Frist in trouble for shady finances. Again.

Stories of corruption among the GOP leadership are so common now I think I've run out of sarcastic quips to include with the stories.

In June 2000, Senator Frist took $1 million of the money that had been contributed to his 2000 Senate campaign and invested it in the stock market, where it promptly began losing money. In November 2000, Senator Frist sought to collect $1.2 million he had lent his 1994 Senate campaign committee. As a result of the stock market losses, however, Frist 2000, Inc. did not have enough money to repay the loan. Senator Frist solved this problem by having the 1994 and the 2000 campaign committees jointly take out a $1.44 million bank loan at a cost of $10,000 a month interest. Frist 2000, Inc. did not report this debt on its FEC disclosure forms. (. . .)

In a conciliation agreement reached with Frist 2000, Inc. and the committee's treasurer, the FEC stated that the campaign committee violated the law by failing to report the loan on the 2000 Year End Report and by failing to report the repayment of the loan on the 2001 Mid-Year Report. The FEC fined Frist 2000, Inc. $11,000, as required by statute.