However could this be? A Republican breaking ethics rules? Please bring me my fainting couch, ASAP!
Frist Fails to Disclose Foundation Role :
WASHINGTON -- Majority Leader Bill Frist hasn't been following all the Senate's rules when it comes to disclosing details about his finances.
...Frist is under federal investigation for selling other shares of HCA stock he owned last year around the time insiders were selling and when the stock price hit a 52-week high.
His foundation did not make charitable contributions in 2004 or 2003. However, but [sic] that was allowed under IRS payout rules that generally require annual donations because the foundation in 2002 made a large contribution of roughly $877,000.
That went to the Montgomery Bell Academy, a private boys' school in Nashville that Frist attended. The money, which went toward the school's endowment, has been the foundation's main charitable gift over the years.
....Frist and his siblings are vice presidents of another charitable foundation bearing their parents' names. Frist also failed to list his position with that foundation on his Senate disclosure form
Cat-Killer Frist claims ignorance, of course, which may be technically true (he does seem to have the same general IQ as the current Resident in the White House), but that still isn't a valid excuse.
Technorati Tags: ethics, Frist, Rethuglicans
