Thursday, July 14, 2005

Frist.....Neither a Good Doctor or Investor Be

A complaint filed with the Federal Elections Commission alleges Frist hid a $1.44 million loan his campaign secured and then gave back to him as repayment for a loan he made to his campaign. But the really funny and ironic part about this story is Senator Frist (a pro-Social Security privatizer).....the investor as detail in the Tennessean:

The Tennessee Republican also defended his decision in 2000 to invest $1
million of his contributors' money in the stock market even though that
investment lost hundreds of thousands of dollars.

"Over time, money that is placed in markets will increase faster than
placed in banks," said Frist, who for the first time addressed questions about
his investment and the loan. He fielded questions during a meeting in his office
with regional reporters.

Only $290,000 remains of Frist's $1 million investment, and that money
is being used to pay Frist's routine political expenses, making it less likely
that the investment could recoup its losses.

Outstanding!