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    Wednesday, November 29, 2006

    No President Frist In Our Future - Frist Cites The Bible

    Former Senator Bill Frist cites this quote from the bible to explain his decision to not seek the Presidency in '08
    "In the Bible, God tells us for everything there is a season, and for me, for now, this season of being an elected official has come to a close. I do not intend to run for president in 2008."
    Ok Bill whatever you say but don't you think that in reality it just might be because of all the ethics problems that might come to light in the course of a campaign?
    He has a multi-million-dollar fortune gained largely through his ownership of stock in Hospital Corporation of America (HCA), a hospital chain founded by his brother and father. The company later became Columbia/HCA Healthcare. HCA was the subject of a decade-long federal investigation into double-bookkeeping and suspected criminal fraud involving the bilking of Medicare and other federal health programs. The company has paid $1.7 billion in fines. In 2005, Frist sold his HCA shares, which had been in a blind trust, at a time when the price of stock shares was peaking and insiders were also selling. Two weeks later the company announced that earnings would not meet expectations, causing a substantial drop in the share price. For more than a year, Frist has been under investigation by the SEC regarding allegations of insider trading. He has vehemently denied any wrongdoing, although he has not gained the quick resolution of the issue that he had hoped for. Frist also failed to publicly disclose his role in two family charitable foundations. Questions have arisen regarding his role on the board of a third charitable foundation that paid consulting fees to members of his political inner circle. In August, The Associated Press reported that Frist did not complete the 40 hours of continuing medical education every two years needed to keep his state medical license active, although he submitted paperwork to Tennessee officials indicating that he had.
    Yup - it's all right their in the bible Bill, not yours, but the one the rest of us read The Reality-based Bible. Read on....

    posted by canuk at 12:31 p.m.
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