I agree on Shark Tank. Hate that show.
Regarding Hillary's cattle futures. My guess is that her broker used "past posting," which was legal back then.
Hillary opens a futures brokerage account with a dirty broker for $1,000.
Gov. Bill Clinton's puppet master also opens an account with the same dirty broker for $100,000.
The dirty broker takes the two accounts ($101,000) and puts them together in a master account for easier management.
So far, nothing illegal or immoral. Until ...
Dirty broker makes trades in cattle futures. Most likely, he used a spread trade. That would be like buying January cattle futures while also short selling August cattle futures. They both generally go up or down together (usually), but not at the same rate. Since they are opposite sides of the same basic trade, one is up and the other is down.
AFTER the trades are closed out, one of them is a winner and the other is a loser. Due to the leverage, it could be maybe $5,000-10,000 or more win/loss.
He then ... does what is now illegal ... AFTER the trades are closed out, he assigns the winning trade to Hillary and the losing trade to the puppet master.
Hillary's account has gone from $1,000 to $11,000, and the puppet master's account has gone from $100,000 to $90,000. Continue this for a few more trades (or even, just one big trade), and no real money was made or lost, but Hillary's account is now $100,000 and the puppet master's account is $1,000.
Abracadabra ... "cattle futures trading genius" is born. Never mind that she has never done anything close to that before or since.
The puppet master gets invited to the governor's mansion, and tells Bill how things are going to be, and Bill bends over like the cheap whore he always was, and does what he is told.
That's probably the real story behind that one.
I agree on Shark Tank. Hate that show.
Regarding Hillary's cattle futures. My guess is that her broker used "past posting," which was legal back then.
Hillary opens a futures brokerage account with a dirty broker for $1,000.
Gov. Bill Clinton's puppet master also opens an account with the same dirty broker for $100,000.
The dirty broker takes the two accounts ($101,000) and puts them together in a master account for easier management.
So far, nothing illegal or immoral. Until ...
Dirty broker makes trades in cattle futures. Most likely, he used a spread trade. That would be like buying January cattle futures while also short selling August cattle futures. The both generally go up or down together (usually), but not at the same rate. One is up and the other is down.
AFTER the trades are closed out, one of them is a winner and the other is a loser. Due to the leverage, it could be maybe $5,000-10,000 or more win/loss.
He then ... does what is now illegal ... AFTER the trades, he assigns the winning trade to Hillary and the losing trade to the puppet master.
Hillary's account has gone from $1,000 to $11,000, and the puppet master's account has gone from $100,000 to $90,000. Continue this for a few more trades (or even, just one big trade), and no real money was made or lost, but Hillary's account is now $100,000 and the puppet master's account is $1,000.
Abracadabra ... "cattle futures trading genius" is born. Never mind that she has never done anything close to that before or since.
The puppet master gets invited to the governor's mansion, and tells Bill how things are going to be, and Bill bends over like the cheap whore he always was, and does what he is told.
That's probably the real story behind that one.