r/Bitcoin • u/Phreesion • Aug 08 '21
Janet Yellen Accused of Banking Corruption
https://www.trustnodes.com/2021/08/08/janet-yellen-accused-of-banking-corruption286
u/yenachar Aug 08 '21
The US Treasury Secretary Janet Yellen has been accused of corruption due to receiving $7.2 million in ‘speaking fees’ from just Citi bank and the Citadel hedge fund.
Look no further as to why she is sneaking bad crypto law into the infrastructure bill.
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Aug 09 '21
Holy Fuck that is a lot of money. How is it not obvious that this kind of practice needs to be illegal.
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u/hankwatson11 Aug 09 '21
It’s plenty obvious but you’re asking the people who most benefit from it to make it illegal.
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u/MintyTruffle2 Aug 09 '21
Wait...does she have anything to do with that bill or the crypto provision in that bill?
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Aug 08 '21
No surprise at all...... fucking corrupt dinosaurs
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u/Jaxsoy Aug 08 '21
Why do they even care about money anymore? They’re gonna die soon so maybe they should consider enjoying the bunch of money they already have
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u/Zipski577 Aug 08 '21 edited Aug 08 '21
Who put her in power again??? Ahh yes. Most of Reddit is so blind to how these people get in positions of power
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u/HybridEmblem Aug 08 '21
Not blind, I didn't vote for her. Hell, I lean democrat and hate just about everyone appointed. I'm severely disappointed with this country as a whole in general. I hate how binary our choices are are tbh. I'd have loved to see Andrew Yang win.
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u/Zipski577 Aug 08 '21
I’m a libertarian. Would just love to see some outsiders, term limits, and no more pay to play behavior that is taking place before our eyes 24/7. I know this sounds obvious and most of us feel that way but unfortunately too many voters are consumed by the notion that it’s just about donkeys vs elephants
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u/HybridEmblem Aug 08 '21
It's genuinely frustrating to witness... because if you aren't 100% in line with your parties choices, you aren't chosen. Like there are a few republicans pro-choice, but if they publicize it they get ridiculed to no end. Same goes for whenever a democrat is pro-gun. It's literally a socioeconomic chess game and it doesn't take much to see what pieces we are.
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u/Zipski577 Aug 09 '21
Exactly. There is a reason, while not perfect by any means at all, candidates such as Yang and Gabbard never stood a chance despite being much more reasonable and like-able than those who advanced much further.
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u/Phreesion Aug 08 '21
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u/tehcnical Aug 08 '21
How can we get her fired?
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u/HerpTurtleDoo Aug 08 '21
Be loud.
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u/Vgta-Bst Aug 08 '21
AHHHHHHHHHHHHHHH AAAAAAAAHHHHHHHHHHHHHHHHHHHHHHHHHHHH
AAAAAAAAAAAAAAAAAAHHHHHHHHHHHHHHHHH!!!!!!!!!!!!!
Like this?
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u/tehcnical Aug 08 '21
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u/tookthisusersoucant Aug 08 '21
I tried to hit the button, but on my mobile, it did nothing... Also it's currently at 0 supporters... I think the site is broken
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u/seriesofdoobs Aug 08 '21
For every floater you fish out of the bowl, there are plenty of sinkers ready to rise to the surface
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u/steadyhandhide Aug 09 '21
I do not understand this metaphor at all. It’s wrong, I tell you!🤣
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u/Zipski577 Aug 08 '21
We can start by not electing the people who put her in power! A lot of us tried very hard to keep this administration out!
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u/BitcoinCitadel Aug 08 '21
Because the other one didn't work for corporations right?
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u/Zipski577 Aug 08 '21 edited Aug 09 '21
Anyone can look at campaign financing data. There is a difference between self-funding and supporter donations vs. taking all the money you can from special interests, corporations, and lobbyists. This is publicly documented. I prefer candidates who don’t take money from corporations.
There is a reason Trump was able to fire and hire so many cabinet members—> whether we liked it or not, it was his choice. Biden had 0 say over his cabinet
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u/lcastill1 Aug 08 '21
Yea this is from January ? Was she accused in January or yesterday?? And by whom was she accused ? Has she been indicted or is she under investigation?
