09/24/2005: Did Bill Frist's Blind Trust regain its eyesight?
Or, more likely, was it never really blind to begin with? From the AP: Frist Knew About Blind Trust Investments
Senate Majority Leader Bill Frist, R-Tenn., was updated several times about his investments in blind trusts during 2002, the last time two weeks before he publicly denied any knowledge of what was in the accounts, documents show.Yeah, riiiiiiggggggghhhhhhhhtttttttt.....
The updates included stock transactions involving HCA Inc., the hospital operating company founded by Frist's family.
Frist sold his HCA stock from several blind trusts this summer, at a time when insiders in the company also were selling off shares worth $112 million from January through June. Frist aides say he sold his stock to avoid any appearance of a conflict of interest.
Frist, asked in a television interview in January 2003 whether he should sell his HCA stock, responded: "Well, I think really for our viewers it should be understood that I put this into a blind trust. So as far as I know, I own no HCA stock"
Frist, referring to his trust and those of his family, also said in the interview, "I have no control. It is illegal right now for me to know what the composition of those trusts are. So I have no idea."
Len on 09.24.05 @ 01:56 PM CST