The Apprentice: Bill Frist

If insider trading is a prerequisite for hosting retread versions of The Apprentice, then I nominate the majority leader of Congress, Senator Bill Frist! Why?

Well, as the Washington Post reports, Dr. Right-Wing sold $13 MILLION DOLLARS worth of stock in a family business in some timing that can only be described as 1) REALLY LUCKY for Bill or 2) the result of a tip-off Frist got from his brother (who is on the board of the business) that the stock was going to take a dive.

Precisely a month later, after the stock was sold, its price tumbled 9 percent when executives in the company -- HCA Inc., which was founded by Frist's father and on whose board Frist's brother serves -- disclosed that hospital admissions of insured patients were lower than expected, depressing profits in the second quarter.


Several ethics experts and watchdogs said they found it odd that Frist could intervene to order such a sale when the HCA stock was ostensibly out of his reach in blind trusts. Fred Wertheimer, president of Democracy 21, said, "The notion that you have a blind trust but you can tell your trustee when to sell stock in it just doesn't make any sense. It means you have a seeing eye trust and not a blind trust. It's ridiculous."

The degree of outright corruption within the GOP is truly staggering. Frist bailed on a health-care company (albeit a for-profit hospital chain). He bailed on it because he didn't want to subsidize uninsured patients on the one hand while he busily dismantles Medicaid and Medicare on the other hand. I say revoke his medical license: he clearly hates helping sick people.