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Swamp rats reunited and it feels so good

RaceBannonRaceBannon Member, Swaye's Wigwam Posts: 104,442 Founders Club
https://newsmax.com/us/treasury-secretary-janet-yellen-federal-reserve/2021/01/04/id/1004240/


President-elect Joe Biden's pick for Treasury secretary, Janet Yellen, earned millions of dollars in recent years, giving speeches to Wall Street banks she soon could be regulating.

Yellen, former chair of the Federal Reserve, earned nearly $1 million alone in multiple speeches to Citigroup, according to financial disclosure documents filed last week, per CNN. She also has given speeches to major corporations and industry groups.

Among the other companies Yellen addressed since stepping down from the Fed in 2018 were Google, Goldman Sachs, Bank of America, and Salesforce.

Although it is common for former government officials to earn big money by giving speeches, Yellen's disclosure could create some awkwardness. She will become Biden's top official for the economy and finance – if, as expected, she is confirmed as Treasury secretary.

"This disclosure dovetails with some broader Democratic concerns regarding the revolving door and the access certain financial services firms have to top policymakers," Isaac Boltansky, director of policy research at Compass Point Research & Trading, told CNN in an email.


Obviously VERY concerned.
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