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WH Ignores Question About Yellen Taking $800k In Speaking Fees From
Firm That Bailed Out Loser Hedge Fund In Gamestop Affair

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Posted By Tim Hains
On Date January 28, 2021

White House press secretary Jen Psaki avoided answering a question
during Thursday's briefing about whether newly confirmed Treasury
Secretary Janet Yellen should recuse herself from advising the
president on issues related to the developing Gamestop/Robinhood/
Reddit stock trading scandal.

Citadel, the firm that bailed out the first hedge fund to be
bankrupted by the crowd-sourced stock-buying bonanza this week, has
paid Yellen more than $800,000 in speaking fees in recent years.

After it was reported that Yellen was on the phone all day Wednesday
talking to key players involved in all aspects of the scandal, most
commercial trading platforms stopped the buying of more stocks
involved in the ruckus on Thursday morning.



    REPORTER: With the markets and everything that is happening with
    Gamestop, you did mention yesterday that the Treasury Secretary
    is monitoring the situation and she is on top of it.

    There have been some concerns about her previous engagement with
    Citadel, and speaking fees she has received from Citadel. Are
    there any plans to have her recuse herself on advising the
    president on Gamestop in the whole Robinhood situation?

    JEN PSAKI, BIDEN ADMIN: 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
    refered to.

    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.

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Related Topics: Jen Psaki, Janet Yellen, Gamestop, Biden
Administration
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