Fuck Off
Page 1 of 2 12 LastLast
Results 1 to 10 of 12

Thread: The Corruption of Hillary Clinton Consolidated Thread

  1. #1
    Join Date
    Dec 2012

    Default The Corruption of Hillary Clinton Consolidated Thread

    tl/dr Hillary is a futures trading genius. She turned $1,000 into $60,000 in less than one month back in the late 1970s.


    From back when the Washington Post had credibility:

    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.

    The new records also raise the possibility that some of her profits -- as much as $40,000 – came from larger trades ordered by someone else and then shifted to her account, Leo Melamed, a former chairman of the Merc who reviewed the records for the White House, said in an interview. He said the discrepancies in Clinton's records also could have been caused by human error.

    Even allocated trades would not necessarily have benefited Clinton, Melamed added. "I have no reason to change my original assessment. Mrs. Clinton violated no rules in the course of her transactions," he said.

    Lisa Caputo, Clinton's spokeswoman, said the documents were released yesterday "to give as complete a picture as possible" of her trades. She said Clinton had never before seen them.

    Blair, who urged Clinton to enter the high-risk futures market and ordered most of her trades, said in a recent interview that he "talked her into" her first futures trade in October 1978 before paperwork on her account was completed. It was liquidated quickly, he recalled, because "it was bigger than she wanted and required more money."

    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.

    Blair advised Clinton again on July 17, 1979. He recalled that she started that trading day by losing $26,460 on 10 cattle contracts she had held for more than a month, by far her worst loss as a futures player. On his recommendation, he said, she immediately went back into the market. She acquired 50 new cattle contracts – worth $1.4 million -- and when the price moved in her favor, unloaded them around noon for a quick gain of $10,550. This recouped part of her loss.

    Blair said Clinton and other friends he suggested trades for had lost money that spring on feeder cattle. Those trades "caused everyone some grief," he said. "I'm sure I was pressing to get everyone back above water" in recommending the quick and bold day trade.

    The White House defense of Hillary Clinton's preferential treatment was that other customers in the same office also were allowed to trade without having enough cash in their accounts.

    While Clinton's account was wildly successful to an outsider, it was small compared to what others were making in the cattle futures market in the 1978-79 period. An investigation of the cattle futures market at that time by Rep. Neal Smith (D-Iowa) found that in one 16-month period 32 traders made more than $110 million in profits from large trades -- those of 50 contracts or more. Clinton traded positions of 50 or more contracts only three times.

    The records the White House released yesterday were part of an investigative file from 1979, when the exchange charged Bone and Refco with violations of its record keeping and margin requirement rules. Bone was suspended for three years; Refco paid a $250,000 fine, then the largest in the exchange's history. Internal memos from that investigation cover transactions from the same period in June in which Clinton was trading, but not the same trades. In one instance, the Merc found Bone and a fellow broker were ordering 1,000 cattle contracts at a time – far over the limit allowed at the time – and then allocating them to other customers.

    One internal Merc memo said "there is reason to believe" that a majority of Bone's accounts were traded without the clients' permission. Blair said that Bone at times traded his personal account without permission.

    Blair said he doubted Bone traded Clinton's account without her permission.

    Melamed said it was "impossible" to determine the exact cause for the discrepancies between the Merc computer record of Clinton's trades and the trading records she received from Refco, which the White House released earlier.

    She said that for six trades, her initial trading position in the Refco records were not reflected in the Merc documents. On one other trade neither her purchase nor sale was included. On that trade she netted $12,150 on 15 cattle contracts she held for four days.

    Clinton reported a loss of $2,480 on one of the trades in question, Melamed noted.

    One was a "day trade" on hog contracts that netted $2,553. Melamed said "day trades" are the only way to assure profit even if favorable trading positions are allocated to a customer's account. Any position held overnight would be subject to the rise and fall in prices in the volatile futures market, he added.

    Staff researcher Barbara J. Saffir contributed to this report.

