FEC Finds Frist 2000 Violated Law

FEC FINDS FRIST 2000 VIOLATED LAW - CREW

So, if I understand correctly, not only did Frist break the law (FEC), but he’s a horrible money manager. This, from the man who wants to be President, and from the party who thinks we should we all have our retirement plans privately invested in the stock market.

What troubles me more than the lack of reporting is the fact that in the peak of his 2000 election, Frist apparently took his campaign funds and invested them in the stock market. Any financial advisor will tell you that as you approach the time you need the funds, you should become increasing conservative about risk and liquidity. Frisk, a multi-millionaire, made the cardinal mistake of trying to double up before cashing out. He lost the bet. He should have lost the election.