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
Famous quotes containing the words hillary rodham, hillary, rodham, cattle, futures and/or controversy:
“[The health plan was] constructed to be deconstructed. [Instead,] it was described as an ultimatum by our opponents and therefore used to undermine the process of reaching agreement.”
—Hillary Rodham Clinton (b. 1947)
“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)
“You show people what you’re willing to fight for when you fight your friends.”
—Hillary Rodham Clinton (b. 1947)
“During the cattle drives, Texas cowboy music came into national significance. Its practical purpose is well known—it was used primarily to keep the herds quiet at night, for often a ballad sung loudly and continuously enough might prevent a stampede. However, the cowboy also sang because he liked to sing.... In this music of the range and trail is “the grayness of the prairies, the mournful minor note of a Texas norther, and a rhythm that fits the gait of the cowboy’s pony.””
—Administration in the State of Texa, U.S. public relief program (1935-1943)
“One of the things that is most striking about the young generation is that they never talk about their own futures, there are no futures for this generation, not any of them and so naturally they never think of them. It is very striking, they do not live in the present they just live, as well as they can, and they do not plan. It is extraordinary that whole populations have no projects for a future, none at all.”
—Gertrude Stein (1874–1946)
“And therefore, as when there is a controversy in an account, the parties must by their own accord, set up for right Reason, the Reason of some Arbitrator, or Judge, to whose sentence, they will both stand, or their controversy must either come to blows, or be undecided, for want of a right Reason constituted by Nature; so is it also in all debates of what kind soever.”
—Thomas Hobbes (1579–1688)