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Fri Apr 15, 2016, 09:25 PM

Could Hillary end inequality by teaching the poor how to earn $100,000/year in cattle futures?

At first I thought she could teach the poor to give speeches, but there's probably only so many $250,000 checks to go around. But what about cattle futures? Anyone can invest. The government could spot everyone $1000 and then they would just go to work futuring cattle or whatever it is one does. It can't be very hard because Hillary had no experience whatsoever in futures trading and she went from $1000 to $100000 in less than a year. Sure, it probably helped that the outside counsel for Arkansas' largest employer was helping her out just a little (or just a lot depending on whatever version of Hillary one believes), but he was just doing it to be a good friend and not to curry influence for Tyson Foods from government regulators. There's probably lots of other outside counsels who want to be good friends with people and why not be good friends with the poor? They could provide the requisite help to those in need and poverty could be wiped out in a matter of months. I don't know why Hillary, having seen the magic of futures trading, didn't bring it up at the last debate as an example of her experience in wealth creation.

http://www.washingtonpost.com/wp-srv/politics/special/whitewater/stories/wwtr940527.htm

Hillary Clinton Futures Trades Detailed
By Charles R. Babcock
Washington Post Staff Writer
Friday, May 27, 1994; Page A01

Hillary Rodham Clinton was allowed to order 10 cattle futures contracts, normally a $12,000 investment, in her first commodity trade in
1978 although she had only $1,000 in her account at the time, according to trade records the White House released yesterday.

The computerized records of her trades, which the White House obtained from the Chicago Mercantile Exchange, show for the first time how she was able to turn her initial investment into $6,300 overnight. In about 10 months of trading, she made nearly $100,000, relying heavily on advice from her friend James B. Blair, an experienced futures trader.

<edit>

A close examination of her individual trades underscores Blair's pivotal role. It also shows that Robert L. "Red" Bone, who ran the Springdale, Ark., office of Ray E. Friedman and Co. (Refco), allowed Clinton to initiate and maintain many trading positions besides the first when she did not have enough money in her account to cover them.

Why would Bone do so? Bone could not be reached for comment, but Blair said he thought he knew why. "I was a very good customer," he said, noting he paid Bone $800,000 in commissions over the years. "They weren't going to hassle me. If I brought them somebody, they weren't going to hassle them."

Besides, he added, Bone would not worry if he agreed with his clients' bet on which way the price of a given contract would go.

Blair, who at the time was outside counsel to Tyson Foods Inc., Arkansas' largest employer, says he was advising Clinton out of friendship, not to seek political gain for his state-regulated client. At the time of many of the trades, Bill Clinton was governor.

Hillary Clinton has said she made all the trading decisions herself and has tried to play down Blair's role. But she acknowledged in April, three weeks after her trades were first disclosed, that Blair actually placed most of the trades.


more...

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Reply Could Hillary end inequality by teaching the poor how to earn $100,000/year in cattle futures? (Original post)
Karmadillo Apr 2016 OP
SoLeftIAmRight Apr 2016 #1
catnhatnh Apr 2016 #2
beedle Apr 2016 #18
thesquanderer Apr 2016 #24
Politicalboi Apr 2016 #3
amborin Apr 2016 #4
GoneFishin Apr 2016 #5
msongs Apr 2016 #6
beam me up scottie Apr 2016 #10
Karmadillo Apr 2016 #22
Divernan Apr 2016 #7
azmom Apr 2016 #8
DisgustipatedinCA Apr 2016 #9
Kalidurga Apr 2016 #11
DisgustipatedinCA Apr 2016 #12
Kalidurga Apr 2016 #13
DisgustipatedinCA Apr 2016 #14
Kalidurga Apr 2016 #15
Armstead Apr 2016 #16
DisgustipatedinCA Apr 2016 #17
Armstead Apr 2016 #19
Yurovsky Apr 2016 #20
reformist2 Apr 2016 #21
EndElectoral Apr 2016 #23

Response to Karmadillo (Original post)

Fri Apr 15, 2016, 09:26 PM

1. then she can help them ...

 

deduct their used underwear when they do their taxes

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Response to Karmadillo (Original post)

Fri Apr 15, 2016, 09:31 PM

2. I love this part...

"In a Fall 1994 paper for the Journal of Economics and Finance, economists from the University of North Florida and Auburn University investigated the odds of gaining a hundred-fold return in the cattle futures market during the period in question. Using a model that was stated to give the hypothetical investor the benefit of the doubt, they concluded that the odds of such a return happening were at best 1 in 31 trillion.[14]"

https://en.wikipedia.org/wiki/Hillary_Rodham_cattle_futures_controversy

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Response to catnhatnh (Reply #2)

Fri Apr 15, 2016, 11:29 PM

18. Yeah, that was one stoke of luckshe had

 

.. and then in another stroke of "luck" no one bothered to even consider this suspicious until enough time had passed that even if shehad done something illegal the statue of limitations would have protected her, so they didn't bother to investigate ... some "luck" she had there?!

