25 karma · joined October 30, 2015
I just also think they should recuse themselves from an investigation when those whom they've had significant dealings with are being investigated. $700k for 3 speaking gigs, we're not talking about a CEO she had lunch with one time, there is a significant business relationship there. That relationship might not affect Mrs. Yellen's judgment, but if she doesn't absolutely drop the hammer on Citadel it at least looks like bribery. The very fact that the question is raised is the problem.
Seriously though, why is that the case? If she's a public servant, she could donate her time to talks easily. When you're being paid that much money to speak, then are asked to sit in judgment on this company, are you really expecting her to bite the hand that feeds her? *At the absolute best it puts her in a terribly awkward position. At worst it's bribery.
Unless I'm missing something, it's Twitter and blogs against published studies. Sounds like he's been proven wrong all right...