The managers of Bill Frist's supposedly blind investment trusts wrote him more than a dozen times describing the addition or sale of assets in his and his family's accounts, the Washington Post reports
this morning. These letters included information about hundreds of thousands of dollars in HCA shares added in 2001 and in 2002. According to the Post
story, Frist told CNBC in early 2003: "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. [The trust is] totally blind."
In an impressive feat of understatement, a Frist spokesman now says "He could have been more exact in his comments."