Posted on 09/25/2006 4:52:53 AM PDT by Mia T
Hillary investing in cows should be considered insider trading.
bttt
The thing is, that when such fraud is committed, the person who commits it and gets caught, gets punished; his clients do not and neither are their names published. The reason that we all know that Hillary was a member of the fraud, is because Bill ran for president and it then came out.
When Red Bone was caught "red handed", EVERYONE in Chicago, who was a part of the financial community, knew about it.
Gee, thanks, Mia T. I've never received a bump before for posting a comment!
This is not a run of the mill commodities broker gone bad, this is a thinly disguised payoff of the State Attorney General (via his spouse) from associates of one of the largest regulated industries in the State (Tyson). The crime that needed to be prosecuted was the official corruption of Bill Clinton, w/ Hillary as a knowing accomplice.
I didn't write the law; I'm just telling you what it is and how it worked. Who the clients were, who profited or lost, were never the issue; the perpetrator of the crime was the only one who mattered to the SEC.
If I understand Gail Wynand's point, the illegal cow trades were simply the particular type of tender used in an overarching crime that falls outside the domain of the SEC.
hard to believe. it was such a great point. :)
Allow me to ruminate on that one. ;)
I was sure this thread would get some of the missus clinton cow graphics. ;)
bump ;)
ping ;)
This one time fraud, FOR Hillary, was NOT something out of the ordinary for Red Bone, or the guys who "ran him". It was a way to handle "payoffs" and had been done for a very long time. But this kind of security fraud, while nothing "new", has been cut down ( if not completely off ), because of in house exchange rules and federal laws.
I'm just telling all of you the facts of the matter. Most people don't know them and therefore make all kinds of erroneous statements and complain that Hillary wasn't punished. Well, NOBODY that was involved in this fraud ( and Hillary was NOT the only one who illegally profited !) was punished except for the perpetrator. That's just how it worked.
In this case, it is NOT "easy" at all, to find the fraud. And no, Hillary wasn't just going short and in point of fact, she didn't do a damned thing, but hand over $1,000 and then reap the benefits of the fraud.
The trader, in this case RED Bone, made trades for a group of people. Of course not all trades are "winners"; but, some people were made to eat a lot of losses and others, including Hillary, were given the profits, when there were profits and never shown to have a loss. Neither was she made to pay up, when she had a margin call.
This was NOT a one day, nor even a few days of trades. It had absolutely NOTHING whatsoever to do with "rumors"; not even "insider" info.
Nor did this have ANYTHING at all to do with "funding a whole governor's race"!
Since you don't know the story, I'll catch you up on it.
Because Bill was not in the private sector, his pay was not all that much. Hillary was just starting out as a lawyer and money was pretty tight. She has ALWAYS been VERY greedy, grasping, and wanted big bucks. She complained and complained and berated Bill about not having much money ( this is also WHY they went into the WHITEWATER deal ), until she made him nuts.
One day, someone came to visit him ( I think that it was from Tyson ), or he visited them ( this part is in one of the many books about Clinton I have and if you REALLY need to know, I'll look it up for you ) and he brought up his "money problem". In a quid pro quo kind of deal, miraculously, Hillary was told to give her investment money to XXXX, who passed it and instructions to Red Bone, to make SURE that her account had a profit, and viola, there it was and whatever the person pulling the strings wanted, was covered.
It is best to actually KNOW the facts, before one posts. :-)
She and Bill committed cognizable crimes in relation to the cattle futures, regardless of any SEC or similar policy at the time not to bring an action against the trading client, the public corruption crimes should have been charged and tried. Her incredulous and shifting explanations of these circumstances would have warranted a conviction for anyone else under the same circumstances.
Your assertions that the prosecution of the broker was in keeping with law enforcement practices at the time, is incorrect in so far as the trading was simply a means to deliver a payoff for purposes of political corruption. Such cases are and have been regularly prosecuted in any jurisdiction where those with prosecutorial authority are awake and breathing. You are frankly wrong to try and dispell the instincts of average citizens, that she should have been prosecuted. Clearly, she is far more guilty than Martha Stuart for example who did not "sell out" her state or federal government in the process of making her investment returns.
Martha Stewart committed various crimes and was prosecuted for one of them; another one is pending.
OTOH, not a single person, whom Red Bone profited, has ever been prosecuted and Hillary was neither the only one, nor the one who was given the biggest payout. And WHY do they get off Scot free? BECUASE NONE OF THEM TOLD RED BONE WHAT TO DO!
IIRC, some of those who had BIG losses, due to the fraud, did sue Red Bone, in civil court, once he was prosecuted.
I don't know if there is a statute of limitations, on prosecuted this kind of crime. If there isn't, she, Hillary, no matter WHAT she has said in the pasts, is still off the hook, since she did NOT actually DO anything. And not a single other person, who did profit, at the same time, has been prosecuted; yet, they ARE as guilty as she is.
My "assertions", as you call them, are accurate facts about this matter. You don't like the facts, but they ARE the facts and I am NOT making excuses for Hillary!
You are frankly wrong; not on wrong, but damned dead wrong and are posting from emotion...not treason.
Bill Clinton was the governor, when the SEC prosecuted Red Bone. He/his cronies would have been the one to have prosecuted Hillary. You expect that he would have done that? If not, are you claiming that some FEDERAL agency should have stepped in? WHICH ONE?
At the time, not a single name of any of Red Bone's clients were made public. Just about nobody outside of the Chicago exchanges even knew about the case. It wasn't until Bill Clinton was running for president, that any of this even saw the light of day, vis-a-vis the general public.
Hillary did NOT "sell out" any state nor the federal government, with the cattle futures sale. Nobody, NOBODY hate the Clintons more than I do; however, it doesn't do anyone any good, to use the hyperbole that you have, nor to make wild accusations, that make no sense. The facts are bad enough, without trying to make them worse.
For the record, proof of Hillary's complicity can be accomplished by reasonable inference such as the source and timing of the tip, the mathematical improbability that her gains occured by chance, and especially her misleading and conflicting explanations when questions...all of which add up to consciousness of guilt.
She could and should have been prosecuted during the applicable statutes of limitations, which are extended potentially for as long as any co-conspirator is actively engaged in covering up the crime, by any state or federal prosecutor with jurisdiction.
yes, it does seem she engaged in many other criminal activities, but the cattle futures profit/payoff is exceptional in the fact that no one, apparently, as a novice retail commodity investor has ever matched her supposed record. The only explanation is that it was a bribe, her only defense that she was too dumb to realize she was being bribed.
There were no legal barriers to her prosecution, throughout the full duration of the applicable statutes of limitation as extended by any cover up. Crimes outside the jurisdiction of the SEC for which she could have been held liable were bribery and wire fraud, for example.
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