Posted on 11/16/2022 6:43:03 AM PST by RoosterRedux
Treasury Secretary Janet Yellen said Tuesday that her agency had “no basis” to investigate the finances of Twitter following calls from Democrats, including President Joe Biden, to investigate the company or owner Elon Musk over its connections with the Saudi Arabian royal family.
Yellen’s comments come less than a week after Biden told reporters at a Nov. 9 press conference that Musk’s connection to the Saudis, who gained a roughly 4% stake in Twitter after investing roughly $1.9 billion into the mogul’s $44 billion acquisition of the platform, was “worth being looked at.” Democratic Sen. Chris Murphy of Connecticut previously wrote to Yellen, in her capacity as the chair of the Committee on Foreign Investment in the United States (CFIUS), requesting that CFIUS investigate the company due to “national security concerns” over potential Saudi access to Twitter users’ data in an Oct. 31 letter.
“Well, I’m not sure precisely what [the president] had in mind, but we are — we have really no basis — to the best of my knowledge — to examine his finances of his company. I’m not aware of concerns that would cause us to [investigate],” said Yellen to CBS News.
*snip*
While Yellen has seemingly shot down a CFIUS investigation for now, Democrats from both the House and the Senate, including Sen. Ed Markey of Massachusetts and Rep. Jan Schakowsky of Illinois, have called attention to the Federal Trade Commission’s (FTC) authority to investigate Twitter’s use of user data, according to Politico.
*snip*
“Every day at that company brings increasing chaos that threatens users’ wellbeing,” Markey told Politico. “The FTC has an obligation to make sure Twitter and its leadership are abiding by their responsibilities under the law and agreements with regulators.”
(Excerpt) Read more at dailycaller.com ...
Yellin obviously didn’t get the Woke memo re: NO free speech at Twitter.
They could use the same excuse to investigate Musk with his Tesla Gigafactory dealings in China.
how long before she steps down?
Or steps in front of a speeding freight train.
strozk’s wife at the SEC says
hold my beer
LOLOLOLOLOL! Guess she was too busy yellen to read the memo eh? Basis to cause investigations on the opposition? You so funny janet.
maybe they will discover a “dossier” as a basis for the investigation
That’s what I thought too. She’s gone off the reservation.
But there may be other things behind this, mostly FTX, so we shall see.
Fixed it. 'nuff said!
It doesn’t matter to a Cultural Marxist of there is reason to investigate or not. Musk has been identified as a threat and must be investigated, an actual crime can be manufactured along the way.
They can’t investigate Twitter. Elon has receipts. He is not going to miss the opportunity to blow twitter corruption out into the open, even if they go after him
Since when do Democrats need a basis for an investigation?
Elon Musk should set a maze of walls for the feds to go through for his 5:00 raid. You know it’s coming . . .
The Socialist RATS don’t have any “STANDING” to do an investigation. (A little Feral RAT Judge lingo there.)
“Every day at that company brings increasing chaos that threatens users’ wellbeing,” Markey told Politico.
WTF should the gov. care about the “wellbeing” of a twatter?
If you don’t like it then GTFO.
If they did it in response to Biden’s calls, that would be part of Musk’s defense, but now they can say, “we rejected calls for investigation at the time, but happened to find this new issue later”
Musk’s connection to the Saudis, who gained a roughly 4% stake
And the Biden’s have how much stake in Ukraine energy and other companies around the world?.
Oh never mind don’t look over there.
He is a guy who, when he was younger, wrestled with depression...the kind that comes from a lack of "meaning/purpose in life." He concluded that "meaning" in his case must come from making a BIG difference.
Musk's Big difference: he is battling the Left's Cult of Woke to rescue free speech for America (and, by association, the world).
He picked this battle knowing it was going to be a knock-down, drag-out fight. And given that he's a bona-fide genius, he very well might win.
Let's get some popcorn and have a seat.
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