    In commodities futures trading, an account that falls below the "maintenance margin" typically triggers a "margin call," where the trader must put up sufficient cash to cover the contracts. Although Hillary Rodham Clinton's account was under-margined for nearly all of July 1979, no margin calls were made, no additional cash was put up, and she eventually reaped a $60,000 profit.

    June 29 ......... $56,466 (Margin: Value account should have had to continue trading.)

    July 12 ........ -$24,243

    July 17 ......... $22,537 (Account value: Total cash on hand plus (or minus) paper value of contracts.)

    July 20 ......... $61,537

    July 23, 1979: She withdrew $60,000 and never traded again, closing the account in October.

  2. #2
    FIPS's Avatar
    FIPS is offline I'm going to Auschwitz, love & kisses, one happy fella
    Join Date
    Jan 2009
    Auschwitz Open Pit Grill an' Sausagery



    I was in the same thing at the same time. There were these "managed" commodity trading accounts, which you could change to "semi-managed" via a phone call even DURING the trading day. As someone familiar with the set-up, looks like nothing to me, except addl. ammo for whoever runs against her in the communist primaries.

    Stumble Inn Proudly Presents the Most Racist Screed of all Time Posying as a Novel by...Fips! - http://stumbleinn.net/fips/bloodlines.html


  3. #3
    Join Date
    Dec 2012


    I worked in that business for about ten years. I remember Refco well. It was an open secret that they were sleazy. I'm surprised that they lasted as long as they did.

    Back in those days the record keeping standards were far looser. Every firm had account(s) where they tracked the mistake trades, and they weren't typically segregated by client. The balances were always negative, because customers typically don't complain when their brokerage makes a mistake in their favor. If I recall correctly, they made a bunch of trades in Hillary's name, kept the good ones in her name, and dumped most of the bad ones in the mistake account. Refco gets to write off the losses on the mistakes. Voila!!- A tax-deductable bribe for Hillary.

  4. #4


    I wonder how she is going to make Biden 'go away'.

  5. #5
    Join Date
    Dec 2012


    Quote Originally Posted by brother number three View Post
    I wonder how she is going to make Biden 'go away'.
    Plane crashes and suicides were popular during Clinton I.

  6. #6


    Quote Originally Posted by FuriousGeorge View Post
    Plane crashes and suicides were popular during Clinton I.

  7. #7
    Join Date
    Dec 2012

    Default H.H. Hillary wants to silence comedians for making jokes about her


    Clinton Goes after Laugh Factory Comedians for Making Fun of Her

    In what appears to be a first for a serious presidential contender, Hillary Clinton’s campaign is going after five comedians who made fun of the former Secretary of State in standup skits at a popular Hollywood comedy club.

    A video of the short performance, which is less than three minutes, is posted on the website of the renowned club, Laugh Factory, and the Clinton campaign has tried to censor it. Besides demanding that the video be taken down, the Clinton campaign has demanded the personal contact information of the performers that appear in the recording. This is no laughing matter for club owner Jamie Masada, a comedy guru who opened Laugh Factory more than three decades ago and has been instrumental in launching the careers of many famous comics. “They threatened me,” Masada told Judicial Watch. “I have received complains before but never a call like this, threatening to put me out of business if I don’t cut the video.”

    Practically all of the country’s most acclaimed comedians have performed at the Laugh Factory and undoubtedly they have offended politicians and other well-known personalities with their standup routines. Tim Allen, Jay Leno, Roseanne Bar, Drew Carey, George Carlin, Jim Carrey, Martin Lawrence, Jerry Seinfeld and George Lopez are among the big names that have headlined at the Laugh Factory. The First Amendment right to free speech is a crucial component of the operation, though Masada drew the line a few years ago banning performers—including African Americans—from using the “n-word” in their acts.

    The five short performances that Clinton wants eliminated include some profanity and portions could be considered crass, but some of the lines are funny and that’s what the Laugh Factory is all about. The video features the individual acts of five comedians, four men and a woman. The skits make fun of Clinton’s wardrobe, her age, sexual orientation, the Monica Lewinsky scandal and the former First Lady’s relationship with her famous husband. The Laugh Factory has appropriately titled it “Hillary vs. The First Amendment.”
    I am a white cisgender alpha male establishment figure

  8. #8
    Join Date
    Jun 2011


    All the jokes are about her being a dyke.

