When White House press secretary Jen Psaki was asked to respond to a question about volatility in the stock market, specifically the trading around GameStop, she said, “We have the first female treasury secretary.”
What on earth has that got to do with identity politics?
Sorry to say but Jen Psaki looks completely out of her league, constantly deflecting to “let me circle back” to the majority of questions she can’t answer. This time she deflected the questions to the SEC after her reference to Treasury Secretary Janet Yellen’s gender.
America must be breathing a sigh of relief that Janet Yellen has the right chromosomes for the job. What a complete and utter irrelevance. Apparently Yellen and her team are “closely monitoring” the situation. Will the former Fed chair have to recuse herself given one of the hedge funds in question has paid her $800,000 in speaking fees?
Never mind that a chat room of 3,000,000 peons from Main Street clubbed arrogant hedge funds on Wall Street like baby seals. This is huge. Not just what happened to the share prices but the way in which the higher powers coordinated a suspension of the platforms which stopped Joe & Joanne Public’s ability to trade stocks legally.
When Donald Trump Jr and radical left Congresswoman Alexandria Ocasio-Cortez are on the same page with respect to the online brokers like Robinhood -which suspended the little guy’s ability to trade the stocks that started the nose bleed – you know this genie won’t get back in the bottle.
Rules for thee but not for me!
A great summary of the situation here.