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Topic: Blind trust

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	Trust (law) USA - Wikipedia, the free encyclopedia
		Nevertheless, unless the terms of the trust document are incompatible with public policy (creating a trust to advance a criminal enterprise, for example), the governing local law generally allows most trust agreements to be enforced according to their terms.
		Typically a trust is created by (1) written instrument (the trust document) signed by both the settlor (who may be the only beneficiary) and the trustee or (2) the last will and testament of the settlor.
		In order to qualify as a charitable trust, the trust must have as its object certain purposes such as alleviating poverty, providing education, carrying out some religious purpose, etc. The permissible objects are generally set out in legislation, but objects not explicitly set out may also be an object of a charitable trust, by analogy.
	en.wikipedia.org /wiki/Trust_(property) (3953 words)

	Frist knew about blind trust investments - Boston.com (Site not responding. Last check: 2007-10-15)
		Frist sold his HCA stock from several blind trusts this summer, at a time when insiders in the company also were selling off shares worth $112 million from January through June.
		The documents filed by the trustees of Frist's blind trusts were obtained by The Associated Press on Friday.
		On Jan. 14, 2002, a trustee for Frist's children notified the secretary of the Senate that two investments were added to the blind trusts of Frist's sons Jonathan and Bryan -- including HCA stock valued at $5,000 to $10,000.
	www.boston.com /news/nation/washington/articles/2005/09/24/frist_knew_about_blind_trust_investments (921 words)

	Gov John Lynch Assets in a Blind Trust (Site not responding. Last check: 2007-10-15)
		The blind trust will be managed by William Steele, a certified public accountant in Manchester.
		Governor-elect Lynch placed in the blind trust the investments and assets of his family, as well as the ownership and assets of the Lynch Group, the business advising company he ran until he began his gubernatorial campaign.
		Not included in the trust is the Lynch family home in Hopkinton, personal property (such as the family's cars), and Knoll Inc. stocks options that cannot be legally transferred into the trust until they are sold.
	www.state.nh.us /governor/news/010405blindtrust.htm (371 words)

	Bay Area skiers feel thrill they can't see / Blind trust on the slopes
		Discovery Blind is financed by donations and run primarily by volunteers, including fl-diamond skiers and instructors from Tahoe ski resorts who give up their time to help unsighted skiers at Kirkwood.
		Blind skiers start with what is called "straight running." Two guides each hold an end of a bamboo pole, and the blind skier grabs the center with both hands.
		Once a comfort level is reached, the blind skier advances to "horse-and- buggy," in which a guide and trailing skier are in single-file position and linked by two bamboo poles, each firmly placed under their arms.
	www.sfgate.com /cgi-bin/article.cgi?file=/c/a/2004/01/29/MNGPE4KEH71.DTL (1258 words)

	The Spoof - Tom Frist Heals the Blind: Trust Me.
		Frist, worth an estimated $35 million dollars placed his investments in a blind trust over which he would have little knowledge or say, in order that he may serve in Washington without giving any favor to firms in which he had an investment.
		Blind and crippled investors from as far away as Lourdes, France have reportedly begun showing up at Frist's Senate office, asking that their portfolio's be healed.
		Frist's timely decision to unload HCA stock from several of his blind trusts at the same moment insiders in the company began dumping shares could just all be a coincidence, consoled fellow inside trader Martha Stewart.
	www.thespoof.com /news/spoof.cfm?headline=s2i9378 (444 words)

	Vincent Foster: THE SIX MONTH LATE BLIND TRUST
		The reason that the trust is "blind", with the first family unaware of just exactly how their funds are invested, is to prevent awareness of personal welfare from influencing matters of National Policy.
		That the trust does not include all the Clinton assets was revealed by Carolyn Huber's testimony regarding a file cabinet in the private residence with (among other items) paperwork on the Clinton's "condo", an asset which should be under the care of the trustees.
		The paperwork and records for the blind trust had to have been among the boxes of records looted from Vincent's office prior to its being sealed by the investigating officers.
	www.whatreallyhappened.com /RANCHO/POLITICS/FOSTER_COVERUP/trust.html (914 words)