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Response to catnhatnh (Reply #2)

Sat Apr 16, 2016, 07:22 PM

24. And don't think this won't come up in the general.

Along with every other questionable item from her past... whitewater, travelgate, etc. Her record on these things is not clean. Even though she was never proven guilty of anything, those reports included things like misleading statements under oath, poor judgment, etc. I think the fact that she ultimately got away with it all is why she thinks she can get away with pretty much anything.

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Response to Karmadillo (Original post)

Fri Apr 15, 2016, 09:31 PM

3. It would cost too much for her to teach the class

 

And she might actually have to work with peons. Peons ain't got money. She only needs them for votes. Corrupt since 1978. Just think if she were running on the GOP. Those that support her would actually see how corrupt she really is.

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Response to Karmadillo (Original post)

Fri Apr 15, 2016, 09:32 PM

4. statistical probability of that occurring honestly is zero

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Response to Karmadillo (Original post)

Fri Apr 15, 2016, 09:59 PM

5. Maybe the poor could offer discounted speaking engagements for only $50,000 per hour?

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Response to Karmadillo (Original post)

Fri Apr 15, 2016, 10:17 PM

6. could bernie end equality by giving everybody an F-35 from his friends at youknowhwo nt

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Response to msongs (Reply #6)

Fri Apr 15, 2016, 10:31 PM

10. How much will Hillary make when she convinces the military to sell them to Israel?

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Response to beam me up scottie (Reply #10)

Sat Apr 16, 2016, 10:19 AM

22. Ouch!

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Response to Karmadillo (Original post)

Fri Apr 15, 2016, 10:26 PM

7. Can you say insider trading, boys and girls? Sure you can!

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Response to Karmadillo (Original post)

Fri Apr 15, 2016, 10:28 PM

8. Kick

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Response to Karmadillo (Original post)

Fri Apr 15, 2016, 10:30 PM

9. I personally can't wait for the first desperate shill to defend this.

 

You'll know you're in the presence of a dishonest person when that happens, because outside of the once-in-a-blue-moon jackpot in Vegas, these sorts of returns don't happen.

Hillary Clinton represents a great deal of what's wrong with this nation.

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Response to DisgustipatedinCA (Reply #9)

Fri Apr 15, 2016, 11:09 PM

11. See post 6

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Response to Kalidurga (Reply #11)

Fri Apr 15, 2016, 11:11 PM

12. Yes. But it was one of those chickenshit side-glancing things. The poster didn't address the OP.

 

And that's because no serious person would believe a bozo who tried to defend this crap.

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Response to DisgustipatedinCA (Reply #12)

Fri Apr 15, 2016, 11:14 PM

13. Well in that case I have never ever seen anyone defend Hillary here

It's all chickenshit side-glancing insult the poster who dares say something not nice about things Hillary has done.

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Response to Kalidurga (Reply #13)

Fri Apr 15, 2016, 11:18 PM

14. Good point, Kalidurga. Good point.

 

I hope you have a nice weekend.

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Response to DisgustipatedinCA (Reply #14)

Fri Apr 15, 2016, 11:20 PM

15. It will be I am going to a fund raiser on Sunday

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Response to DisgustipatedinCA (Reply #9)

Fri Apr 15, 2016, 11:24 PM

16. Come on get real. She simply got lucky.

 

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Response to Armstead (Reply #16)

Fri Apr 15, 2016, 11:27 PM

17. I'm sure. :) Let me take this chance to let you know I appreciate your posts.

 

I don't always comment, but you're a thoughtful poster. Have a great weekend.

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Response to DisgustipatedinCA (Reply #17)

Fri Apr 15, 2016, 11:40 PM

19. Thanks...You too

 

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Response to Armstead (Reply #16)

Fri Apr 15, 2016, 11:48 PM

20. Yep, like royal flush 4 hands in a row lucky...

Sure, it COULD happen. Kind of like the infinite number of monkeys typing on an infinite number of typewriters would eventually write "War and Peace"...

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Response to Karmadillo (Original post)

Sat Apr 16, 2016, 12:27 AM

21. What happened to her claim that she read the Wall Street Journal to make her trsading decisions???


I guess that was yet another fabrication...

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Response to Karmadillo (Original post)

Sat Apr 16, 2016, 10:20 AM

23. God, now insider trading. When does it stop.

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