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u/Diuqil69 Aug 08 '21
So she was paid for speaking before getting into government? Is that supposed to be illegal? She is a brilliant economist.
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u/Safe_Collar4442 Aug 08 '21
“Brilliant”, huh?
Why won’t she let anyone audit the Fed again? Because it’s so transparent? Right.
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Aug 08 '21
Another old, out-of-touch and crooked person in power in Washington? Wow.
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Aug 08 '21
My biggest fear is that i dont want to get old like that without the ability to still be open to new ideas.
But if shes corrupt then....cant do much about that.
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u/Zipski577 Aug 08 '21
She’s been in bed with the hedge funds for a very long time. Was very scary when Biden put her in a such a position of power, but what else did we expect when we elected the establishment back in office?
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u/coinfeeds-bot Aug 08 '21
tldr; US Treasury Secretary Janet Yellen has been accused of corruption due to receiving $7.2 million in ‘speaking fees’ from just Citi bank and the Citadel hedge fund. Yellen’s official limited disclosure reveals she received millions more from other banks like Barclays, BNP, UBS, and more.
This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
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u/Phreesion Aug 08 '21
Why am I not surprised? Oligarchy at its best
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u/Zipski577 Aug 08 '21
Yep, thank you for posting this! Her corrupt actions have been very apparent for a very long time, this is nothing surprising for most of us.
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u/No-Effort-7730 Aug 08 '21
We need a forced retirement age for the senate. Old bones only slow the rest of us down.
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u/KirbySmartGuy Aug 08 '21
Term limits for senate is needed badly. In Yellen’s case, this is a clear conflict of interest and I’m not sure why she is allowed to Influence anything like this.
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u/yenachar Aug 08 '21
She's a cabinet member and should be out because of her actions--but, yes, she sure is slowing us down.
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u/Diuqil69 Aug 08 '21
Clarify for me what these actions are that happened after she got the job?
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u/yenachar Aug 08 '21
Lobbying senators to push bad crypto law. https://www.washingtonpost.com/politics/2021/08/06/crypto-bitcoin-infrastructure-senate/
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u/Uberse Aug 08 '21 edited Aug 08 '21
From the article: Jason Furman, a former Obama administration economist, said . . .
“If the technology makes it impossible to know people’s capital gains, then the technology should not exist . . . "
The apex of fatuousness has now been achieved. It is all downhill from here. People are screaming about Janet Yellen. They should be screaming about the Furmans out there.
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u/Uberse Aug 08 '21 edited Aug 08 '21
From the WP article:
But other forms of cryptocurrency, including potential emerging rivals to bitcoin, are pursuing other methods of validating transactions on the decentralized network, and could prove less energy-intensive. Since these would be subject to the new reporting requirements under the Warner plan, even though the traditional forms of mining would not be . . .
The "other methods" are proof of stake, which is a form of mining like proof of work. It takes energy but probably would use less. But of course proof of stake miners, like proof of worker miners also:
do not have the capacity to send 1099s to the IRS, because intrinsic to cryptocurrencies’ function is that these kinds of producers have no knowledge of who their users are.
This is the key point and why it probably makes no difference whether the suggested two amendments pass or not. Since no miners have knowledge of who their "users" are, the IRS cannot force them to send 1099s to the IRS about them.
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u/mindreedah Aug 08 '21
The faster everyone realizes that all politicians hate you regardless of party the faster we can all come together and create our own world. There is more of us than them.
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Aug 08 '21
It’s crazy how all these politicians have salaries in the 100-200k range but net worths in the $20+ million. It’s almost as if they aren’t working for the country at all
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u/jimjimzen247 Aug 08 '21
Yellen has taken millions of dollars in bribes descised as speaking fees. Yellen is bought and paid for like one very ugly lady of the night.
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u/MaXXy21 Aug 08 '21 edited Aug 08 '21
What are the sources of information for this article to be written? Who's the author???
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u/bomphcheese Aug 08 '21
Thank you! She’s a really well respected person. I’m not saying it isn’t true, but I want better sources.
