Sen. Majority Leader Bill Frist has had his records subpoenaed:
Senate Majority Leader Bill Frist (R-Tenn.) has been subpoenaed to turn over personal records and documents as federal authorities step up a probe of his July sales of HCA Inc. stock, according to sources familiar with the investigation.
The Securities and Exchange Commission issued the subpoena within the past two weeks, after initial reports that Frist, the Senate’s top Republican official, was under scrutiny by the agency and the Justice Department for possible violations of insider trading laws.
I think there is much less to this than will be made of it, actually. In the case of DeLay, I think he is a crook, but I don;t know if the indictments will hold.
Any way you look at it, though, it isn’t good for Republicans and will be yet another distraction. Considering what Congress has been up to lately, that night be a good thing.