Clintons make money in the market

Hillary Clinton is worth much more. The Motley Fool Paid Partner. It is a dazzling coup for a non-professional like Mrs. Accessed April 6,

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The Mmake tax return is a case study on how the D. They serve on boards of corporations, such as Bill did with Laureate. Moneyy make money because they held public office and may hold public office. They do not produce. They make money because of who they are, because of their public offices. This means Bubba stayed in the best hotels and ate at the finest restaurants, and the taxpayers subsidized his lifestyle because he deducted a ton of money to lower his taxable income. Maybe advising on the meaning of the words «is» and «alone»?

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We have spent a lot of time knocking around The Washington Post and some of the people who write for it. Don’t miss today’s effort from Ruth Marcus, scourge of teenaged potty-mouths everywhere, on how picked upon poor Denny Hastert is. Some people are allowed to lie to the Feds. It’s in the handbook. So it’s only fair to point out that the Post just did some terrific journalism on the subject of the Clintons, their foundation, their speaking fees, and all of the other elements out of which the campaign press is trying to make dinner. The piece is as clear-eyed and blessedly free of the scandal-of-the-day hysteria that has characterized most of the reporting on how the Clintons make their money.

Bill and Hillary Clinton get paid a lot of money to talk.

In andlawyer and First Lady of Arkansas Hillary Rodham Clinton engaged in a series of trades of cattle futures contracts. Inafter Clinton had become First Lady of the United Statesthe trading became the subject of considerable controversy regarding the likelihood of such a spectacular rate of return, possible conflict of interestand allegations of disguised bribery. Clinton had no experience in such financial instruments. James Blair was a friend, lawyer, outside counsel to Tyson FoodsArkansas’ largest employer, and had been doing so well trading commodities futures that he encouraged friends and family to enter the market.

In Octoberwhen Bill Clinton was Attorney General and on the verge of being elected Governor, [2] Clinton opened a trading account, although Blair made most of the trades. Treasury Bonds. The profits made during the cattle trading first came to public light in a March 18, report by The New York Timeswhich had been reviewing the Clintons’ financial records for two months.

Various publications sought to analyze the likelihood of Clinton’s successful results. Clinton made her money by betting mostly on a market downturn at a time when cattle prices actually doubled. She took some extraordinary risks. According to exchange records, «Red» Bone, the commodities broker that facilitated the trades on behalf of Refco, reportedly because Blair was a good client, allowed Clinton to maintain her positions even though she did not have enough money in her account to cover her activity.

As it happened, during the period of Clinton’s trading, Refco was under investigation by the Mercantile Exchange for systematic violations of its margin trading rules and reporting requirements regarding cattle trading. After the Clinton trading matter became public, Leo Melameda former chairman of the Mercantile Exchange, was brought in by request of the White House to review the trading records.

On April 11,he said that the whole matter was «a tempest in a teapot» and that while her brokers had not required her to provide typical margin cushions, she had not knowingly benefited.

Clinton violated no rules in the course of her transactions. Hillary Clinton’s defenders, including White House Counsel Lloyd Cutlermaintained throughout that she had made her own decisions, that her own money was constantly at risk, and that she made both winning and losing trades throughout the ten months.

WhiteClinton’s opponent in his reelection bid. Tyson denied any knowledge of Blair’s trading partnership with Clinton. The New York Times noted, however, that notwithstanding Hillary Clinton’s «artful explanation», the commodities trading had ended over a year before the election and that Tyson had switched sides after Bill Clinton did not lobby the state legislature to increase the weight limit on trucks, although Tyson believed that he had received such a promise from him at the time of the election.

Clinton’s defenders also stressed that Blair and others stayed in the market longer than Clinton and lost much of what they had previously earned, showing that the risk was real. There never was any official governmental investigation into, [4] or findings about, or charges brought regarding Hillary Rodham’s cattle futures trading.

From Wikipedia, the free encyclopedia. Presidential campaigns. Retrieved January 1, Accessed July 14, Accessed March 2, Living History. The New York Times. Retrieved August 13, New York: Little, Brown and Company. Accessed December 14, Accessed July 15, On March 28,Securities Week, a McGraw-Hill Companies publication, published an article outlining the repeated regulatory violations committed by her broker, Red Bone, which resulted in greater scrutiny and questions not only about how much money she had made in the markets, but how she had made it.

Accessed April 6, Los Angeles Times. Retrieved October 9, Wall Street Journal. Retrieved October 3, Journal of Economics and Finance. June 21, Futures and Options Markets: An Introduction. Waveland Press. Retrieved October 8, Retrieved September 30, Henry Holt Hillary Clinton. New York senatorial elections Democratic Party presidential primaries campaign endorsements clintons make money in the market convention United States presidential election campaign endorsements political non-political Democratic primaries debates convention General election debates Hillary Victory Fund.

Awards and honors Books about Cultural and political image. Saturday Night Live parodies Hillary and Clinton play. Categories : Hillary Clinton controversies Clinton administration controversies Futures markets. Hidden categories: Use mdy dates from September Namespaces Article Talk. Views Read Edit View history. Languages Add links. By using this site, you agree to the Terms of Use and Privacy Policy. This article is part of a series about Hillary Clinton.

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First, we were told she did her own research, relying primarily on the Wall Street Journaland placed all of her own trades. But the clues are. In Octoberclintons make money in the market Bill Clinton was Attorney General and on the verge of being elected Clintons make money in the market, [2] Clinton opened a trading account, although Blair made most of the trades. By Kevin D. Blair and could be considered to be a gift. On three separate occasions in NovemberDecemberand Julythe value of Mrs. On March 28,Securities Week, a McGraw-Hill Companies publication, published an article outlining the repeated regulatory violations committed by her broker, Red Bone, which resulted in greater scrutiny and questions not only about how much money she had made in the markets, but how she had made it. Retrieved January 1, The trailer suggests the film will attempt to be a complete biography of the former first lady, senator, Secretary of State and presidential candidate — and some people are groaning about it. How to get clients online: 6 ways to find new freelance work fast.