  9. #9
    Join Date
    Dec 2012

    Default This Is How Corruption Works: A Hillary Clinton Example


    Hillary Clinton approved the construction in South Africa of the world’s two largest coal-fired power-plants, and helped them get Export-Import Bank financing (U.S. taxpayer backing); then, some of her friends received construction contracts to build them.

    This was revealed by Itai Vardi in a terrific investigative news report at the desmog blog, on March 7th. Here’s an abbreviated version of it, courtesy of that extraordinary fine news-site:

    The plants – named Medupi and Kusile – were set to each emit a staggering 25 million tons of CO2 into the atmosphere a year. To help finance the Medupi plant, the South African government turned to The World Bank, requesting a $3.5 billion loan.

    South Africa lobbied World Bank officials and sought to gain the support of the US government. A series of diplomatic cables from then-US ambassador to South Africa to Washington reveal a number of quiet efforts to persuade the US government to support the loan. The cables, released by Wikileaks, were written in the latter part of 2009 and early 2010, leading up to the decisive vote on the loan in April 2010. …

    In late March 2010, … according to newly released Clinton emails, the South African foreign minister contacted the State Department requesting to speak with the Secretary on the phone. The emails state that the minister was specifically seeking the US government’s ‘support’ for the loan. …

    Clinton said: … ‘this project is essential to deliver electricity – which I think our experts agree is right.’ …

    Seven days later, The World Bank approved the huge loan. The United States, along with the UK and Holland, abstained during the vote. …

    ‘I am not going to give them points for abstaining. This was totally the easy way out,’ said Karen Ornstein of Friends of the Earth. ‘If the US were to follow its own clean coal guidance for multilateral development banks it would have had to vote no on this loan.’ …

    To construct the Kusile coal plant, South Africa sought a different funding route, now eyeing private capital.

    To this end, in 2010 Eskom solicited its main contractor for the plant, Kansas City-based infrastructure engineering and construction company Black & Veatch to apply for financing from the US Export-Import Bank (Ex-Im Bank). As an independent government agency, the bank invests in projects that guarantee the employment of American workers and suppliers.

    In April 2011, the Ex-Im Bank approved the $850 million loan for the Kusile plant — again to the great dismay of environmentalists. The decision came despite more than 7,500 public comments in opposition to the project. Activists were baffled as to why the governmental bank approved the loan for the controversial project.

    [PHOTO] Black & Veatch Director Parties with Hillary Clinton.

    One of Black & Veatch’s directors, Harold (‘H.P.’) Goldfield, wears several other important hats.

    A veteran Washington insider, Goldfield is a former Reagan-era administrator and ex-director at the Ex-Im Bank. He is currently the vice chair of Albright Stonebridge, the lobbying and advising firm of longtime Clintonite and former Secretary of State, Madeleine Albright. Goldfield is also a Senior International Affairs Advisor at the international law firm Hogan Lovells. One of the firm’s Partners, Howard Topaz, is Bill and Hillary Clinton’s personal tax advisor.

    Seven months after the Ex-Im Bank approved Black & Veatch’s financing for the project, Hillary Clinton attended an exclusive 60th birthday party thrown for H.P. Goldfield at the posh Hamptons home of investor George Hornig. In a photo from the party Clinton is seen in extremely good spirits, glowingly hugging a group that included Goldfield and former US ambassador and State Department official, Richard Haass. [Richard Haas subsequently became appointed to head the Wall-Street-funded Council on Foreign Relations.]

    [PHOTO] “Image credit: Hamptons Magazine

    The Albright Stonebridge Connection

    During the time Ex-Im Bank considered Black & Veatch’s request, Madeleine Albright’s daughter, Alice Albright served as the bank’s Executive Vice President and Chief Operating Officer.

    The released Clinton emails show that at the time the bank was considering the Kusile loan, Clinton and Madeleine Albright maintained a close relationship. …

    Two weeks prior to the bank’s deliberations, Albright sent a direct email to Clinton, suggesting she hire ‘Wendy.’

