Monday, September 26, 2005

If By "Blind" You Mean ...

The next time you hear a politician answers a question about a potential conflict of interest between a vote and stock they own by saying "Oh my assets are in a blind trust, I don't even know what I own," you should point and laugh at the t.v. set. As the NYTimes reports today, "blind" in this sense means that while "communication between the trustee and the beneficiary" is limited, whenever an asset is sold or added the beneficiary gets notified and the information is disclosed publicly.

That doesn't sound very "blind" to me. Senator Frist's got himself into a spot of hot water these days (again - I'm beginning to think he might just like the attention), and whether deserved or not, it's definitely going to be another distraction for the Majority Leader when he's got more than enough on his plate already.

2 Comments:

At 8:18 AM, Anonymous Tractarian said...

This has led to one of the best political quotes in recent memory:

"Bill Frist has this all upside down," said Rep. Rahm Emanuel (D-Ill.), chairman of the House Democrats' campaign committee. "He thought Terri Schiavo could see and his trust was blind."

 
At 1:40 PM, Blogger Jerry said...

Bwahaha! That is a fantastic quote.

 

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