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kcar

kcar Avatar



Posted: Feb 1, 2021 - 1:14pm



 rhahl wrote:
Janet Yellen, the Secretary of Treasury and former head of the Fed, who infamously received $7 million in speaking fees during her time “away” from government, received $800,000 from Citadel (one of the hedge funds involved) for a single speaking engagement. That’s double what Hillary got from Goldman Sachs in 2016.

https://consortiumnews.com/2021/01/30/3-card-monte-wall-street-style/

 


 

Yellen charged what the market would bear. She was open about the money she earned and has pledged to follow the advice of a Treasury Department ethics lawyer while serving as Treasury Secretary. What's the problem?

IIRC Steve Mnuchin, Jared Kushner and other Trump administration officials repeatedly failed to list all sources of income and contacts with members of foreign governments.


From Vox.com


But Yellen’s speaking fees, for better or worse, aren’t anomalous. Her predecessors at the Fed, Alan Greenspan and Ben Bernanke, did the same kind of speaking arrangements once their public tenures ended. Bernanke is now on Citadel’s payroll as a senior adviser. Moreover, Yellen did not expect to be coming back into public office after leaving the Fed — she was a bit of a last-minute surprise as a treasury nominee. And speaking at a bank a handful of times is not the same as working at the bank.

What matters is not entirely that Yellen gave the speeches but also transparency about what she said in them, said Jeff Hauser, the founder and director of the Revolving Door Project. “It is, by DC standards, not a huge deal if she makes the speeches public. The more we’ve been thinking about it, we need to see those speeches,” he said.

The Biden transition said that while no comprehensive video or transcripts are available, Yellen’s views on a variety of topics — including monetary policy, the climate crisis, and economic inequality — have been well documented.

“Leaders in academia, business and economics were eager to hear Yellen’s views especially during a turbulent time for the economy,” said Biden spokesperson Sean Savett in an email. “Yellen did not deliver prepared remarks at her speaking engagements — most were armchair conversations where she answered questions from a moderator, some of whom were reporters. A number of those events were public and many were covered by the press at the time.”


...

Look at these from a perspective of results,” said Carter Dougherty, communications director of Americans for Financial Reform, pointing to Yellen’s work at the Fed, where she generally favored better banking regulation and took the central bank’s full employment mandate seriously. “Do I wish Wall Street money was not everywhere? Yes. But she’s got a track record that’s praiseworthy and shows signs of being a great Treasury Secretary.”

Along with her disclosure, Yellen sent a letter outlining the steps she will take on ethics compliance, including getting permission from the Treasury Department’s ethics lawyer to weigh in on issues involving firms from which she’s received money for a year. Blinken and Haines took similar steps.


Proclivities

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Location: Paris of the Piedmont
Gender: Male


Posted: Feb 1, 2021 - 12:13pm


oldviolin

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Location: esse quam videri
Gender: Male


Posted: Feb 1, 2021 - 9:50am

BANG ZOOM!
westslope

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Location: BC sage brush steppe


Posted: Feb 1, 2021 - 9:44am



 rhahl wrote:
Janet Yellen, the Secretary of Treasury and former head of the Fed, who infamously received $7 million in speaking fees during her time “away” from government, received $800,000 from Citadel (one of the hedge funds involved) for a single speaking engagement. That’s double what Hillary got from Goldman Sachs in 2016.

https://consortiumnews.com/2021/01/30/3-card-monte-wall-street-style/

 


 

That is not inflation.  That is value.   

Would guess that Yellen has a lot more to say of real value to some people than Clinton....    If you are 'into' learning from famous talking heads, that is.

As for the rest of you poor slobs, there are libraries full of economic textbooks.  The web is full of economics if you know where to look.
oldviolin

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Location: esse quam videri
Gender: Male


Posted: Feb 1, 2021 - 9:11am


rhahl

rhahl Avatar



Posted: Jan 31, 2021 - 6:46am

Janet Yellen, the Secretary of Treasury and former head of the Fed, who infamously received $7 million in speaking fees during her time “away” from government, received $800,000 from Citadel (one of the hedge funds involved) for a single speaking engagement.