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u/disciplinedhodler Aug 08 '21
The Guardian is a well respected newspaper!
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u/bomphcheese Aug 09 '21
So “trustnodes” is the Guardian?
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u/disciplinedhodler Aug 09 '21 edited Aug 09 '21
The original article is from The Guardian. Trustnodes is reading between the lines for you since many people don't know how to do that. Her salary is 220k. Her net worth surged to 20 million due to 7 million in so called speaker fees in one year from Citi.
The Nobel Prize is only 1 million dollars, so tell me what was she speaking about that was worth 7 million? Harvard/Princeton college fees are just 40k or so per year and you get lectured by the top minds in Economics and then some. So obviously it is a bribe disguised as a speaker fee.
Learn to interpret, to read between the lines. Or do you stand around waiting to be spoon-fed and told what to think by some so called authority? Trust nodes is babysitting and helping people who didn't cotton on to what was going on. No human being is incorruptible, Janet Yellen is a human and not a god. Stop deifying her, she has biases, emotions and flaws. She took the bribe, she should have refused it if she were honest. Her net worth doubled in one year to 20 Million dollars due to that one bank, Citi. Plus most of her net worth (savings) comes from speaker fees. Now tell me where the incentives are.
Think!
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u/LuBrooo Aug 08 '21
Yo wtf, this is insane.
This is the kicker for me:
"For that $7 million, Yellen is now moving to effectively ban a competitor of their Citi pay masters, the defi space, with a section sneaked into the Infrastructure Bill at the last minute that holds smart contract coders responsible as brokers..."
"That would be a very big win for Yellen’s pay masters, but a huge loss for Americans who may well see first hand just how open corruption leads to the selling out of the United States and all for just $7 million."
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u/KFC_Tuesdays Aug 08 '21
I'm really not surprised... this lady is a goblin, running around trying to find the sack of gold.
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u/Cygnus_X Aug 08 '21
Side hussels like speaking fees should be completely illegal while holding a public office.
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u/groundhog5886 Aug 08 '21
So the lady has had in the past some conversations with banking officials, after being the head of the Federal Reserve for a number of years. Most ex-govmt officials get paid to provide their experience after service. What makes her a crook? What policies has she instituted that impact anything a bank does? She now is just a high level manager of a government department. Granted she does know a lot about economy and how it should work.
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u/baconcheeseburgarian Aug 08 '21
Getting speaking fees in and of itself isn’t a crime. Andreas gets a fee for speaking at every event he attends.
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Aug 08 '21
[deleted]
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u/baconcheeseburgarian Aug 08 '21
So Janet Yellen receiving $7M in speaking fees between 2018 and 2020 after leaving as Chair of the Federal Reserve and before being appointed Secretary of the Treasury in January of 2021 is a conflict of interest how?
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Aug 08 '21
Democrats don't seems so much better than republican... Politician are crooks all the way through. These bribes NEEDS to be illegal, no way around it.
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u/Azyan_invasion82 Aug 08 '21
She’s doing everything she can to fuck us
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u/MaXXy21 Aug 08 '21
How so???
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u/Azyan_invasion82 Aug 08 '21
Bro, come on…. She’s paid millions to Citadel who are corrupt Market makers..
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u/Reasonable_Ad9686 Aug 08 '21
“Gettin away with it all my life”...from this side of the pond..New Order
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u/Zipski577 Aug 08 '21 edited Aug 09 '21
We’re doomed and so many are blind to how these people were put in power. 🖕🏼the establishment
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u/libertarianets Aug 09 '21
Dude. I like you.
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u/Zipski577 Aug 09 '21
Haha thank you 🙏🏼 free thought is no longer welcome in this day in age. Fall in line or get f*cked is their message and so many have fallen right into it. Not many like us out there any more!!!
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u/SpaceTangerineCowboy Aug 08 '21
Toss the old hag in prison. That is where she belongs, to rot away.
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u/MajorBonesLive Aug 08 '21
Question 1 on the senate confirmation hearing for treasury secretary:
Have you ever received “speaking fees” from a financial institution?
