Trump removes Fed Governor Lisa Cook
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Anonymous
It is and this time it put America in danger. |
Anonymous
So you think those three randomly got chosen for scrutiny? You Trump dolts never cease to amaze. |
Anonymous
Market knows what Trump doesn’t. Trump can’t legally fire Lisa Cook. It’s waiting to see how this plays out and how far this will go. |
Anonymous
Based on what? |
Anonymous
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Excerpt from “In the Matter of Lisa Cook”
Trump’s attempt to fire a Fed governor is illegal. Now we find out whether that matters. PAUL KRUGMAN AUG 26, 2025 This is not a case a nonpolitical Justice Department would even consider bringing to trial, or have much hope of winning. And again, it has no relevance at all to Cook’s work at the Fed, providing zero justification for dismissal “for cause.” But of course Trump’s attempt to fire Cook has nothing to do with allegations of fraud. Her real crime, in his mind, is that she isn’t an obedient minion (oh, and that she’s a black woman.) The goal of his attempt to fire her is to replace independent Fed officials with lackeys who will take Trump’s orders — not just by getting rid of Cook but by intimidating everyone else. As I wrote yesterday, the real message here is “If you get in our way we will ruin your life.” The immediate test here is how the Fed itself responds. Cook is doing the right thing by refusing to resign. Jerome Powell now faces a moment of truth: Will he back her up, until or unless Trump demonstrates that he has the legal authority to fire her? What if Trump uses some kind of force — deployment of U.S. Marshals? — to block Cook from continuing to work? Good. That will demonstrate to everyone the grotesqueness of this power grab. And one way or another, this will end up in the courts, where we will find out whether our judicial system has any integrity left. What will all of this mean for financial markets? The markets keep shrugging off the Trump administration’s lawlessness, and maybe they’ll do it again. But really, it doesn’t matter. This isn’t, ultimately, about monetary policy. It’s about whether we are still a nation of laws. |
Anonymous
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WSJ editorial board expresses concerns about Trump‘s efforts to take over the Fed.
What if Trump Runs the Federal Reserve? His firing of Lisa Cook shows he wants to put monetary policy under his personal control. He may succeed, but the country will live to regret it. https://apple.news/AdsmOiZJuQWeasJ2GAVK5TQ |
Anonymous
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It’s going to come down to SCOTUS unfortunately.
Fed firing: The Federal Reserve defended its independence a day after President Trump moved to fire a member of its Board of Governors, Lisa Cook. The central bank emphasized governors’ “long tenures and removal protections” but said it would abide by any court decision. Ms. Cook is preparing to challenge her removal, which her lawyer called “illegal.” |
Anonymous
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No public servant is safe from Trump if they disagree with him https://www.politico.com/news/2025/08/26/trump-firing-lisa-cook-courts-00527724
Trump’s true target Trump allies say the attempted firing of Cook is a test case for Trump’s true design: firing Powell. If he can win the legal fight against Cook, they say, it may embolden him to go after Powell next. “It’s a shot over the bow that says [to Powell], ‘We’ve got cause on you too,” said Sean Spicer, Trump’s former White House press secretary who was the subject of an earlier legal fight over his removal from a presidential commission by Biden. “This is the proof of concept. It’s showing, ‘Hey look, we can do it, here’s the standard.’’ |
Anonymous
That’s very scary |
Anonymous
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Lisa Cook is not denying that she lied on the mortgage application. Curious omission.
It seems like many people don't consider this a crime. |
Anonymous
I know, right? Trump’s attorney, Michael Cohen kept excellent records showing Trump’s fraudulent claims when applying for loans. He inflated his net worth to get a better rate. He was found liable in civil court but NYC AG went too far with a 500 million dollar fine. |
Anonymous
It was confirmed in a court case that Trump lied on mortgage applications and nobody thought it was a big deal. Who knows. |
Anonymous
And media outlets will be banished from the West Wing if they ask Trump about his financial crimes. So I don't expect this to be a story. Media is very docile in America today. |
Anonymous
We. Have. A. Convicted. Felon. For. President! Nothing f***king matters. You do not have the moral high ground MAGA! |
Anonymous
| Any predictions on the legal argument that Trump’s SCOTUS bootlickers will use to justify his Fed takeover? |