The Daily Sandwich

"We have to learn the lesson that intellectual honesty is fundamental for everything we cherish." -Sir Karl Popper

Location: Boston, Massachusetts, United States


Thursday, October 20, 2005

Frist used stock sale revenue for own campaign

I'd say his already-dashed presidential hopes have now sunk even lower. Into a negative percentage, which isn't even possible.

WASHINGTON - Senate Majority Leader Bill Frist paid $72,012 from his own pocket to his 2000 re-election campaign fund in August, two months after he was notified that trustees had sold millions of dollars of his stock in HCA Inc., the hospital chain founded by his father and brother.

That Aug. 30 payment was disclosed in Federal Election Commission filings last Friday. The documents also show the campaign fund on the same day paid off a $349,107 outstanding loan from U.S. Bank Corp.

Both transactions enabled the Tennessee Republican to close the Senate campaign fund in anticipation of his retirement from the Senate next year and a possible run for the White House in 2008.