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Janet Yellen is in the cat bird seat and it pays well!

serfserf Member Posts: 9,217 ✭✭✭✭
edited February 2021 in Politics


Must be nice to make 810,000 dollars and then come back as a leader to get back into the action again! it's the same old games up their in D.C. and nothing is going to changed that.

serf

https://www.zerohedge.com/markets/yellen-gets-ethics-waiver-lead-regulatory-crusade-against-hft-after-taking-700k-citadel

Now, barely days after being confirmed as President Joe Biden's new Treasury Secretary, Janet Yellen must preside over a major media circus and the most glaring indication yet of just how broken the US stock market is (thanks in large part to her actions while she was head of the Fed.

Yellen received almost a million dollars in "speaking fees" in the past two years from the firm that is the quasi-monopoly "market maker" in the US, responsible for half of retail order flow thanks to its domination of Robinhood trades...


Janet Yellen accepted $810,000 in speaking fees from Citadel, owner of Robinhood. Reporter: Are there any plans to recuse herself from advising the President on GameStop and Robinhood situation? Psaki: ‘No and she’s an expert and deserves that money.’

https://www.bloomberg.com/news/articles/2021-02-03/yellen-summons-regulators-to-discuss-financial-market-volatility?srnd=premium&sref=i4qXzk6d

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