts of interests, because they get donations in order to carve out exceptions to the law, the tax code, or to slosh some government pork someone's way.

The only way to avoid a conflict of interest is either if politicians couldn't take any donations, or if they didn't have the power to affect policy in every facet of american life - in exchange for a nice donation, of course.

Since they're politicians, however, I don't see any of that changing.

I want congress in session only four months out of the year, mandating that they must spend their off months in their home states. And that they don't get paid if they can't bring the budget growth in under the rate of inflation.


4 posted on 10/13/2005 12:10:14 AM PDT by flashbunny (Getting sick of excuses for losing while the majority party.)
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To: indianrightwinger

Does Ted Kennedy recuse himself from voting or considering any water safety legislation?


5 posted on 10/13/2005 12:11:25 AM PDT by Mind-numbed Robot (Not all that needs to be done needs to be done by the government.)
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