Trent Lott Finally Gets Some Good News

Posted on September 27, 2005

Former Senate Majority Leader Trent Lott has something to toast to: the beginning of the end of Bill Frist's presidential aspirations. For Lott's traitorous, one-time protege, has just been caught in a whopper of a lie about his so-called "blind trust". He's also under investigation for insider trading by the SEC.

To summarize: Frist wants to be president. He put the stock he owns in a blind trust so as to avoid those nasty conflict of interest charges that tend to crop up when your family owns a large chain of hospitals and you're in charge of making the laws which reimburse those hospitals under Medicare and Medicaid. Apparently "blind" to the rules of a blind trust, Frist got constant updates on what was happening with his assets, instead of leaving it to the trustees, like he's supposed to. Two weeks before HCA stock tanked, he sold all the stock thereby avoiding a large loss. He's an insider: his family founded the company. He violated the blind trust rules. The next thing he knows, SEC comes calling with subpoenas.

In his latest book, Trent Lott reveals how his one-time protege in the Senate turned on him and took his job in the most underhanded and weaselly fashion. Now it's looking like Lott was right about Frist's character, because Frist has repeatedly stated in public that he doesn't even know if he owns HCA stock because that would be "illegal". And yet somehow he knew enough to order the trustees to sell HCA stock right before it tanked. Coincidence? You decide.