SocraticGadfly: Conflicted Bill Frist gets some brotherly love

October 11, 2005

Conflicted Bill Frist gets some brotherly love

Gee, I’d like to have my brother manage my stocks in partnership while I run the Senate and vote on HCA-related issues, not to mention control the flow of legislation on healthcare.

Rather than some Republican mouthpiece claim this is all OK, listen to what real experts say:
Edmond M. Ianni, a former Wilmington, Del., bank executive who established blind trusts for corporate executives, questioned why the senator’s brother was able to manage assets “when the whole purpose of a blind trust is to ensure lack of not only conflict of interest — but appearance of conflict of interest?”
Kathleen Clark, a government ethics expert at the Washington University in St. Louis School of Law, said she doesn't believe the Senate trusts or the Tennessee trust insulated Frist from a conflict because the senator or his brother were advised of transactions and could influence decisions.
“What I find most appalling is the Senate calls it a qualified blind trust when it’s not blind,” Clark said. “Since the Senate says it’s OK, the Senate has made it a political question. It’s up to the voter. But there’s no doubt it's a conflict of interest.”

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