President Joe Biden's newly appointed treasury secretary, Janet Yellen, is again coming under fire for her ties to Wall Street for taking $810,000 in speaking fees from Citadel, which has ties to hedge funds that have lost significant amounts of money in the GameStop surge. The renewed focus on the funding comes as Biden's administration faces scrutiny amid rumors that it was involved in the recent halt of trading to curb the losses of hedge funds.
In a piece for Breitbart, columnist John Nolte argued that Yellen's "speaking fees" were actually "bribes and payoffs." The writer noted that Yellen allegedly earned more than $7 million in just two years from over 50 virtual and in-person engagements.
"The numbers are outrageous. Why would anyone drop hundreds of thousands of dollars to have some former fed chair come in to tell tired war stories and do some punditry?" he asked.
"Sorry, but these speaking fees are nothing more than America's elites figuring out a way to legalize bribes and payoffs. That's it. That's all that's going on here."