Posted on 04/23/2016 10:17:28 AM PDT by Utilizer
WASHINGTON, March 29— The White House said today that in 1978 Hillary Rodham Clinton invested $1,000 in commodities futures and that the investment grew in 10 months of trading in the notoriously volatile market into a gain of nearly $100,000.
Seeking to dispel suggestions that the trades were risk-free and improperly arranged by an Arkansas lawyer who represents one of the state's most powerful companies, the White House issued a statement this afternoon that said the First Lady had put up her own money and that she bore all of the financial risks in a marketplace where three out of four investors lose money.
The officials also released a year's worth of brokerage statements from one of Mrs. Clinton's two accounts. They show winnings outrunning losses about three-to-one. 'Too Nerve-Racking'
Senior advisers to President Clinton and his wife said in a briefing this afternoon at the White House that Mrs. Clinton based her trades on information in The Wall Street Journal, and that she stopped trading by 1980, despite her success, because, as one senior aide put it, "she did not have the stomach for it any more and found it to be too nerve-racking."
The string of winning trades began in October 1978, as Mr. Clinton, then the state's Attorney General, was leading in polls in the race for Governor.
The White House insisted today that Mrs. Clinton received no improper financial assistance on the trades from the lawyer, James B. Blair, a close friend who at the time was the top lawyer for Tyson Foods of Springdale, Ark., the nation's biggest poultry company. Mr. Blair has said that he had suggested that she get into the commodities market, and that he used his knowledge of trading to guide her along the way.
(Excerpt) Read more at nytimes.com ...
“Preferential Trade Allocation”
A deposit is made into a Commodities account, and then the “house” allocates trades on the buy and sell side over a short period, and credits that account with those positions and transactions.
Small fish are cut out in the same way.
In that era the CFTC had about a dozen “investigators” for their entire operation, so don’t bother telling me about “rules”.
An oldie but a goodie.
Nice guy, very personable, but the first guy I ever met who made me want to count my fingers after shaking hands with him. He died in 1980 or 1981, if I recall rightly. Clayton, in 1979, got tangled up with the Hunt brothers silver machinations in 1979-1980, and bit the big one when the Hunts went down. Look up "liquidation only directives" from a commodity exchange if you want to see a **scary** story!
>Anyone ever wonder how those new politicians can turn a few bucks when they first get elected into millions when they quit, retire or are thrown out. I believe there is a term for it, its called “Insider Trading”.
To add insult to injury, they also get to suckle from the taxpayer teet for the rest of their miserable lives; get immediately hired by those that kicked-back (for a hefty ‘income’); then get to lobby those they most recently worked with (the ‘esteemed’)....yep, all w/out a smidge of ethics violations, inappropriatness or ‘illegality’
You forgot that she was also dead broke when she left the White House. :(
Poor Mrs. Bill. *sniff* It must be so difficult giving all your money away to other people instead of keeping it for yourself!
Oh, the hugematinee!
And yet, she never did it again...
Interesting, but that barely mentioned the cattle futures. It talked mostly about the email actions which pretty much everyone except the Mrs.Bill minions knows is illegal also, just not the same thing here.
And yet the democrats have her as their preferred candidate for POTUS this time around.
Apparently, being a criminal is no crime in the eyes of liberal democrats and their elected officials.
Even worse; people will actually believe it!
I swear, if Adolf Hitler had the minions surrounding and supporting him that MRs. Bill Clinton does to this day then he too would be looking at roughly sixteen years of power at the very least, connected to the position of President Of The United States.
Eight years as the spouse (the co-president, with equal powers and resources) and another eight years as the latest incarceration of POTUS -but with his other half (BJ in Mrs. Bill’s case) relegated to birthday party functions and public speaking duties only and no real power.
“It can be done in commodities. Last week was a wild time in the soybean market.”
Thanks for your comments. You shook the hand of history, and got to count all of your fingers afterwards!
Anyone with even a bit of knowledge in this area knows what a lie she has been spouting for all these years, yet her supporters continue to insist she has done no wrong.
Their minds are made up, don’t confuse them with the facts!
Not to mention the WSJ had nothing to do with tradings in the stock market back then, let alone Commodities and Cattle Futures.
Which, I point out once more, she never repeated since that time.
You would think an insanely successful trader would be stuck on repeating their luck as soon and as often as possible after that. Not her.
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