Hillary Rodham Cattle Futures Controversy
In 1978 and 1979, lawyer and First Lady of Arkansas Hillary Rodham 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. In 1994, after Hillary Rodham 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, allegations that Clinton strongly denied. There were no official investigations of the trading and Clinton was never charged with any wrongdoing.
Read more about Hillary Rodham Cattle Futures Controversy: Trades and First Exposure, Likelihood of Results, Merc and Melamed Investigations, Clinton Responses, Official Findings
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“What you don’t understand about this town is that they can fight about issues all they want, but they don’t really care about them. What they really care about is who they sit next to at dinner.”
—Anonymous “Prominent Woman,” Washington, DC, socialite. As quoted in The Agenda, ch. 20, by Hillary Rodham Clinton, to Bob Woodward (1994)
“What you don’t understand about this town is that they can fight about issues all they want, but they don’t really care about them. What they really care about is who they sit next to at dinner.”
—Anonymous “Prominent Woman,” Washington, DC, socialite. As quoted in The Agenda, ch. 20, by Hillary Rodham Clinton, to Bob Woodward (1994)
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—Chinese proverb.
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