FEC finds Frist violated law by failing to disclose $1.4 million personal loan (1 Viewer)

[danarhea]

Oops, another day, another instance of GOP corruption and lawbreaking. The FEC has determined that Frist broke campaign finance laws.

Article is here.

 

[aps]

Oops, another day, another instance of GOP corruption and lawbreaking. The FEC has determined that Frist broke campaign finance laws.

Article is here.

Interesting. Surprised? Nope.

I want to see the SEC find that Frist violated the rules against insider trading.

 

[danarhea]

Interesting. Surprised? Nope.

I want to see the SEC find that Frist violated the rules against insider trading.

Actually, Frist is still under investigation for that one.

 

[Pen]

Earlier today, Citizens for Responsibility and Ethics in Washington (CREW) received notice from the Federal Election Commission (FEC) indicating that in response to a complaint filed by CREW, the FEC found that Senate Majority Leader Bill Frist's 2000 Senate campaign committee, Frist 2000, Inc. violated federal campaign finance laws...

It does make a difference that it was Frist's campaign committee that has been charged with the violation and not Frist himself. The article doesn't say enough concerning the implications of Frist's actions.

 

[aps]

It does make a difference that it was Frist's campaign committee that has been charged with the violation and not Frist himself. The article doesn't say enough concerning the implications of Frist's actions.

So maybe the Enron executives shouldn't be held accountable.

 

[danarhea]

It does make a difference that it was Frist's campaign committee that has been charged with the violation and not Frist himself. The article doesn't say enough concerning the implications of Frist's actions.

Not Frist himself? That is not true.

In June 2000, Senator Frist took $1 million of the money that had been contributed to his 2000 Senate campaign and invested it in the stock market, where it promptly began losing money. In November 2000, Senator Frist sought to collect $1.2 million he had lent his 1994 Senate campaign committee. As a result of the stock market losses, however, Frist 2000, Inc. did not have enough money to repay the loan. Senator Frist solved this problem by having the 1994 and the 2000 campaign committees jointly take out a $1.44 million bank loan at a cost of $10,000 a month interest. Frist 2000, Inc. did not report this debt on its FEC disclosure forms.

As you can see, Frist himself was intimately involved in Frist 2000, Inc.

 

[Pen]

I'm sure your facts are right, Danar, but my confusion is that he lent his own money in one campaign and tried to get it back in another? Obviously, I have little knowledge of campaign finance law.

Frankly, I lost respect for the man with his Sciavo stunt.

 

[hipsterdufus]

I'm sure your facts are right, Danar, but my confusion is that he lent his own money in one campaign and tried to get it back in another? Obviously, I have little knowledge of campaign finance law.

Frankly, I lost respect for the man with his Sciavo stunt.

Don't forget about Frist caving on Stem Cell research too.