Opinion First Thing: Trump says he is firing Fed governor Lisa Cook in escalating attack on bank’s independence

[PainIsLIfe]

Wait why is that unlikely? You think whatever disclosure she made to the Biden admin is necessarily an admission of fault? I just cited a source which listed her interest rate as higher than the national average.

Idk, would be something to look into before throwing around weeks accusations right?

Such as?

What makes you say that when you're not even aware of the relevant details in Cooke's case?

You don't say I have mortgage issues if you think everything was on the up and up. It clearly shows that she knew she did something wrong.

It's been reported that the rental property was listed as a second home on the loan app, so pretty sure that she wasn't paying rental premiums.

Such as it seems that those in positions of power always "misunderstand or just assume immunity" for the laws that the rest of us have to follow.

Because Trump paid his loans back and the bank didn't complain and was still given an "unreasonable" fine.

What criminality? Had Cooke even been charged?

She's admitted there was a problem with her loans - ie things weren't correct. ++
Is it not a crime to lie on a loan application? Or does that only apply to Trump and in NY?

 

[PainIsLIfe]

What?

Nixxing 1 member of a 7 member board isn't going to give Trump control of the FED.

And I'm not excusing Trump for the reason he wants to remove her, but she should be removed. A person can do the right thing for the wrong reason.

 

[Confucamus]

 

[Limbo Pete]

Nixxing 1 member of a 7 member board isn't going to give Trump control of the FED.

And I'm not excusing Trump for the reason he wants to remove her, but she should be removed. A person can do the right thing for the wrong reason.

Expanding his power to terminate without cause would fundamentally eliminate the independent _purpose_ of the Fed.
And no, he's not doing "the right thing for the wrong reason". That's some turd a la grande mealy mouthing. He trying to exert as much total personal control as possible over everything, full stop.

 

[cottagecheesefan]

I don't think the politicos in Washington think too much of it as an issue because probably 70%+ of them have/are doing the same. IIRC, her issue for conformation was her lack of real experience.

It is an interesting point that without amending the loan apps, she is actively committing fraud. Another thing the political class are used to doing is to just make adjustments/pay what they owe and go on to the next gig as if nothing ever happened.

Yea, I would bet a lot on both sides of the isle are doing it. Since it is public records, democrat media Allies already trying to get Trump admin people. They found 3, looks like they got zeldin wrong tho and he did the right thing. Dunno about the others, will be interesting to see the others respond, transport sec Duffy and Labor Secretary Lori Chavez-DeRemer

You have to think the Trump people knew the democrats or some media would do this




Article in question

Trump Is Accusing Foes With Multiple Mortgages of Fraud. Records Show 3 of His Cabinet Members Have Them.

The White House has targeted opponents, including a Fed governor, for having more than one primary residence on their loan papers. ProPublica found that, in one case, a Trump cabinet secretary got two such mortgages in quick succession.

www.propublica.org

 

[sickc0d3r]

It's one member and I've stated that Trump's reason for doing it is wrong, but it's still the right thing to do.

How do you know it’s the right thing to do, aside from bro-lawyers on line saying there’s evidence of something?

 

[sickc0d3r]

Not that it matters, tbh. The question isn’t should she be fired, it’s should the potus be able to fire her without any real evidence.

 

[Islam Imamate]

You don't say I have mortgage issues if you think everything was on the up and up. It clearly shows that she knew she did something wrong.

What makes you say that? Are you aware of the details of the disclosure?

It's been reported that the rental property was listed as a second home on the loan app, so pretty sure that she wasn't paying rental premiums.

Reported where?

Such as it seems that those in positions of power always "misunderstand or just assume immunity" for the laws that the rest of us have to follow.

Well for one I don't think you've provided anywhere near sufficient evidence to suggest that Cooke committed fraud here but furthermore even if she did, mortgage fraud of this kind is incredibly common so if anything the general public is probably more likely to commit mortgage fraud than bureaucrats are.

Because Trump paid his loans back and the bank didn't complain and was still given an "unreasonable" fine.

Not entire familiar with those details, can you link an article that goes over it? Maybe there are relevant differences.

She's admitted there was a problem with her loans - ie things weren't correct. ++
Is it not a crime to lie on a loan application? Or does that only apply to Trump and in NY?

Where did she admit that?

 

[cottagecheesefan]

How do you know it’s the right thing to do, aside from bro-lawyers on line saying there’s evidence of something?

Bro lawyers on line? I have posted ITT even CNNs top legal analyst, former DOJ prosecutor, saying it is real and concerning and that she isn’t really defending herself from the act itself

 

[cincymma79]

Uh, no dude. Again, Trump was officially investigated for his role in J6 for years, and that resulted in enough evidence to get an indictment. Evidence was again presented in the CO SC to get him removed from the ballot. And then scotus saw the case and ruled that it wasn’t enough to remove him. That’s an assload of due process, sherbro.

This Cook lady has had none of that. No investigation, no court, no due process. Just a Trump henchman saying that he found some loan applications that prove she committed fraud before she was appointed to the fed, and that was enough for her to be fired. These things are not remotely the same. And I already said I disagreed with removing Trump from the ballot.

