Biden Treasury Secretary Paid $800K by GameStop Firm, WH: 'It Shouldn't Be a Surprise ...'
Biden's Treasury Secretary Janet Yellen — the first female to hold the position EVAH — made a buttload of money speaking to Wall Street firms. Like, to the tune of seven million dollars. $800K of it came from Citadel, the hedge fund at the center of the GameStop/Reddit/WallStreetBets brouhaha. Which, if you're still confused about, this is the best explainer I've seen. Yellen's current job is to advise President Biden on how to handle the GameStop situation. Which involves a Wall Street firm that paid her a lot of money.
Could that possibly be a conflict of interest? Press secretary Jen Psaki says, "Meh."
WH Dodges Whether Janet Yellen should Recuse Herself from GameStop, Robinhood Controversyyoutu.be
Separate from the GameStop issue, the secretary of Treasury is one of the world renowned experts on markets, on the economy. It shouldn't be a surprise to anyone she was paid to give her perspective and advice before she came into office — before she came in to be the treasury secretary, I should say.
I personally don't have a problem with Yellen having given speeches. Girl, get yourself paid. But it creates a dilemma. Wall Street vs. Main Street is a common debate in politics. It's what a lot of populism stems from. The GameStop story -- hedge funds vs. Reddit bros -- is the clearest example of that I can remember. The person whose job it is to advise the president has a past financial interest in the hedge fund half of that dispute. Is it reasonable to consider that a conflict of interest? I'd argue it at least deserves a better answer than we "shouldn't be surprised." Or at least it would if Yellen, Psaki, and Biden were all Republicans.
Main Street feels the system is rigged against it. It's difficult to change the perception when your top adviser has been paid millions of dollars by the people (allegedly) doing the rigging.
Time for an Explanation...youtu.be
Need a quick laugh? Check out and subscribe to our CrowderBits YouTube channel for Louder with Crowder skits, opens, and parody videos!
- Emails Show Hunter Biden Introduced Businessman to Joe Biden ... ›
- Joe Biden on "To Catch a Predator" (Parody) - Louder With Crowder ›
- Joe Biden Says Amazon Doesn't Pay Taxes, Gets Fact Checked by ... ›
- Steven shows the contradiction of the Biden campaign publicly ... ›
- DEBATE RECAP: Trump and Biden spar over the Affordable Care ... ›
- Hunter Biden's rumored recent activities are troubling - TheBlaze ›
- Man Has Emotional Breakdown After Losing Job Over Joe Biden's ... ›
- Joe Biden Calls Joe Biden a Dictator Back in October - Louder With ... ›
- Biden Challenged on Sacrifices Expected of American People ... ›
- Biden/Harris campaign ignites controversy over conflicting stance ... ›
- Psaki Gets Called Out Over In-Person Learning for Migrants Before Schools Reopen in California - Louder With Crowder ›
- Psaki Called Out on WH Hypocrisy: If POTUS Wants All-Star Game Out of Georgia, Why Not Olympics Out of China? - Louder With Crowder ›