    This presumably refers to Wendy Sherman, then Vice Chair at Albright Stonebridge – a title she shared at the firm with H.P. Goldfield – who later that year was appointed by Clinton to serve as Under Secretary for Political Affairs. Albright ended the message with ‘I’m off to Prague to research new book but always ready to talk. Love, Madeleine.’

    According to an email from December 2011, Clinton and Albright met again, this time in Prague. Albright wrote, ‘Happy to help on whatever you need wherever and whenever.’ Six months later, Clinton’s schedule reveals she attended Madeleine Albright’s 75th birthday party at Alice Albright’s house.

    Since the approval of the coal plants, several figures involved in the matter landed positions at Albright Stonebrige. Upon retiring form the Foreign Service in 2013, former Ambassador Don Gips was hired as Senior Counselor. Former State Department official Johnnie Carson, who was part of the Clinton team during South Africa’s lobbying for the World Bank loan, also became Senior Counselor for the firm.

    Ex-Im Bank’s Ties to Hillary Clinton

    The Ex-Im Bank is headed by Fred Hochberg, a longtime Clinton family associate, financial contributor, and campaign bundler. Hochberg’s partner, Tom Healy, was nominated during Clinton’s tenure as Secretary to the Fulbright Foreign Scholarship Board, a State Department body. Between 2012-2014 Healy served as Chair of the Board.

    Hillary’s emails during these years reveal her close connection to both Hochberg and Healy. In February 2012, one of Clinton’s daily schedules includes attending Hochberg’s 60th birthday party at the upscale DC dining spot, Sidra’s Home Restaurant.

    A few months later Hochberg extended a personal invitation to Clinton to attend a friend’s book launch. Hochberg then sent a happy birthday wish to Hillary, signing with ‘Much love, Fred.’ Tom Healy sent his own personal birthday note that year, adding ‘I didn’t get to say hello in Haiti on Monday because the rain started and we rushed to the airport.’

    In 2014, The Ex-Im Bank announced the appointment of new members to its Sub-Saharan Africa Advisory Committee. Former ambassador Gips, and Shahid Qadri, Black & Veatch’s Vice President and Regional Director Africa, were among them.

    That carefully researched news-report, which was headlined “Hillary Clinton Showed Support, Associates Profited from Ex-Im Bank Financing World’s Largest Coal Plants in South Africa”, isn’t unusual for the best of all news-sources on environmental matters, the desmog blog. Vardi’s report there provides an indication as to why Secretary of State Clinton, unlike any other Secretary of State before or since, refused to use the government’s authorized and secure email system and its predecessors, the systems that were for official U.S. Government business (which was what has been disclosed here from her private email server all of this clearly was, though Hillary Clinton has stated many times she never used her private server for government business).

    That reason is: she didn’t want voters (nor prosecutors) to be able to know how she transacts her corruption.

    No wonder Wall Street loves her.
    I am a white cisgender alpha male establishment figure

  10. #10
    Join Date
    Jun 2011


Similar Threads

  1. The Consolidated Thread of 9mm Goodness
    By FuriousGeorge in forum The Arsenal
    Replies: 33
    Last Post: 07-23-2016, 09:39 PM
  2. The Consolidated Female Paedophile Thread
    By Captain Birdseye in forum Ladies Nite
    Replies: 137
    Last Post: 07-15-2015, 10:29 PM
  3. The Consolidated Ann Barnhardt Thread
    By Captain Birdseye in forum The Round Robin
    Replies: 38
    Last Post: 12-04-2013, 02:57 AM
  4. The Consolidated Police Crime Thread
    By GORTHOR THE BEASTLORD in forum The Round Robin
    Replies: 38
    Last Post: 11-02-2013, 03:07 AM
  5. The Consolidated Romanian Gypsy Thread
    By GORTHOR THE BEASTLORD in forum The Last Resort
    Replies: 1
    Last Post: 07-16-2013, 11:07 AM

Tags for this Thread

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts