Sorry I got busy yesterday, or maybe the day before, and forgot to post some more reasons why HRC was ethically unqualified to be president.
We’ll start with Cattle Gate.Thanks for the reminder, which I have reproduced below, since some folks might wonder why I’m still talking about HRC.
02/14/2017 AT 2:14 AM
Hey OldMacDonald, maybe you could share your special lube with your friend. I think his hand stuck.
I guess sometimes he grabs his own
I’ll just use the stuff in Wikipedia for convenience, it’s enough. But for real detail, I reccomend the archives of the NYT or the Washington Post. I was living where I could get both papers on a daily basis at the time, but I don’t have access to their archives at the moment.
Here are some excerpts.
I doubt if you have either the ability to think critically, or any inclination to do so in relation to Clinton even if you know how, but the audience here is technically sophisticated, and will have no trouble drawing conclusions.
“In 1978 and 1979, lawyer and First Lady of Arkansas Hillary Rodham Clinton engaged in a series of trades of cattle futures contracts. Her initial $1,000 investment had generated nearly $100,000 when she stopped trading after ten months.”
“Bill Clinton’s salary as Arkansas Attorney General and then Governor of Arkansas was modest and Clinton later said she had been interested in building a financial cushion for the future. The Clintons’ combined income in 1978 from the governorship and Rose Law Firm amounted to $51,173, equivalent to $187,900 in 2016″
Not exactly BROKE , would you say?
” James Blair was a friend, lawyer, outside counsel to Tyson Foods, Arkansas’ largest employer, and had been doing so well trading commodities futures that he encouraged friends and family to enter the market too. Blair in turn traded through, and relied upon cattle markets expertise from, broker Robert L. “Red” Bone of Refco, a former Tyson executive and professional poker player who was a World Series of Poker semifinalist. In October 1978, when Bill Clinton was Attorney General and on the verge of being elected Governor, Clinton opened a trading account, although Blair made most of the trades.”
”At one point she owed in excess of $100,000 to Refco as part of covering losses, but no margin calls were made by Refco against her.”
DAMNED lenient, would you say? I would even go so far as to say this represents obvious evidence of special treatment. And most people who are concerned about such things would have some SERIOUS misgivings about the nature of the relationship between the FIRST COUPLE and a lawyer so well connected with the biggest business in the state, and one well positioned to have access to tons of insider information.
When the investigation was started, it was started by the biggest and most powerful LIBERAL paper in the country and arguably the entire WORLD, the New York Times,
“Clinton initially told aides that she had made the futures gains by studying the financial news and placing trades herself, but later acknowledged the help of Blair” . As best I remember, the story was put out that she did it all on her own, but she had to backtrack that little fib.
“Various publications sought to analyze the likelihood of Clinton’s successful results. Clinton made her money by betting on the short side at a time when cattle prices doubled. The editor of the Journal of Futures Markets said in April 1994, “This is like buying ice skates one day and entering the Olympics a day later. She took some extraordinary risks.” Her activities involved exposure to losses that potentially could have been greater than her family’s net worth if the market had turned sharply against her. The former head of the IRS chief counsel’s Commodities Industry Specialization Team expressed skepticism that a novice trader could make such a return. One analysis performed by Auburn University and published in the Journal of Economics and Finance claimed to find that the odds of a return that large during the period in question were about one in 31 trillion.”
,I haven’t run across any records of anybody else doing even remotely as well, and the same guys advising Clinton, and making her trades for her, never did even remotely as well for any other client, to the best of my knowledge.
“Chicago Mercantile Exchange records indicated that $40,000 of her profits came from larger trades initiated by James Blair. 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. For example, she 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. Bone denied any wrongdoing in conjunction with Clinton’s trading and said he did not recall ever dealing with Clinton personally.” Obviously all novice new customers who just HAPPEN to have such powerful friends, not to mention the guv as the old man, are treated to such courtesies, so there was no special treatment.
For you , HB, I will point out that my sarcasm lamp is LIT.
“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. In December 1979, the exchange issued a three-year suspension to Bone and a $250,000 fine of Refco (at the time, the largest such penalty imposed by the exchange).”
Now I’m SURE , HB, that although Clinton’s a lawyer herself, it never occurred to her that associating with such people could ever present a problem for her as a politician. The same sort of arrogance led her to making other mistakes over the course of the years that ultimately cost her the WH.
I have posted a challenge many times for any mathematically literate person to come forward and go over the math with me. Not one has ever done so, because nobody with a reputation for understanding math is willing to throw it away defending Cattle Gate.
Next time, I will post the only explanation that I have ever run across that satisfactorily explains the actual facts of what was and was not done.
Now given that your’re a true believing Clinton partisan, you’re willing to believe anything at all if it reflects well on her, or deflects criticism of her. People who mathematically literate and are capable of a little independent critical thinking just might conclude that Clinton got some VERY special treatment indeed.
I can go into more detail if you wish. And we can go on from this one to another, and talk about how many of her personal business associates wound up in jail as a result of being in business with her.
And incidentally, if there’s a pervert around, you might just be IT, considering you can’t seem to drop the subject. Now as far as you stand personally, you’re a fucking hypocrite who has BRAGGED about making money in the fossil fuel business, while pretending to be a Democrat of the sensitive and morally upright sort, while in the same breath calling me a Trumpster.
I personally haven’t ever thought that the failings of the opposition excuses the failings of my own team, or my own personal failings.
Fuck you and the horse you rode in on, and although I am ready to move on to new territory, since Clinton is now history, as a practical matter, I will post some more stuff with each reminder.
The Democratic Party is in the throes of a struggle for its soul, and the eventual winners are going to be the Sanders guys and girls, because they’re the younger generation.
Real adults face up to their own mistakes, rather than blaming other people when things go wrong. You may be sixty, but you think like a six year old.
And I’m sort of like a building inspector. I enjoy this sort of thing. I’m actually getting paid,but not in cash or kind. I’m getting it by way of making my case as a political commentator, and within another couple of years, the large majority of big D Democrats will have come around to acknowledging that just about any OTHER D would have mopped the floor with Trump.
The D party fucked up royally by running Clinton, because she was arrogant, vain, elitist, hypocritical, stupid in some ways. She was dragging a baggage train twenty miles long.
She actually managed to lose to TRUMP, which should have been and WAS considered an impossibility by most more or less impartial or D oriented observers.
The Sanders camp will have power enough next time around to either decide who the candidate will be, or if not that much, enough to make sure the candidate is not an elitist who not only ignores but looks down on the people who are the heart of the party while hanging out with the banksters.
Next time, I will post the only remotely likely explanation I have yet heard as to how Clinton did so extraordinarily well, if you will be so kind as to remind me.