Posted on 01/28/2021 2:48:13 PM PST by USA Conservative
Janet Yellen, President-elect Joe Biden’s pick for Treasury secretary, collected more than $7 million in speaking fees during more than 50 in-person and virtual engagements over the past two years, according to financial disclosures released Thursday.
Her fees came from Citadel too – which has invested billions of dollars in the primary hedge fund now suffering as a result of the GameStop stock surge.
Yellen’s financial disclosures reveal over 60 speeches to financial firms, and items 25, 29, and 49 on the list shows her receiving a sum of $810,000 from Citadel in speaking fees. Image below:
On Thursday, Robinhood, an online brokerage firm, blocked retail investors trading GameStop and other stocks – a clear manipulation – in order to stop the bleeding and protect Citadel, a multinational hedge fund with a vested interest in Robinhood.
Citadel and Point72 infused nearly $3 billion into Melvin Capital, a hedge fund that took a beating after betting against GameStop as Reddit traders caused GME to soar.
A person who purports to be a Robinhood employee (unconfirmed) blew the whistle on a conversation that went down with the brokerage firm’s C-Suite, Sequoia Capital (a venture capital firm that focuses on tech), AND THE WHITE HOUSE.
Image from his statement below:
The stock manipulation is a scandal in itself but if the White House was involved and pressured the online brokerage firms to halt trading, the scandal will officially be HUGE.
Was Janet Yellen involved in the halting of trading in order to protect Citadel, a hedge fund that previously paid her nearly $1 million in speaking fees?
The move has been widely viewed as protecting Wall Street hedge funds, whom Yellen has made millions speaking from, while “selling out” the little guy.
Citadel recently funneled billions into Melvin Capital Management according to The Wall Street Journal.
Biden’s White House press secretary refused to comment on Secretary Yellen’s engagements and speaking fees from Wall Street hedge fund being protected by the White House. She bragged about Yellen being a woman and said she’s “one of the world-renowned experts on markets.”
Video below:
Lawmakers from both major parties criticized Robinhood on Thursday after the California-based financial services firm announced it had restricted its customers’ ability to buy stock in GameStop and other companies whose shares have been driven up by retail investors organized online.
Robinhood announced earlier in the day that it had limited trade in GameStop and other stocks targeted by investors on the irreverent WallStreetBets Reddit forum, citing “recent volatility.”
Investors from the message board had sent shares of the video game retailer up 1,500% in recent weeks, in the process pulling off a calamitous “squeeze” for hedge funds who had bet the company’s shares would continue to slide. In a reversal, shares of GameStop tanked on Thursday after the restrictions were put in place.
She took $7.2 million in speaking fees from various Wall Street firms. I would say she’s qualified for her position she’s a great grafter.
https://www.google.com/amp/s/www.politico.com/amp/news/2021/01/01/yellen-made-millions-in-wall-street-speeches-453223
Whole lot of smoke here. I’m sorry for the folks that were robbed by Robbenhood but this market rigging is a gift from above for MAGA. It just proves in spades everything Trump ever said about the rigged swamp.
Senile Joe Biden the FALSE President of the U.S.A. is NOT bringing back the swamp, the swamp has never really left, he’s just bringing back some swamp members so they can finish the Destruction of America in 20 days or less, and they are not even trying to hide it.
That Senile old man has a good start on doing just that along with his Cabinet choices with the boatload of NEW Regulations and job killing E/O’s and other decrees.
More E/O’s in his first week than Clinton, Bush, Trump COMBINED in their first month in office. Have to love the Commiecrat idea of transparency and Democracy. Better make sure the kids learn Mandarin or they are going to be in an even tougher situation than they are now unless we see succession or a Civil War, the America we once knew is not coming back. without one or the other likely both.
Lead the way Texas, the Gulf States, and any other State or portion of one that wants to live with Rights and a Constitution, the same one we’re under now with some hardcore protections added for the First and Second Amendments so this never happens again!!!
Janet Yellen is a woman, so nothing to see here. Believe all women.
Time to get rid of these deep state swamp creatures. Destroy their reputation. Destroy their lives. Get in their faces and fight. Give them no quarter.
Why the false title?
Why the lie?
It’s an interesting story without doing that.
These “new media” have got to make some effort to be honest and respectable instead of stooping to the level of CNN grade lying.
I talked my kid out of joining the Army.
No one should fight for such a corrupt nation.
Haven’t seen much mention of the irony behind the name Robinhood as it relates to this story. Not exactly stealing from the rich to give the the poor, are they?
Good choice. Unless your kid is a homosexual and likes to work for extreme left wing liberals that will prosecute him under the UCMJ for being a homosexual, it is far too dangerous to be in the military today.
GamerGate II: Electric Boogaloo!
Amen!!
She took $7.2 million in speaking fees from various Wall Street firms. I would say she’s qualified for her position she’s a great grafter.
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but but but.... will she kick 10% up to the big guy?
I was just saying the same thing to my husband. No one should be sacrificing their lives in endless foreign wars since there is no longer any Freedoms left to fight for.
Agreed....this has massive implications and ties in to what the whole MAGA movement is all about....system is rigged for the elites and against the little people!
Eight days in and they’ve got themselves a barnburner of a scandal.
This is a big one.
Allegedly Robin Hood sent this late today:
It’s been a tough day, and we’re grateful to you for being a Robinhood customer. In light of the extraordinary market conditions this week, we temporarily limited buying for certain securities this morning. Starting tomorrow, we plan to allow limited buys of these securities. We’ll continue to monitor the situation and may make adjustments as needed.
This was a temporary decision made to best continue serving you, and was not an easy one to make. We know it’s led to frustration and confusion, and wanted to provide some clarity.
As a brokerage firm, we have many financial requirements, including SEC net capital obligations and clearinghouse deposits. Some of these requirements fluctuate based on volatility in the markets and can be substantial in the current environment. These requirements exist to protect investors and the markets and we take our responsibilities to comply with them seriously, including through the measures we have taken today.
To be clear, this decision was not made on the direction of any market maker we route to or other market participants.
The past year in particular has shown us that the financial markets are for everyone—not just institutional investors and hedge funds. We’ve seen a new generation enter the market, and they’re sparking conversations about what it means to be an investor. We stand in support of you, our customers. Democratizing finance for all means giving more people access, not less.
We’ll keep monitoring market conditions and will update this Help Center article with the latest changes. We also published a blog post regarding today’s events.
Thank you again for being a Robinhood customer. We’re so grateful for your support.
The stock manipulation is a scandal in itself but if the White House was involved and pressured the online brokerage firms to halt trading, the scandal will officially be HUGE.
Was Janet Yellen involved in the halting of trading in order to protect Citadel, a hedge fund that previously paid her nearly $1 million in speaking fees?
—
Talk about an appearance of impropriety.
I guess we can waste energy getting all hot and bothered about her abysmal ethics and probable crimes, but we know she’s a Teflon RAT. She’ll be fine.
Yeah but remember, when commies do it its fine, just like with Pelosi and her hubby selling their tesla stock, insider trading is totally fine as long as you have a D next to your name
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