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Why did Hillary Clinton invest in cattle futures?
Clinton made dramatic gains by investing in live cattle futures, which are contracts linked to an anticipated future value of 40,000 pounds of slaughter-ready beef cattle. Commodity trading is generally thought to be extremely risky, because if the market goes down, an investor can be liable to come up with the full amount.How did Hillary Clinton make her money in the meat industry?
Mrs. Clinton made dramatic gains by investing in live cattle futures, which are contracts linked to an anticipated future value of 40,000 pounds of slaughter-ready beef cattle. Commodity trading is generally thought to be extremely risky, because if the market goes down, an investor can be liable to come up with the full amount.Is Hillary Clinton making a 100-fold return from trading futures?
Opened to public scrutiny less than a year ago, Mrs. Clinton’s one hundred-fold return from trading futures has already become part of popular lore. Whenever anyone is suspected of making a fast buck nowadays, the First Lady’s adventure in commodities trading is bound to come to mind.What was the impact of the Clinton-Clinton trade?
In 1994, after Clinton had become First Lady of the United States, the trading became the subject of considerable controversy regarding the likelihood of such a spectacular rate of return, possible conflict of interest, and allegations of disguised bribery.