The Trump administration has made an emergency request to the US Supreme Court to decide whether he has the authority to fire Federal Reserve Gov. Lisa Cook.
The request follows an appeals court decision on Monday that rejected Trump’s efforts to fire Cook ahead of the central bank’s Federal Open Market Committee meeting. Trump has claimed he has the right to fire Cook for cause based on mortgage fraud accusations made against her by Bill Pulte, the director of the Federal Housing Finance Agency. Cook has not been criminally charged and has denied Pulte’s accusations.
“That the Federal Reserve Board plays a uniquely important role in the American economy only heightens the government’s and the public’s interest in ensuring that an ethically compromised member does not continue wielding its vast powers,” said Solicitor General John Sauer in a court filing.
YOUR EMPLOYER USUALLY WINS IN 90 % OF MOST CASES, ITS USUALLY BETTER TO TAKE THE MONEY AND RUN.
President Trump. I appreciate you investigating a possible fraud. However. Everyone has the right to due process and not trail by media and/or loss of due process.
Fed Gov Cook intentionally created fraud by lying on her mortgage application. She cannot remain on the Federal Reserve Board. She has shown that she lacks integrity.
Her position requires the upmost moral standing.
Why because the act is fraudulent = lying and getting compensated with more favorable cost of the loan and lower mortgage interest and a better LTV which would allow her to get a larger loan.
She is fully aware that by claiming a SFR residence as her primary residence she receives a better LTV, lower mortgage interest rate, and lower pricing costs for the mortgage interest rate being used for her new mortgage. (Moreover, if her mortgage lender encouraged her to fudge, the mortgage lender is also guilty and could be fined and/or jail time).
Look, the American families are trying desperately to buy a home. It is not OKAY Fed Gov Cook for cheat on her mortgage loan.
She needs to own up, apologize to the American people, repay the loan and unfortunately accept the consequences. She cannot be allowed to represent any public office going forward.
As an example: If she had committed a theft or fraud elsewhere, prior to her current position, do you think she would have been selected for her current position? No. You would not hire someone with a record of theft or fraud.
IN SUMMARY: This should not even go to court. The mortgage loans documents are of record as is her application, and other verification. There is nothing to prove – it has already been seen. Frankly the judge should have thrown case it out.
kasey: Your writing style is as weak as your arguments. Try harder.
Accusations are not a valid reason to fire someone; now, if she is charged and convicted, then he has cause to dismiss. Although he still got hired even though he lied on his mortgage application.
Whatever happened to Innocent Until Proven Guilty?
I agree with Normal–Kasey, you may need to dig a little deeper into the story before doing exactly what Pulte & Trump have done, jump to guilty without even looking at the evidence. Her mortgage company came out and said she purchased the condo as a 2nd home. Where’s your suggestion of charging Pulte’s parents for claiming 2 primary residences? I believe I saw something that Bessent had claimed more than one primary within a short amount of time as well. So, as Secretary of the Treasury, shouldn’t he go? Come on, Trump & Pulte are reaching because Trump wants control over the Federal Reserve.