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It looks like Senate Majority Leader Dr. Bill Frist, R - TN, could be in a heap a trouble. The good doctor appears to be in a bit of tiff over the FTC investigation. It seems Frist sold his share, from a blind trust, of a medical company his father founded some years ago. The FTC is investigating the possiblity that he may have done this as a result of inside information he obtained about the company's earnings, released the day after he sold his stock. A great story from Reuters explains the matter in some detail.
It's very interesting that all the allegations and improprieties are starting to fly and pretty much ALL of it is in the Republican camp. In many ways, I think the Democrats have done some of the same things it's just that the Republicans are so non-chalant about the whole thing, it's as if they openly challenge others to investigate them.
posted by Stithmeister @ 11:20 PM
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I'm currently working in the telecomm industry but one of my passions is still politics.
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