Frist rebuts complaint, denies he hid $1.44M loan

[FreedomAngel82]

Link: http://www.tennessean.com/apps/pbcs.dll/article?AID=/20050714/NEWS08/507140399/1025/NEWS

Snip: <Paperwork 'done within the FEC guidelines'

By BOB KEMPER
Cox News Service

WASHINGTON — In his first public comments about his campaign finances, Senate Majority Leader Bill Frist yesterday said he was not trying to hide a $1.44 million loan in 2000 and 2001, as a complaint filed with the Federal Election Commission alleges.

Frist said the loan paperwork filed with the FEC "was all done within the FEC guidelines." The Tennessee Republican also defended his decision in 2000 to invest $1 million of his contributors' money in the stock market even though that investment lost hundreds of thousands of dollars.

"Over time, money that is placed in markets will increase faster than placed in banks," said Frist, who for the first time addressed questions about his investment and the loan. He fielded questions during a meeting in his office with regional reporters.

Only $290,000 remains of Frist's $1 million investment, and that money is being used to pay Frist's routine political expenses, making it less likely that the investment could recoup its losses.>

[ThoughtCriminal]

1. Whoa - he put $1 million in Stocks in 2000?

He must have thought Al Gore was going to win.

[rocktivity]

2. This can't POSSIBLY be legal

First Arnold Schwarzenegger signs business deal two days before his inauguration as governor, and now this???

:wow:
rocknation

[rocktivity]

3. Kick

This needs more discussion! What's the difference between this and what that Cunningham guy did with his house and boat?

:headbang:
rocknation