By Pam Martens and Russ Martens: June 2, 2022 ~
Redditors at the subreddit Superstonk are posting obscenities directed at Gary Gensler, Chair of the Securities and Exchange Commission (SEC), over the new ad campaign from the SEC that appears to target young Reddit investors as fools that do no research before investing, lose all their money, and deserve a whipped-cream pie in the face. (Yes, a young investor actually gets a whipped-cream pie in the face during two of the ads. See videos below.) CNBC ran one of the new SEC ads yesterday.
Redditors Are Furious at the SEC’s New Ad Campaign Portraying them as Idiot Investors
Tag: Sandy Weill
[11-2020] These Are the Banks that Own the New York Fed and Its Money Button
Citigroup, Closely Tied to the Clintons, Had a Senior V.P. Outed as a QAnon Promoter, a Conspiracy Group that Reviles the Clintons
There is heavy irony in Citigroup now being outed as the employer of Gelinas, whose LinkedIn resume (also now removed) indicated he had worked for the bank for the past 17 years. Citigroup has a heavy history with the Clintons. President Bill Clinton’s Treasury Secretary was Robert Rubin. After Rubin helped to engineer the 1999 repeal of the 1933 banking legislation known as the Glass-Steagall Act, allowing federally-insured banks to merge with Wall Street trading casinos, Rubin became a member of the Citigroup Board of Directors and reaped $120 million in compensation over the next decade. Citigroup desperately needed the repeal of this legislation because it had already illegally merged Citicorp with Salomon Brothers the prior year.
Sandy Weill, the Co-CEO at Citigroup in 1999, who lobbied for the repeal of Glass-Steagall, was given a commemorative pen from the Clinton signing ceremony that repealed the legislation. Just nine years after the repeal, Wall Street banks like Citigroup blew up Wall Street, taking down the U.S. economy in the process.
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