Cattlegate and Hillary Clinton
In 1978, Hillary Rodham Clinton turned a small $1,000 investment into nearly $100,000 after 10 months. The event is referred to as the "cattle futures controversy" or "Cattlegate."[1]
The Journal of Economics and Statistics placed the odds at 250 million to one that a trader could honestly achieve the results Hillary achieved.[2]
Hillary's account was managed by Jim Blair, who was a high-ranking member of the Tyson food empire. Speculation is that Hillary's profits in part reflected on a method to curry favor with her husband Bill's administration.[3]
Analysis
The Marshall Magazine, a publication at the business school of the University of Southern California, conducted an analysis into what might have caused Hillary to achieve such extraordinary profits in 10 months.[2]
- Blair may have been an exceptionally good trader.
- Hillary may have been exceptionally lucky
- Blair may have been front-running other orders.
- Blair may have arranged to have a broker fraudulently assign trades to benefit Hillary's account.
References
- ↑ Hillary Rodham Clinton: What Every American Should Know, Paperback Version: 33-38 of 89
- ↑ Jump up to: 2.0 2.1 Hillary Rodham Clinton: What Every American Should Know, Paperback Version: 36 of 89
- ↑ Hillary Rodham Clinton: What Every American Should Know, Paperback Version: 33 of 89