Janet Yellen, the former head of the Federal Reserve, is Joe Biden’s pick to head the Treasury Department and she has a lot in common with Hillary Clinton.
Since leaving the Fed, Yellen has made a fortune giving speeches to Wall Street firms and big tech operations like Google.
Aren’t Democrats supposed to be against this sort of thing?
From the Associated Press, via Market Watch:
Yellen, Biden’s pick to head Treasury, discloses millions in income from Wall Street speeches after Fed term
President-elect Joe Biden’s choice to be treasury secretary, Janet Yellen, collected more than $7 million in speaking fees in 2019 and 2020 from major financial firms and tech giants including Citi C, -2.47%, Goldman Sachs GS, +0.49% and Alphabet GOOG, -1.35% GOOGL, -1.51% unit Google, according to disclosure forms filed as part of her nomination.
Yellen’s was one of three financial disclosures filed by Biden transition officials that were made public on Thursday by the Office of Government Ethics. In a separate filing, Yellen listed firms and banks where she had received speaking fees and said she intended to “seek written authorization” from ethics officials to “participate personally and substantially” in matters involving them.
Yellen was the Federal Reserve chairwoman from 2014 to 2018. Her term was not renewed by President Donald Trump…
But receiving steep payments from Wall Street bankers and other powerful corporations could become an issue as her nomination works its way through a closely divided and potentially contentious Senate. Hillary Clinton faced criticism from the left wing of the Democratic Party while running for president in 2016 for having received past, lucrative speaking fees at Wall Street firms.
Here’s the funny part. Democrats are saying that if you point this out, it’s because of sexism.
Democrats — including numerous Dem Party-aligned journalists — have spent all day smearing 2 Politico reporters as misogynistic because they had the sexist audacity to report on the very lucrative relationship between Janet Yellen & Wall St., the industry she’s about to regulate: https://t.co/6MQ4e00BJQ
— Glenn Greenwald (@ggreenwald) January 1, 2021
Politico Gets Dragged as Sexist for Saying Biden Nominee Janet Yellen 'Raked In More Than $7.2 million' For Speeches https://t.co/Yr1Z7Eltcl
— Mediaite (@Mediaite) January 2, 2021
Has anyone in the media asked Bernie Sanders or Elizabeth Warren to comment on how Yellen made all this money?
Just kidding. Of course they haven’t.