Sleaze Epidemic Widens?!?
In a breaking news story surely not welcomed by the incumbent party, Senator Bill Frist is being investigated by the SEC and the Department of Justice for what amounts to insider trading.
Basically, Frist sold what stock his blind trust owned in his family’s healthcare company, HCA, just a month before its share price fell sharply. The transaction took place during a period when company executives, including his brother, were selling their stocks, too.
This may remind you of Enron – but remember Enron also bankrupted their employee’s retirements. HCA and Senator Frist didn’t, although the value of Frist’s stock in the 2008 race must be plummetting now with this news spreading.
But doesn’t this raise concerns that the Republicans are facing one too many news stories about allegations of corruption? Sleaze plagued a long-empowered Conservative Party in the UK, and despite Blair’s unpopularity, that party has been out of power for the last 8 years, and quite possibly a good deal more. Will the same happen here?