Posted on 01/29/2021 6:58:39 PM PST by TigerLikesRoosterNew
Secretary of the Treasury Janet Yellen has come under fire after it was revealed she received payments from a Wall Street hedge fund known as Citadel LLC, which may have played a role in Robinhood’s decision to cancel purchases of shares in retail companies.
According to Yellen’s public financial disclosures, she was paid over $800,000 to give speeches to Citadel. Some may wonder why this is significant even after White House press secretary Jen Psaki called Yellen one of the world’s leading experts on economics.
“Separate from the GameStop issue, the Secretary of the Treasury is one of the world renowned experts on markets…on the economy,” Psaki stated. “It shouldn’t be a surprise to anyone she was paid to giver her perspective and advise before she came into office.”
The issue is Citadel Group has allegedly initiated one of the most egregious market manipulations in U.S. history by pushing day trading app Robinhood to halt all purchases of retail stocks amid a massive surge.
The surge happened when novice day traders realized the vast majority of stocks held in retail companies like GameStop, AMC and Express were shorts held by major hedge funds who expected the stocks to fail.
However, Reddit users on the WallStreetBets forum realized they could get thousands of people to buy the stocks, in turn, triggering a massive surge.
“Right now, it is so easy, free, readily available, completely gamified on peoples cell phones,” explained Jaime Rogozinski, founder of the WallStreetBets page. “They are able to instantly get in there and participate, and start using these sophisticated leverage tools that they’re able to exploit the asymmetry of money right.”
On Thursday morning, Robinhood decided there was too much “market volatility” and stopped letting users buy the booming stocks.
(Excerpt) Read more at oann.com ...
One, she won’t recuse. Two, it won’t matter...
She won’t. She is a democrat.
Recuse herself? She’s the whore of Wall Street. Her entire purpose for being in the Xao Bai-Din (Joe Biden) administration is to serve their cronies.
She’ll recuse if the money’s right, not if it isn’t. The U.S. government is for sale now and everybody in DC knows it.
What were the dates of the speeches? Where were they held and who was in attendance? Surely for that kind of money someone has video of some of the speech.
Or was it just a payoff?
Of course it is a payoff. If you could clone Jesus, Albert Einstein and Mahatma Gandhi together into one person, a single speech would not be worth $800,000.
I’m sure that she’ll get right on that...
its also alleged that spokesmen PSakis borther works there....
The president has zero business with this. Some investors bet against some stocks, some bet for. Unless it’s his job to protect short sellers profit margins, the US government has no business here.
Except the illegal activity of Robinhood in selling investors stocks without authorization.
LOL - she won’t recuse. Acting like there are any ethics in this corrupt administration is a laugh riot.
Bilbo Baggins in Drag never should have been confirmed as Treasury Secretary in the first place.
Warrants impeaching Trump for the 3rd time!!!
The more the Biden* administration attempts to put their thumbs on the scales for desired outcomes instead of equal opportunity, the more Chaos Theory will wreak havoc on their plans.
Yellen signed an agreement to recuse for one year.
After Joe Biden was caught on tape admitting that he demanded the Ukrainian prosecutor be fired, the MSM said the story had been “debunked.” (It wasn’t clear if MSM thought the video had been faked or what exactly but they said it was debunked.)
It won’t matter what she said, if anything....MSM won’t find anything wrong with it.
Dirty.
Yellen isn’t worth $800,000 for just opening her mouth. She’s corrupt just like many of Biden’s/Obama’s picks for VIP govt positions in the Biden regime.
Called “Pay to play in the future”.
“Advising biden” is akin to “advising a bag of hammers”. It’s totally irrelevant what he is told.
The real issue is recusing from advising Susan Rice. Of course, the question won’t even be asked. Though Yellen is hopelessly compromised on this (and a lot of other things) she will “advise” whomever she wishes, about any topic she wishes, and nothing will ever be said about it.
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