	Metro Pulse/Cover/Bill Frist's Built-in Conflict
		Whenever one blind trust is discarded in favor of a newer one, panelists say the blind trust ceases to be blind during the changeover period.
		The trust was drafted by James C. Gooch, a highly respected trusts and estates lawyer and a partner at Bass Berry and Sims, the prominent and venerable Nashville law firm.
		In one section of the trust, the trustee is told he doesn't necessarily have to diversify the trust's assets.
	www.metropulse.com /dir_zine/dir_2003/1328/t_cover.html (3570 words)

	Las Vegas SUN: Reid puts his assets in blind trust
		The arrangement would be similar to a blind trust held by Senate Majority Leader Bill Frist, R-Tenn., although that didn't protect Frist from controversy.
		Frist held the company stock in his blind trust but under the rules of his trust, he was able to direct a trustee to sell it.
		The blind trust will be effective by the end of the year, Hafen said.
	www.lasvegassun.com /sunbin/stories/nevada/2005/sep/26/519417045.html (417 words)

	Lean Left » Frist Did Not Have a Blind Trust
		WASHINGTON - Outside the blind trusts he created to avoid a conflict of interest, Senate Majority Leader Bill Frist earned tens of thousands of dollars from stock in a family-founded hospital chain largely controlled by his brother, documents show.
		Trading stock outside the blind trust violates Senate rules, but trading stock of a company of which he is an officer, immediately before the company announced bad news, smells of insider trading, which is a violation of SEC regulations.
		Critics yesterday seized on a report that Frist held a substantial amount of his family’s hospital stock outside of blind trusts between 1998 and 2002 — a time when he asserted he did not know how much of the stock he owned.
	www.leanleft.com /archives/2005/10/13/4733 (722 words)

	Blind Trust:
		Blind Trust is a publication of the non-profit organization RADAR (Radio Association Defending Airwave Rights, Inc.).
		When the patrol car is at the crest of a hill, it is very easy for radar to overshoot the nearest vehicle and instead take a reading from a vehicle on the next hill.
		Because traffic radar is "direction blind," differences in reflectivity may cause instant-on readings to display the speed of a receding vehicle rather than of an approaching vehicle.
	www.ibiblio.org /rdu/a-btrust.html (2399 words)

	The Raw Story \| Democratic leader sets up blind trust
		As Sen. Majority Leader Bill Frist (R-TN) faces probes on whether his blind trust was really blind, the Democrats' Senate leader Harry Reid (D-Nev.) is placing all of his assets into a blind trust, Roll Call reports in Monday editions.
		While the paperwork has not been finalized on Reid’s trust, the Minority Leader said that having a financial arrangement in which he wouldn’t know which stocks or other publicly traded assets were being bought and sold would avoid any appearance of conflict on his voting and leadership decisions.
		Reid said he already had begun the process of establishing a blind trust when asked about the propriety of Frist’s sale of HCA Inc. stock just before it dropped by nearly 10 percent.
	rawstory.com /news/2005/Democratic_leader_sets_up_b_0926.html (198 words)

	Blind Trusts Get New Look After Sale by Frist - New York Times
		While officials may choose to set up a conventional blind trust under the control of an independent administrator, ethics laws require the annual public disclosure of its contents.
		The ethics laws that set rules for such qualified blind trusts apply to White House officials as well as members of Congress, but the trusts have become especially popular among the growing number of millionaires in the United States Senate (at least 45, according to the last count by the Capitol Hill newspaper Roll Call).
		Elected officials cite their creation of blind trusts as insulation against conflicts of interest.
	www.nytimes.com /2005/09/26/politics/26frist.html?ex=1285387200&en=8d4ffdfea8553153&ei=5090&partner=rssuserland&emc=rss (787 words)

	Left in the West » Blog Archive » Blind Trust
		His defense is that the stock was held in a blind trust, so he couldn’t choose when to unload it.
		Anyone with a blind trust can determine its holding via their federal tax returns if those holdings pay dividends.
		There may be nothing to this, but, theoretically, the entire reason to set up a blind trust is to avoid anything like this from arising.
	leftinthewest.com /?p=1697 (591 words)