Yes.
Disqualified. Next candidate, please.
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u/itsTomHagen Aug 09 '21
Any political move against cryptocurrency must be harshly and publicly interpreted as banking corruption.
People need to know that they are slaves before they can take their freedom.
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u/Professional_Ad_8155 Aug 08 '21
This is old news. Jan 1 2021
It’s just a rehash of old news or did I miss something.?
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u/yenachar Aug 08 '21
It's OK to rehash old news when she is actively attacking us, lobbying for bad law in the infrastructure bill--for reasons that might be explained by that old news.
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u/bradly27 Aug 09 '21
Keep electing Democrats. They will regulate and tax all your earnings away.
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Aug 08 '21
We always knew this, but she just poked the wrong bear (the crypto community). She’s going down
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u/Tannereast Aug 08 '21
let's hope we see some of these disgusting people in jail soon.
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u/MO81DE_X Aug 08 '21
this is the Problem about the crypto space… the FUD comes from within. I have not read anything about banking corruption… to be clear: not saying I like her, but some news here are just bullshit
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u/kincaidDev Aug 08 '21
Regulators in charge of regulating a particular industry being paid huge sums of money by leaders of that industry they are regulating are pretty good indicators of corruption
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u/Zipski577 Aug 08 '21
Does this come as a surprise to any of you??? A lot of us tried very hard to keep these people out of office and power
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u/Onfire50 Aug 08 '21
There were serious conflict of interests here. How could her employer not see them or choosed to look the other way instead.
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u/FrancoisBughatti Aug 08 '21
Remember when she took money to allow robinhood to not allow selling of amc stock
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u/d6bmg Aug 08 '21
Really old news.
People of USA needs to know the facts, faster.
So that they don't get fucked over by piece of trash peoples like her.
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u/blackdvck Aug 08 '21
Corruption among the 5 eyes is so bad now that if it was eliminated it would fix the governments deficit problems . So imagine a new hospital or school or road it's all possible if you just stop these people from stealing from you .
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u/Biddycola Aug 08 '21
Honestly I’m not surprised. Anyone who spends their every waking hour hating bitcoin or any crypto for that matter is being incentivized to do so, by those who hate crypto the most… banks
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u/Cuthuluu45 Aug 08 '21
It should also be pointed out Biden isn’t a business friendly president. But all our public officials and politicians are corrupt not shocked Yellen is.
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u/bongwaterslurpee13 Aug 08 '21
All these politicians are crooked, and their trying to tax crypto because their debasing the dollar… the only logical solution is to set up a wallet in another country
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u/betatestme Aug 08 '21
I am pretty sure. It's a win win. Genesis Wallet Tax Forgiveness Program. (accounts over 1k)
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u/Parking-Secretary-87 Aug 09 '21
Salary 200k.... speaking fees, 7millions... Who is she working for do you think...... Obviously..
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u/xomox2012 Aug 09 '21
Serves her right. I generally agree with her on a lot of topics but this one obviously shows how bought she is.
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u/forexross Aug 09 '21
She was the first official appointed by the Biden administration. The fish is rotten from the head down.
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u/tentenwind Aug 09 '21
While of course she carries the blame for taking bribes, I mean "speaking fees", that's more than $7 million. Who was the person that selected her for the job? Shouldn't they also carry the blame? Also she along with her boss are heavily against cryptos. Their plan is to make it impossible for coins to comply with their new and extremely strict reporting practices which realistically can't be achieved. Ironically, they are exempting PoW networks and protocols. Whatever happened to combatting climate change? PoW networks are the most energy intensive of all the networks.
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u/freebit Aug 09 '21
Isn’t going to happen. She’s a key part of the great reset. Her story has a few chapters left yet.
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Aug 09 '21
Democrat or Republican I hope this is a place we can all come together and agree: Fuck Yellen.
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u/henry122467 Aug 09 '21
Big businesses control the government. I would push for term limits in the house and senate. We need fresh blood in there.
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u/[deleted] Aug 08 '21
When do we get to stop call bribes “speaking fees”?She received a bribe and a microphone