From: jonathon <grafolog@netcom.com>
Date: Fri, 7 Jun 1996 12:05:45 +0800
To: hallam@Etna.ai.mit.edu
Subject: Re: whitehouse web incident, viva la web revolution
In-Reply-To: <9606052133.AA03412@Etna.ai.mit.edu>
Message-ID: <Pine.3.89.9606061558.A14010-0100000@netcom9>
MIME-Version: 1.0
Content-Type: text/plain


	Phill:


On Wed, 5 Jun 1996 hallam@Etna.ai.mit.edu wrote:

> You still don't understand, the $1000 is not the stake, it is merely the 
> deposit. The stake is Hillary's entire net worth, that is what she is betting 

	Call it what you will, the odds of 25 consecutive contracts
	all showing a profit are miniscle, except under one set of
	circumstances.  <<  It is something like 1 chance in
	15 511 210 000 000 000 000 000 000.  >>

	You expect us to seriously believe that somebody with
	virtually no knowledge of futures trading would not end up
	having to meet at least one margin call, in 25 trades?
	
> trade that one would expect to make in an underwritting capacity 
> for a commodity market. 
> Steady profits on contracts which generally pay off. 

	Futures trading on contracts generally show a profit?
	I guess you are talking about the person who sets up 
	the trades, and takes a commission on the trades, 
	regardless of who makes, or ( usually ) loses money. 
	
> So you think that the Republican's in Washington haven't figured out
> what Perry Metzger has? 

	Statistical proof is only accepted in academia.  Depending
	upon your POV, this may or may not be a good thing, when
	one is facing civil, or criminal charges.  

	Finding proof for either civil or criminal charges is a 
	slightly different matter.

> the US does. I have friends in both parties who have left the Washington 
> political scene because they don't think the game is worth the candle. 

	The US Media is slightly less freindly towards politicians, 
	than other countries.

	US Politicians are freindlier to each other,
	than politicians in other countries are. 

        xan

        jonathon
        grafolog@netcom.com



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