9/23/2005

Republican leadership in the Senate, House and WH are ALL officially under investigation.

The GOP's motto of "Bringing integrity back to the White House" turned out to be just another one of their bait & switch scams -- law

Frist under SEC investigation; FBI in the White House
by kos
Fri Sep 23rd, 2005 at 12:24:40 CDT

The trifecta is complete. The Republican leadership in the Senate, House and White House are ALL officially under investigation.

Frist

The Securities and Exchange Commission is investigating stock sales made by Senate Majority Leader Bill Frist in HCA Inc. shortly before the Nashville, Tenn.-based company warned it wouldn't meet its previous second-quarter earnings forecast.
Mr. Frist, a Tennessee Republican and a potential presidential candidate in 2008, sold all his stock in HCA about two weeks before the company's share price plunged. News of the stock sales surfaced in news reports earlier this week. The company was founded as Hospital Corp. of America in 1968 by Mr. Frist's father, Thomas Frist, his older brother Thomas Frist Jr., and Jack Massey, who had made millions as the owner of Kentucky Fried Chicken.

The SEC is looking into whether Mr. Frist had any inside knowledge of problems at the company that prompted his sales, according to a person with knowledge of the matter.

Rove

Republican lobbyist Jack Abramoff bragged two years ago that he was in contact with White House political aide Karl Rove on behalf of a large, Bermuda-based corporation that wanted to avoid incurring some taxes and continue receiving federal contracts, according to a written statement by President Bush's nominee to be deputy attorney general.

Timothy E. Flanigan, general counsel for conglomerate Tyco International Ltd., said in a statement to the Senate Judiciary Committee last week that Abramoff's lobbying firm initially boasted that Abramoff could help Tyco fend off a special liability tax because he "had good relationships with members of Congress," including House Majority Leader Tom DeLay (R-Tex.).

Abramoff later said "he had contact with Mr. Karl Rove" about the issue, according to the statement by Flanigan, who oversaw Tyco's dealings with Abramoff and his firm and received reports from Abramoff about progress in the lobbying campaign. Flanigan's statement is the latest indication that Abramoff promoted himself as having ready access to senior officials in the Bush administration.

(Josh fills in some of the blanks in that Washington Post story I quote above.)

DeLay (in addition to the Abramoff stuff)

A grand jury in Texas indicted yesterday a state political action committee organized by House Majority Leader Tom DeLay (R-Tex.) for accepting $120,000 in allegedly illegal corporate campaign contributions shortly before and after the 2002 elections that helped Republicans cement their control of the House of Representatives.

This, in addition to the Plame investigation and DeLay's multitude investigations for ethics violations. The White House and DeLay have been swimming in investigations, even though Democrats have no investigative powers given their minority status in both chambers of Congress. Frist was the lone holdout. Good to see him join the sleaze club.

Daily Kos: Frist under SEC investigation; FBI in the White House

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