That’s double what Hillary got from Goldman Sachs in 2016.

https://consortiumnews.com/2021/01/30/3-card-monte-wall-street-style/

 

[And they say there is no inflation.}

Proclivities

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Location: Paris of the Piedmont
Gender: Male


Posted: Jan 25, 2021 - 12:58pm


oldviolin

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Location: esse quam videri
Gender: Male


Posted: Jan 25, 2021 - 12:09pm


rhahl

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Posted: Jan 23, 2021 - 4:04am

Isabeau

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Location: sou' tex
Gender: Female


Posted: Jan 15, 2021 - 2:00pm



 Proclivities wrote:

 
Don Wildman narrates how a humble cup o' Noodles saved an entire town...

Proclivities

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Location: Paris of the Piedmont
Gender: Male


Posted: Jan 15, 2021 - 1:52pm


rhahl

rhahl Avatar



Posted: Jan 15, 2021 - 3:34am

 sunybuny wrote:
That the guy who was supposed to sit second desk back, 5 rows from the right forgot to set his alarm. Damn SAT's.

Come to think of it that was me! I didn't oversleep. It was a nice Saturday morning in 1975: My mother and I went out for breakfast. At about 10 am I realized that I was supposed to be sitting for the SAT, but it didn't matter much because I wasn't planning to go to college; eventually changed my mind. In those days you could screw-up and still recover. I never did take that test. Mom was clueless as always, because she just assumes that I know what I'm doing. I repeated that mistake with my own children, and they survived, but I don't entirely recommend the approach.
sunybuny

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Location: The West & Best Coast of FLA
Gender: Female


Posted: Jan 14, 2021 - 2:38pm

That the guy who was supposed to sit second desk back, 5 rows from the right forgot to set his alarm. Damn SAT's.

 rhahl wrote:
It was joke, sorry. Here is a serious one. What is the meaning of this?

 
http://carolblack.org/science-fiction
 


miamizsun

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Location: (3261.3 Miles SE of RP)
Gender: Male


Posted: Jan 14, 2021 - 7:58am

 rhahl wrote:
https://spectrum.ieee.org/transportation/self-driving/this-year-autonomous-trucks-will-take-to-the-road-with-no-one-on-board
 
spectrum is one of my faves

automation like this has some challenges

i'd probably suggest sticking a pilot in these rigs too (for now)

maybe like an airline puts a pilot in even tho a lot of flying/navigation is automated

would people/politicians be more likely to accept it?  i'd say yes
rhahl

rhahl Avatar



Posted: Jan 14, 2021 - 5:18am

https://spectrum.ieee.org/transportation/self-driving/this-year-autonomous-trucks-will-take-to-the-road-with-no-one-on-board
rhahl

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Posted: Jan 13, 2021 - 1:11pm

KurtfromLaQuinta

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Location: Really deep in the heart of South California
Gender: Male


Posted: Jan 11, 2021 - 8:15pm



 oldviolin wrote:



Kings of the rode...

 

Old stooges they have found.
oldviolin

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Location: esse quam videri
Gender: Male


Posted: Jan 11, 2021 - 3:05pm



 rhahl wrote:
 Proclivities wrote:
 Rooms 50 cents. Looks like a still from Plant of the Horny Apes.

 
Kings of the rode...

miamizsun

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Location: (3261.3 Miles SE of RP)
Gender: Male


Posted: Jan 11, 2021 - 2:29pm

 black321 wrote:
poor diet, 
increasing obesity
 

opioid epidemic too
rhahl

rhahl Avatar



Posted: Jan 11, 2021 - 2:26pm

 Proclivities wrote:
 Rooms 50 cents. Looks like a still from Planet of the Horny Apes.

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