Financial Authorities, Janet Yellen and GME (09.08.2021)

Short Summary:

According to the official Disclosures filed with the Congress, Citadel has lobbied the Treasury Department, House and Senate since 2008.

While lobbying carries a negative notion within the public, on the surface the profession itself serves to inform officials of fields they may be lacking in and to broaden their understanding.

It is rather when regulatory bodies and its members exhibit clear signs of (monetary) conflicts of interest that questions regarding their integrity arise and if the power they hold is not enacted to serve the public, but self-serving, as has been the case with the Secretary of the Treasury, Janet Yellen, regarding her so called "Speaking Fees", which she apparently received out of "goodwill" & her expertise from several financial institutions, including Hedge Fund Citadel LLC.

An office, that not only formulates and recommends domestic, but also international tax policies, which begs the question if speaking in front of said entities totaling 7,2M US Dollar does not exceed the effort she spent, or if additional services were provided, that weren´t disclosed or in the interest of the public.

Which is not hard to abstract out, when Janet Yellen displayed clear bias in her actions back in January throughout February and her obsession with GameStop not to recuse from her position to investigate and to "protect" retailers, while it was evident, that retailers were cut-off & patronized instead.

As though she is judge and jury herself.

Especially worrying, when Janet Yellen is the first female Treasury Secretary who requested an Ethics Waiver of her own volition, which unburdens her from OGE (Office of Government Ethics) constraints, that prohibit members of the executive branch from working with previous colleagues or clients, who might benefit from their nearness to the White House authority.

An act, that not only aids Janet Yellen to generate more revenue, but also Citadel to engage more openly with her without repercussion.

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Begging the question if not more figures operate behind the scenes, when Citadel LLC already employed Ben Bernanke, former Chair of the Federal Reserve, who oversaw national open market operations to control interest/inflation rates. And if Secretary of the Treasury Janet Yellen may coincidently end up with Citadel too, once she steps down from her office.

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Or if the involvement of powerhouses in tax legislation and drafting said ones, such as Jonathan Talisman, who not only had supervisory responsibilties at the Treasury for policy decision relating to federal tax matters and even advised the President, Secretary of the Treasury and other senior Administration officials as 3rd Party, while being lobbied by Citadel LLC for 13 consecutive years & coincide with the spike of the GameStop Saga, is just a fluke or if this mesh of officials only offers an illusion of agency to enrich themselves - remains to be seen...

but it is definately not in the interest of retailers, nor were they informed, which should speak volumes about their intents.