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


Friday, May 25, 2007

Guess what? Irony!

Because BushCo is still totally incapable of doing anything that isn't exasperatingly irrational. Or replacing a corrupt appointee with a non-corrupt appointee.

WASHINGTON -- The White House is starting to draw up a list of potential nominees to lead the World Bank, and former U.S. Senate Majority Leader Bill Frist, a heart surgeon who has traveled widely in Africa, is getting especially close scrutiny for the job.

Frist, potential nominee to lead the World Bank, received quite a bit of scrutiny for his financial dealings, which... well, allow me to cut 'n paste myself.

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.

Yep. World Bank. Because the man you want (ostensibly) dedicating his life to helping developing nations reduce poverty is the kind of guy best known for abandoning his medical training for a chance to proclaim that a brain-dead husk of a human being is actually a few minutes away from doing musical theater. You know-- a realist. In Bizarroworld....