Treasury Secretary Yellen criticized for connections to Chinese firm, Wall Street hedge fund

Former Federal Reserve Chair Janet Yellen became one of President Joe Biden’s first Congress-approved cabinet nominees when she was confirmed this week to the position of treasury secretary.

Despite the fanfare within the Democratic Party over her Senate confirmation, certain troubling financial details from her past have begun to re-emerge — including evidence that she accepted money from a company tied to China’s communist regime.

“Savvy and personal connections”

White House Press Secretary Jen Psaki sang Yellen’s praises during a recent press conference, particularly due to the fact that she is the first woman to head the U.S. Department of Treasury.

Nevertheless, critics are seizing on a disclosure form that showed she received speaking fees from a Chinese firm called Caixin.

A Washington Post article in May stated that Caixin’s founder, Hu Shuli, is connected to high-ranking communist figures. At the time, reports indicated that Hu founded the company in 2013, paving the way for her influence to grow within the Chinese power structure.

The Post noted that “Hu’s savvy and personal connections” were commonly cited as the factors that allowed her to foster close relationships with some of the communist nation’s most prominent political figures.

As the National Journal added, Caixin counted “tech giant Tencent Holding Ltd. and investment firm China Media Capital” as some of its major sources of financial backing.

“Paid to give her perspective”

For its part, the U.S. Department of State’s Bureau of International Security and Nonproliferation characterized Tencent as a “tool of the Chinese government.”

That report went on to allege that the foreign firm has “no meaningful ability to tell the Chinese Communist Party ‘no’ if officials decide to ask for their assistance.”

Yellen’s receipt of payments from one of its business partners comes in addition to backlash over her relationship with Citadel, a Wall Street hedge fund caught up in the recent brouhaha regarding efforts among minor investors to drive up the stock price of certain distressed companies.

Citadel is denying allegations that it pressured retail broker Robinhood to prevent clients from purchasing shares of GameStop stock. When pressed on the concerns about the incoming treasury secretary, however, Psaki offered an evasive response.

She referred reporters to a Securities Exchange Commission statement on the matter, adding that she does not “have anything more for you on it — other than to say, separate from the GameStop issue, the secretary of Treasury is one of the world-renowned experts on markets, on the economy” and that it should come as no “surprise to anyone she was paid to give her perspective and advice before she came into office.”

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29 Responses

    1. Absolutely nothing we will be given info on. They are all Obama Clinton reruns and we know what a stellar job they all did. Excuse me while I barf

    1. Yeah, with her ‘close connections’ with top Chinese officials. Exactly ‘how close’ were those ‘close’ connections?? Biden wouldn’t qualify. OK–now that the Dems have handed our total economy over to the Chinese–what do we do?

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  2. THIS CRAP GETS MORE DISGUSTING BY THE DAY . THESE PEOPLE ARE WITHOUT A DOUBT THE MOST EVIL ON THE PLANET. I CANT STAND TO EVEN LOOK AT THESE IMBECILES. PLEASE LETS GET RID OF THEM AS QUICK AS WE CAN

      1. I’m with you, Pat. More and more people are already ‘missing’ Pres Trump–even those who never thought they would. What the Dems don’t ‘miss’ is Pres Trump upsetting their ‘gravy train’! Now, it’s ‘back on track’ and running over the entire American population. The Dems wouldn’t know ‘intelligence’ if it ‘bit’ them! Take a good look at Pelosi, Schumer and Waters–plus the ‘Squad’ and let me know if you see a ‘glimmer’ of intelligence anywhere there!!

  3. Biden has put in all of obama’s Flunkies in his cabinet! Who is running the White House? It certainly is NOT Biden! He is the stooge, doing what Obama says. Welcome to Obama 2.0! Soon he will physically be in the White House, after Biden and the ho are disposed of. That was the plan all along! The perfect hostile takeover with no hostilities!

  4. Yellen, as I recall from something I read before, is going to be the real downfall of our country. She is one of the ones from the IMF, International Monetary Fund! Heaven help us!

    1. I am so sick and tired with our government. What has been going on with false medias & etc. Seems like now that the DUMB demos are in the white house the truth is coming out. The demos are not admitting anything but the media & FBI are finally admitting along with representatives from other states that PRES. DONALD TRUMP was right all along. All Trump people must write/call to the media & radio stations dominating them to bring TRUMP back into power. We must voice our opinions. Biden, Pelosi, Hillary and their cohorts should be put in jail they are all corrupt. BRING DONALD TRUMP BACK Does anyone want a communist cvountry /

  5. All of The DIRTY BIDEN ADMINISTRATION IS ALL ON CHINA’S PAYROLLS!
    I feel so safe what a sad joke and so sad that THE PEOPLE IN WASHINGTON D.C. DON’T GIVE A RAT’S BUTT ABOUT THIS COUNTRY!
    I GUESS WHEN YOU LIE CHEAT AND STEEL ALL YOU CAN YOUR NOTHING MORE THEN A SWAMP CREATURES!
    MAY GOD FORE GIVE YOU FOR WHAT YOU HAVE DONE TO THIS COUNTRY! 😢

  6. China needed suckers to invade the USA. They invaded through schools, farmland, real estate and most of all weak politicians that wanted money and power. Here we are Yellen, Obama, Kerry and so many more. A rigged election. We have a media that made money by lying. Trump is our man and hopefully we have more like him.

    1. Well, I had a ‘comment’ for you, Brenda, but this ‘site’ didn’t ‘like’ it!! So glad we’re not being told what we can say and what we ‘can’t’, aren’t you? Free speech! A thing of the past!!

    1. Vicki, ‘He’ needs to ‘come’ back!! As long as we ‘law-abiding’ citizens abide by our laws, there is no way we can retrieve him. The ‘liberals’ break every law we have and have used that against us. So, now we have an ‘illegal’ president/vice-president and total government. Only ‘we’ are being demanded to ‘obey the laws’!!

  7. There is no end to the swamp and I’m afraid there never will be in my lifetime.
    They are an absolute disgrace. They love every minute of this.

  8. This is clearly a violation of the annulment clause in our U.S. Constitution by Janet Yellen! But of course I-President Biden (Illegitimate) has also taken money, i.e. gifts…payoffs, as did his son Hunter from foreign countries; therefore violating the emolument clause of our Constitution!

    The emoluments clause, also called the foreign emoluments clause, is a provision of the U.S. Constitution (Article I, Section 9, Paragraph 8) that generally prohibits federal officeholders from receiving any gift, payment, or other thing of value from a foreign state or its rulers, officers, or representatives. The clause provides that:No Title of Nobility shall be granted by the United States: And no Person holding any Office of Profit or Trust under them, shall, without the Consent of the Congress, accept of any present, Emolument, Office, or Title, of any kind whatever, from any King, Prince, or foreign State.

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