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Isn't the fact that these speaking fees come largely after someone is out of politics a huge knock against this type of conspiracy theory? Don't get me wrong,
by slg 6y ago
Isn't the fact that these speaking fees come largely after someone is out of politics a huge knock against this type of conspiracy theory? Don't get me wrong, these type of payments are ridiculous. But is there any non-circumstantial evidence that this is a direct quid pro quo?
- guerrilla 6y agoYellen is not out of politics and also no, why would that be a problem? We often pay bills after recieving service. Quite normal.
- slg 6y ago>Yellen is not out of politics and also no, why would that be a problem? She was when she made those speaking fees. Do you know she planned to reenter politics? Did Reagan or Bill Clinton have plans to reenter politics after their presidencies? >We often pay bills after recieving service. Quite normal. Except we agree to those bills beforehand. This would require that these payments be guaranteed years before they are made. Often times the leadership of these companies changes so that expands the list of people who need to be involved in this conspiracy. When the number of people involved in a conspiracy go up, the likelihood of that conspiracy being revealed goes up. Once again I will ask is there any evidence for this conspiracy beyond these circumstantial connections?
- guerrilla 6y ago> Except we agree to those bills beforehand. I'm sure those who paid them did too. > When the number of people involved in a conspiracy go up, the likelihood of that conspiracy being revealed goes up. And when they're all involved, nobody is left to care, investigate or prosecute. > Once again I will ask is there any evidence for this conspiracy beyond these circumstantial connections? The evidence is everywhere. They do favors for specific people and groups and get paid by those people and groups. It's really not complicated.
- slg 6y ago> And when they're all involved, nobody is left to care, investigate or prosecute So everyone in government is in on this conspiracy? >The evidence is everywhere. They do favors for specific people and groups and get paid by those people and groups. It's really not complicated. That is circumstantial evidence. Is there any evidence that doesn’t equate to tying yarn on a cork board?
- totalZero 6y agoYou're asking for something extraordinary. The only direct evidence you could possibly have would be video or testimony of Ken Griffin or Janet Yellen admitting that the high fees are related to a quid-pro-quo that goes beyond speaking. But circumstantial evidence is still evidence, and a preponderance of it should play a role in your judgment. Some people work at Citadel for years after graduating from top colleges without making $700k in total income, yet Citadel shelled out that amount over the course of two years for a bunch of speeches from an altogether boring economist. Janet Yellen is a laughably bad speaker. See for yourself: https://www.youtube.com/watch?v=1YAEHJvNscs https://www.youtube.com/watch?v=1YAEHJvNscs Now she's the Treasury Secretary and she has power and authority to manage a situation that directly affects Citadel. They make money off Robinhood. They back Melvin. And they benefit from a regulatory environment that is all too forgiving to market-makers.
- slg 6y agoWe aren't just talking about Yellen here. Three other people have been directly named. You can expand that list to a much wider category of politicians. What evidence is there that the post-politics speaking circuit is an avenue for bribery that doesn't amount to the equivalent "well it is obvious"? There would be thousands of people involved in this over the years. Has any former participant spoken out about it? Has anyone been caught in the act? People like Yellen are not paid for their oratory skill (and oratory skill is not something that is particularly valuable in her current or previous roles). They are paid because they are smart, accomplished, respected, and well known. When an organization has them come speak, people want to come listen and it lends the hosting organization prestige.
- tomp 6y agoThe fees are just as much a reward for past favours as a signal to future favour-givers.