Frist-a-licious

The New Slick Willy - Bill Frist - denies that he did anything wrong by hiding a $1.44 million loan he took out and investing $1million of donated campaign funds in stocks and bonds. He claims, of course, that everything was done according to FEC guidelines and rules, and that everything's hunky dory.

And according to the AntiCentenarian Super Double Secret Beltway Reporter, he also says "Hey man, what can I say? It was just a couple mil. Everybody's got that cash just stuffed around, whazzabigdeeeel?"

Looks like Frist is using the Olde Rich Frist Family Defense: swindle the cash and claim legitamacy.

As for that money he invested- like Willy's medical prognoses on the Senate floor, it would be wise to take his investment advice too seriously:

Only $290,000 remains of Frist's $1 million investment, and that money is being used to pay Frist's routine political expenses, making it less likely that the investment could recoup its losses.

The campaign also owes a $349,000 bank loan.

Frist would not identify the mutual funds in which he invested.