Posted on 01/29/2021 9:02:35 AM PST by rktman
The White House refused to answer questions about the populist revolt happening against Wall Street and whether Treasury Secretary Janet Yellen will recuse herself from advising President Biden about GameStop and Robinhood.
Robinhood and other trading platforms on Thursday restricted GameStop, AMC, and a number of other names to “position closing only” so traders were not able to buy more shares, only sell their existing holdings. On Friday, the company began allowing limited buys.
According to RealClearPolitics, this move came after Yellen was reportedly “on the phone all day Wednesday talking to key players involved in all aspects of the scandal.”
She has been paid more than $800,000 in speaking fees by Citadel, the hedge fund that bailed out one of the biggest losers in the GameStop buying spree.
But Psaki, responding to a reporter’s question about Yellen’s possible recusal, wouldn’t say one way or the other.
“To be clear, what I said is that the Treasury Secretary is now confirmed. Obviously,we have a broader economic team. The FCC put out a statement yesterday that I referred to," she said. "I don't have anything further for you on it, except for to say, separate from this GameStop issue, the Treasury Secretary is a world-renowned expert on the economy. It should not be a surprise to anyone that she was paid to give her expert advice before she came into office."
(Excerpt) Read more at townhall.com ...
HA! Democrats never recuse themselves.
This is a political opportunity to accurately paint Democrats as Elitist Wall Street Hedge Fund Black Hats.
Hit ‘em hard!
Ok
I know this is the way It will go for these antiamerican weasels. But for 5 years it has been Trump Trump Trump. NOT the President not the White House
Now we see White House and we think trump
And it s not Biden Biden.
Yellen’s predecessor Bernanke works at Citadel.
The whole Swamp is incestuous.
Revolving door billionaires sucking average Americans wallets again!
If this happened under Trump, they would be dragging him through the mud about it.
So far, I don’t see any improper actions by anyone. You are free to short the stock, and free to buy call options, and you are free to state your opinion and current position.
That’s the stock market! Get used to it.
Yellen’s predecessor Bernanke works at Citadel.
The whole Swamp is incestuous.
___________________________________________________________
What did you expect? Another surprise: Strok’s ex is SEC Boss. Carry on.
As a long term investor I shake my head at the hedge fund and reddit speculators but it does provide some entertainment.
More popcorn!
Pissaki always has to “circle back on this issue.”.
What a corrupt administration.
It looks like the “big boys” got caught with their naked shorts on...
:-)
Interesting...if true.
https://www.sec.gov/news/press-release/2021-15
Melissa Hodgman Named Acting Director of Division of Enforcement
Melissa Hodgman is Peter Strzok’s ex.................
“Yellen’s predecessor Bernanke works at Citadel.
The whole Swamp is incestuous.”
That it is. Also, Psaki’s husband is a fund manager at Citadel! I’m shocked she didn’t disclose that! Ha!!!!
Illegal naked short selling. What will they do about it and how much of it is going on?
Robinhood, and the other low-cost houses stopped trading on their own, (the stock was still being traded in other venues,) and sold their clients stock without the clients' permission.
You don't see that as improper?
Yup. Everything that’s transpired with the Gamestop run-up is legal. The real issue is it’s hedge funds losing their asses on a short squeeze, and let’s not forget that many of the Left’s largest donors are hedge fund managers.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.