Tuesday, September 27, 2005
Does Frist's Story Even Make Sense?
Frist says that his only purpose in divesting his blind trust of HCA stock was to avoid any appearance of a conflict of interest. But wait a minute, avoiding any appearance of a conflict of interest was the purpose of setting the blind trust up in the first place. Sure, Frist knew that he contributed the HCA stock to the blind trust, but if the trust was truly blind, how would he have known that the trustees hadn't already sold the stock? And if the trust was truly blind, why would he still be worried about conflicts of interest?
In the country of blind trusts, the one-eyed trust is King.
# posted by Neo-Malthus @ 11:49 AM 
