Off-Topic: The plot thickens
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Name:
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MartiniMan
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Subject:
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The plot thickens
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Date:
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1/29/2021 10:36:24 AM
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Apparently Janet Yellen was on the phone all day with various firms about this, including some of the trading platforms that stopped allowing the purchase of GameStop shares. Said Yellen was paid $800,000 in speaking fees by Citadel, one of the hedge funds crushed by this short squeeze.
This is how it works folks. They work in a regulatory agency for a while. Then when they got booted by a new adminstration they work private sector and get paid millions in fees. Then they go back to work in a regulatory agency with a new, friendly administration and the firms that paid them millions start to cash in on their investment. And you wonder why I believe in a limited Federal govt and subsidiarity? This kind of corruption is SOP and we are the ones that have to pay the price. No wonder Trump rescinded his order on lobbying. He must have learned this is how the game is played in DC and everyone wants to cash in. It's a reward system to buy loyalty and fealty.
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