With this now-bubbling issue

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With this now-bubbling issue of Sen. Frist’s blind trust and the quite timely sale of his shares in the family company, I’ve got to say that maybe I didn’t understand what a ‘blind trust’ was.

The press accounts make it sound like he put in a call to the trustee of the trust much like other folks might put in a call to their broker.

I thought the whole point of a blind trust was that you retain ownership of the assets but give up both the knowledge of what the funds happen to be invested in (at least going forward from the creation of the trust) and the power to control the investments. Sounds like neither applied to Sen. Frist. So how was it a blind trust?

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