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Posted by: Jon Henke on Saturday, September 24, 2005

So, Bill Frist is "facing questions from the Justice Department and the Securities and Exchange Commission about his sale of stock in his family's hospital company one month before its price fell sharply". And now, to add to that, it also turns out that Frist "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".

The former (insider trading), depending on what information he had prior to the sale, may be illegal; the latter (lying, or perhaps misleading) is not illegal, but it's certainly unethical. I suspect both Republicans and Democrats are going to spend the upcoming months considering the fate of former Speaker of the House Jim Wright. And if it turns out Frist did engage in insider trading, I hope we'll all consider the fate of Congressman James Traficant.

Frist may deserve such fates. In the meantime, I'm with Captain Ed, who suggests Frist "step down as Senate Majority Leader and allow another Republican to take the [reins]."


Incidentally, I noticed a post by Atrios yesterday speculating that, if such a charge had been brought against a Democrat, it would be on the front pages. I remembered that today, when I saw the Frist story on the front pages of....

...but, when I checked back today, I find that Atrios has, er, removed that speculation.
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Previous Comments to this Post 

LOL. Too bad you didn’t have the foresight to grab a screenshot. That would have been gold.
Written By: Matt McIntosh
Maybe Martha Stewart will loan out her funky sweater and ankle collar.
Written By: TF Stern
Too bad you didn’t have the foresight to grab a screenshot.
Wait a minute. We don’t KNOW that he didn’t grab a screenshot, do we? And we sure don’t know that nobody grabbed one. I dunno where to even start to look, for something like this, so maybe this is just a pipe dream, but yeah, that WOULD be pure gold.
Written By: Stoop Davy Dave
URL: http://
I blame Bush.
Written By: Tom Ault
URL: http://
I applaud the NY Times for giving the allegations of Frist’s fiancial misconduct prominent attention. I am still waiting, however, for Senator Schumer to receive such attention for the action of his aides in acquiring the personal credit history of Maryland’s Lt. Gov. Steele. Both incidents involve criminal investigations, both involve potentially unethical conduct...the only apparent difference is in their potential political impact. One would tarnish the image of the Republican Party, the other that of the Democratic Party. I hope that that distinction is not dictating the editorial decisions at the NY Times regarding the presentation of information to the public. Otherwise, in the interest of candor, they may have to alter their slogan to "All the Anti-Republican News That’s Fit to Print"!
Written By: RAZ
URL: http://
Better hold on a minute before swollowing the MSM’s load.

Charts and timelines here:

Written By: Sharpshooter
URL: http://
Yeah, really, Shooter.
I’ve taken some heat for being skeptical about this stuff... particulalry in light of the selective nature in which they’re brought up, as RAZ points out.

Recall Newt Gingrich? You may recall Newt paid the fine, and left office... and two years later the ethics committee basicly found the guy innocent of all charges. The money... and the position never came back. The b@$+@(D Democrats never even issued an apology.

One must needs wonder if this is simply another Newt Gingrich in the making. I won’t be jumping in with this lynch mob.
Written By: Bithead
Poll the republicans for someone who would lead like a leader, not a pussy. Someone who will gavel for order, then announce a vote on removing the filibuster. Then cancel all democrat parking privileges withing a mile of the capitol.
Written By: Walter E. Wallis
URL: http://
Hm. Looking at Sharp’s link, Frist would probably (eventually) be cleared of insider trading, but since we all know that these days Perception overrules Evidence, he may lose the Senate Majority Leader position anyway.

Honestly, I wouldn’t be too upset, especially if he voluntarily stepped down - I want someone in that position with enough strength of personality to wrangle mavericks in line on important votes and is at least somewhat more fiscally conservative than the President. Someone who would exercise the Nuclear Option at the next judicial filibuster would be nice too.
Written By: Dave
Don’t wait for the democrats. Let Frist step down temporarily, bring in Bolton to lead [I don’t believe the leader needs to be a Senator] and establish law and order. Explain very carefully to all republicans that apostates lose everything. Kill the filibuster and cut democrat staff in half.
Then on the second day...
Written By: Walter E. Wallis
URL: http://

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