How Blind Was Frist's Trust?
This is Sen. Bill Frist, explaining why he had no conflict of interest in voting for or against health care legislation despite his ownership of stock in the hospital chain, HCA Inc., that his family founded:
Asked in a television interview in January 2003 whether he should sell his HCA stock, [Frist] responded, "Well, I think really for our viewers it should be understood that I put this into a blind trust. So as far as I know, I own no HCA stock"
Frist, referring to his trust and those of his family, also said in the interview, "I have no control. It is illegal right now for me to know what the composition of those trusts are. So I have no idea."
Recently disclosed facts are inconsistent with Frist's insistence that he had no idea whether he owned HCA stock:
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