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Despite an $810,000 conflict of interest, newly confirmed Treasury Secretary Janet Yellen will not recuse herself from advising President Joe Biden on the ongoing hedge fund mania with Robinhood and GameStop. When asked during a Thursday White House press conference whether Yellen would recuse herself from advising the president on the ongoing $GME stock shorting after having been previously paid upwards of $1 million in speaking fees from Robinhood’s largest customer, Press Secretary Jen Psaki didn’t seem to have a problem with relying on the new Democratic Treasury secretary’s counsel. “Separate from the GameStop issue, the secretary of the Treasury is one of the world-renowned experts on markets, on the economy. It shouldn’t be a surprise to anyone she was paid to give her perspective and advice before she came into office,” Psaki told reporters, ignoring the obvious conflict of interest.

United statesJanet yellenJesse kelly jessekellyJen psakiJoe bidenWhite houseTreasury secretary janet yellenPresident joe bidenThursday white housePress secretary jen psakiDemocratic treasuryOnly republicansJesse kellyMelvin capitalWall streetFinancial times