	Protect Babies
		The expecting mother is simply not educated is actually trained to trust her medical person, blindly, and accepting wishy-washy answers if she does make inquiries, and without a witness to the answers she obtained from her medical person.
		Their trust was breached by most of the medical persons following harmful practices and teachings, without "thinking on their feet." The duty, by all, being to the child to do no harm.
		BLIND TRUST TO MEDICAL CORPORATIONS: What I have observed is the exploitation of the blind trust the mother and the father has to the medical person.
	www.123babybirth.com /doc/MapJune1-0.htm (8534 words)

	Metroactive News & Issues \| The Byrne Report
		The key to understanding the truth of that statement is the structure of the governor's phony blind trust.
		To shield wealthy government officials from being paralyzed by possible conflicts of interest, the state's three-decade old Political Reform Act allows them to place assets in a blind trust managed by a "disinterested party." The theory is that, after a time, the official will no longer know what he owns.
		If the beneficiary of a blind trust were to get some sense of how the trust is being invested through a casual remark, or a deliberate remark, that might affect a governmental decision.
	www.metroactive.com /papers/sonoma/03.02.05/byrne-0509.html (736 words)

	A Stitch in Haste Frist Can't See "Blind Trust" Conflict
		A blind trust should be exactly that — blind.
		The whole point of a blind trust is to provide that "appearance of impropriety" insulation — piercing the blind trust by ordering the HCA sale was the quickest way to create the appearance of a conflict.
		My point is that even an innocent breach of the blind trust was inappropriate and should not have been allowed.
	kipesquire.powerblogs.com /posts/1127572062.shtml (873 words)

	Frist set up blind trust for children (letting them avoid the estate tax)
		The trust includes at least $350,000 worth of shares of HCA, the healthcare corporation founded by his family and was created with assets owned by Frist's mother before she died, The Hill, a Washington newspaper, reported Friday.
		The report said such qualified blind trust funds are a common way to bypass the estate tax.
		Trusts and foundations have one purpose - to perpetuate wealth to those who didn't earn it, circumvent inheritance taxes and create a perpetual upper class not unlike the Aristocracy which the Framers were so careful to ban from our country.
	www.democraticunderground.com /discuss/duboard.php?az=view_all&address=102x1900982 (845 words)

	Documents show Frist was in loop on blind trust
		WASHINGTON -- Blind trusts are designed to keep an arm's-length distance between federal officials and their investments, to avoid conflicts of interest.
		Frist (R-Tenn.) received regular updates of transfers of assets to his blind trusts and sales of assets.
		The trust is considered blind because, through the sale of transferred assets and the purchase of new assets, the official will be shielded from knowing the assets he owns.
	www.suntimes.com /output/elect/cst-nws-frist25.html (474 words)

	How Blind Was Frist's Trust? - TalkLeft: The Politics of Crime (Site not responding. Last check: 2007-10-15)
		And Frist hasn't explained why he suddenly decided to avoid a conflict of interest by selling the HCA stock when he's long claimed that the blind trust prevented any conflict from occurring.
		I'd say it's about as blind as a "doctor" who was so successful he got into the Senate, who thinks AIDS is transmitted through sweat and thinks a braindead corpse can write poetry.
		Apparently the blind trust is not very blind when it comes to personal wealth.
	talkleft.com /new_archives/012508.html (532 words)

	Feds investigate Frist's sales of stock in blind trust
		Documents show Frist was updated several times about his investments in HCA Inc. and other transactions even though they were held in blind trusts.
		Despite the updates, Frist insisted in public statements afterward that he didn't know what was in the trusts, specifically denying knowledge of his HCA holdings.
		Nashville, Tenn.-based HCA said Friday it had received a subpoena from prosecutors for the Southern District of New York, asking for documents the company believes are related to Frist's stock sale.
	www.suntimes.com /output/elect/cst-nws-frist24.html (332 words)

