In 1978 Hillary Clinton opened a futures account with Refco, a Chicago-based commodities broker, with a Little Rock, Arkansas office. The manager of her commodity account was none other than James Blair, the general counsel for Tyson’s Foods Inc of Arkansas. Over the years, CEO Don Tyson had been a key supporter of Bill Clinton and according to some Clinton insiders, the most munificent contributor of all.
The manager of the Refco Little Rock office, a man named Robert L. "Red" Bone", a shady character whom the Chicago Board of Trade had disciplined on more than one occasion, ordered the Refco Chicago home office to rein him in. He was also reprimanded by the Chicago Mercantile Exchange, which cited him for "repeated and serious violations of record-keeping functions, order-entry procedures, margin requirements and hedge procedures”. The ideal environment for Hillary to engage in illicit trading activities. “ Double, Double, Toil and Trouble ; Fire Burn, and Cauldron bubble.”
Hillary started with a $1,000 investment and over the course of a single year, under the “expert” guidance of Blair turned that $1,000 into $100,000. The Journal of Economics and Statistics placed the odds of accomplishing that remarkable feat, without intervention, at 250 million to one.
The USC Marshall School of business offers a most plausible theory of Hillary’s spectacular trading success. James Blair executed simultaneous buy and sell orders in the same commodity futures contract. Most of the time he assigned the winnings to Hillary and the losses to himself and occasionally assigned losses to Hillary to keep up appearances and Red Bone received commissions for the illegal money laundering of bribes from Tyson’s Foods to Hillary Clinton.
Bill Clinton did a lot of favors for Tysons foods and we are supposed to believe there was no “Quid Pro Dough”? In the highly regulated Arkansas poultry industry, it made a difference which fox was watching the chicken coop. The right inspector—somebody who understood the fine nuances of Arkansas politics and played the game according to Clinton rules—could easily relax the inspection requirement of Tyson’s Poultry. The cooperative inspector could very well make the difference in whether people bought Tyson’s Arkansas chickens or some out-of-state chickens. So, if you were Tyson, it was important to be tight with Governor Clinton—besides its good politics to promote Arkansas Agribusiness while slaking Hillary’s insatiable thirst for money.
An interesting note—when Hillary was in labor with Chelsea she admitted that she was worried about her sugar futures. During which time husband Bill was focusing on acquiring non-domestic sugar futures and non-domestic sugar present to slake his insatiable thirst for something other than money.
