The Atlanta Journal-Constitution reports Sunday on an investigation into Sen. Bill Frist's campaign finances, and discovers things that are both illegal and stupid. This could be interesting.
Here are some quotes from the story:
"Hundreds of thousands of dollars Frist's supporters had given him to run for the Senate were dwindling at a rapid rate. Much of that money was lost in a stock market investment that experts say was out of line with the way candidates traditionally invest campaign funds. Frist's campaign also took on more than $1 million in debt so that it could repay Frist for interest-free loans he made to his campaign six years earlier.
"And then, in a decision experts say violated federal campaign regulations, Frist filed reports with the Federal Elections Commission that made it difficult for his contributors and political foes to determine just how bad off his campaign finances were.
"Frist's aides, who have given contradictory responses to questions about Frist's finances, deny any wrongdoing. They said Frist, now Senate majority leader, acted within the law and in line with long-accepted campaign practices."
There's a lot there. Read the whole thing. They've done a good job of investigating this.
Cephas
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