	Blind trust - Wikipedia, the free encyclopedia
		A Blind trust is a trust in which the executors or those who have been given power of attorney have full discretion over the assets, and the trust beneficiaries have no knowledge of the holdings of the trust.
		Blind trusts are generally used when a trustor wishes to keep the beneficiary unaware of the specific assets in the trust, such as to avoid conflict of interest between the beneficiary and the investments.
		This page was last modified 19:08, 5 February 2006.
	en.wikipedia.org /wiki/Blind_trust (116 words)

	Blind Trust
		The executive designates someone to act as her agent with respect to transactions in her company's stock (for example, a stock broker or trust officer).
		The designee is given legal power to sell the executive's stock, pursuant to a written model specified by the executive in advance.
		There are a variety of issues regarding structuring of the delegation or trust, Rule 144, Section 16 limitations on short-swing profits, tax implications, etc. The executive needs to decide whether to disclose her adoption of the blind-trust approach and whether to reflect it in Form 4 reports of stock transactions.
	www.borisfeldman.com /Blind_Trust.htm (1824 words)

	Louis Braille (Site not responding. Last check: 2007-10-15)
		There was a time, not long ago, when most people thought that blind people could never learn to read.
		Braille is a code which enables blind persons to read and write...
		was invented by a blind Frenchman, Louis Braille, in 1829.
	www.braillejail.net /louis-braille.html (266 words)

	Blind Trust - Title Information - Book
		And it's about to change Sherry, sweeping her and Clint into a terrifying whirlpool of pursuit and intrigue--one where death and deliverance teeter on a razor edge of circumstance that can either restore or forever destroy Sherry's faith not only in Clint, but in others, and perhaps in God himself.
		Blind Trust is part of the Second Chances series by award-winning suspense novelist Terri Blackstock.
		Combining fast-paced reading with realistic characters and situations, Second Chances takes readers to where the conflict between good and evil becomes the proving grounds of faith.
	www.zondervan.com /Books/Detail.asp?ISBN=031020710X (210 words)

	Frist Stock Sale Raises Questions on Timing
		In 2000, he transferred the HCA stock into a new blind trust, a transaction that could have given him insight into its value.
		Frist's signed financial disclosure statements indicate that the overall value of his blind trusts did not substantially change from 2003 to 2004.
		A sample agreement for blind trusts published by the Senate ethics committee staff on its Web site states that there should be no "direct or indirect communication" between senators and trustees unless the senator is directing the trustee "to sell all of an asset.
	www.washingtonpost.com /wp-dyn/content/article/2005/09/21/AR2005092102065.html (947 words)

	WTOP: Frist Received Many Updates on Blind Trust
		WASHINGTON (AP) - Blind trusts are designed to keep an arm's-length distance between federal officials and their investments, to avoid conflicts of interest.
		The trust is considered blind because eventually, through the sale of transferred assets and the purchase of new assets, the official will be shielded from knowing the assets he owns.
		Asked in a television interview in January 2003 whether he should sell his HCA stock, responded, "Well, I think really for our viewers it should be understood that I put this into a blind trust.
	www.wtopnews.com /index.php?nid=116&sid=576314 (762 words)

	Christian Fellowship Devotionals - 2002-05-10 - Blind Trust (Site not responding. Last check: 2007-10-15)
		We trust that our family members and friends are telling us the truth.
		We trust that our home heating systems will not malfunction and poison us with carbon monoxide.
		Yet we too often fail to trust the One who is perfect, the One who is Omniscient and totally dependable.
	www.cfdevotionals.org /devpg02/de020510.htm (214 words)

	Amazon.com: Blind Trust: Books: Terri Blackstock (Site not responding. Last check: 2007-10-15)
		Terri Blackstock penned another winner with "Blind Trust," Page after page of this well written thriller draws and keeps you in the midst of a battle against the forces of evil.
		A gut-wrenching narrative that has you wondering just who are the good guys and who can you trust.
		Blind Trust is about Sherry, who eight months before, was going to be get married to Clint Jessup.
	www.amazon.com /exec/obidos/tg/detail/-/031020710X?v=glance (893 words)

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