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To: Oenothera
"Ah, that explains why Hillary turned 1000 dollars in chicken futures into of 1,000 dollars per dollar invested"

The irony of the cattle-futures payoff is that the party paying the bribe most likely received a tax-deductible loss.
17 posted on 08/07/2003 8:39:53 AM PDT by WoofDog123
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To: WoofDog123
Hillary's gains are easy to explain. It's called a "straddle." (Ewwwwww, gross mental image.)

In a straddle, you make a bunch of trades. You sort the winning bets from the losers. You then write person A's name on the winning bets, and person B's name on the losing bets. They settle their accounts with the broker, and the result is person B gives person A $X without directly giving them the money.

In Hillary's case, the cattle futures windfal was almost certainly a bribe disguised using a straddle. Straddles are now illegal. They might not have been when Hillary benefited from one, but bribes and bribe-taking have always been illegal, no matter how you pass the money.
25 posted on 08/07/2003 12:39:21 PM PDT by eno_
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