Anyhoo, I feel like people are misunderstanding or purposely misrepresenting the issue here. Which is:
Fed governors, by law, can only be removed by the potus for “cause”, which is undefined in the law as written (because, naturally, why would congress bother to define something like that, fuckers love ambiguity).
So, Trump firing her means that courts will be forced to decide whether or not “cause” is basically anything the potus deems a credible allegation, no matter if it’s substantiated or even related to the job in question, nor will it matter if the accused has any chance to defend themselves or even present their side.

It’s just another obvious power grab for the executive office. The end goal being that the fed will serve at the whim of Trump, and that will be true for every POTUS going forward.

Fired and charged are not the same level of scrutiny anyone with sense would argue.

 

[sickc0d3r]

Fired and charged are not the same level of scrutiny anyone with sense would argue.

The question of what constitutes cause for the firing of a fed by the potus is all this is about. And specifically in this case it’s an alleged crime.
Right now there’s nothing but an unsubstantiated allegation. Do you think that should be the threshold? If not, short of presenting evidence to someone under oath, what should it be, in your opinion?

 

[cincymma79]

The question of what constitutes cause for the firing of a fed by the potus is all this is about. And specifically in this case it’s an alleged crime.
Right now there’s nothing but an unsubstantiated allegation. Do you think that should be the threshold? If not, short of presenting evidence to someone under oath, what should it be, in your opinion?

Are you privy to what they have? Speculating and will pretend this never happened when it comes out? I’ve watched people have charges dropped for horrendous shit if they quit. Hell. The superintendent near me was allowed to quit to avoid charges where he was. Came here and did the same fraudulent shit. Maybe you don’t know anywhere near what you think you know and are being propagandized into being mad about something with no effect over your life?

 

[nostradumbass]

Yea, I would bet a lot on both sides of the isle are doing it. Since it is public records, democrat media Allies already trying to get Trump admin people. They found 3, looks like they got zeldin wrong tho and he did the right thing. Dunno about the others, will be interesting to see the others respond, transport sec Duffy and Labor Secretary Lori Chavez-DeRemer

You have to think the Trump people knew the democrats or some media would do this




Article in question

Trump Is Accusing Foes With Multiple Mortgages of Fraud. Records Show 3 of His Cabinet Members Have Them.

The White House has targeted opponents, including a Fed governor, for having more than one primary residence on their loan papers. ProPublica found that, in one case, a Trump cabinet secretary got two such mortgages in quick succession.

www.propublica.org

Don't worry, pro pube licker will still nominate themselves for a Pulitzer for the fan fiction crap they put out.

 

[sickc0d3r]

Are you privy to what they have? Speculating and will pretend this never happened when it comes out? I’ve watched people have charges dropped for horrendous shit if they quit. Hell. The superintendent near me was allowed to quit to avoid charges where he was. Came here and did the same fraudulent shit. Maybe you don’t know anywhere near what you think you know and are being propagandized into being mad about something with no effect over your life?

They are public servants, remember that. Once the decision is made that an accusation with no independent vetting of any kind is good enough, it will apply to every potus.

The fed is independent for good reasons. An accusation of illegal activity as cause for firing should require legal methods of verification. Where are all my conservative friends who are appalled by this, ffs?

Also, I have no idea what’s true, maybe she’s guilty and should be fired. That’s the whole point of courts looking at the evidence, rather than just the POTUS with an obvious and public agenda.

 

[cincymma79]

They are public servants, remember that. Once the decision is made that an accusation with no independent vetting of any kind is good enough, it will apply to every potus.

The fed is independent for good reasons. An accusation of illegal activity as cause for firing should require legal methods of verification. Where are all my conservative friends who are appalled by this, ffs?

Also, I have no idea what’s true, maybe she’s guilty and should be fired. That’s the whole point of courts looking at the evidence, rather than just the POTUS with an obvious and public agenda.

There would be no courts. How old are you

 

[PainIsLIfe]

How do you know it’s the right thing to do, aside from bro-lawyers on line saying there’s evidence of something?

She has basically admitted her guilt in her court plea and her lawyer's statements to the press.

 

[PainIsLIfe]

Not that it matters, tbh. The question isn’t should she be fired, it’s should the potus be able to fire her without any real evidence.

Are the loan documents not evidence?

What you really mean is that you haven't seen the evidence.

 

[PainIsLIfe]

What makes you say that? Are you aware of the details of the disclosure?

Reported where?

Well for one I don't think you've provided anywhere near sufficient evidence to suggest that Cooke committed fraud here but furthermore even if she did, mortgage fraud of this kind is incredibly common so if anything the general public is probably more likely to commit mortgage fraud than bureaucrats are.

Not entire familiar with those details, can you link an article that goes over it? Maybe there are relevant differences.

Where did she admit that?

What do you think she meant when she told Biden she had mortgage issues? Come on, you're smarter that this.

It was posted in this thread.

The general public (the majority anyway) doesn't have 3 homes

It was widely reported that his loans were paid back on time and no bank filed a complaint. 1 loan officer even testified for Trump saying they would like to do business with him again. And the NY appeals court said the fine he was given was excessive. Google is at your finger tips.

Are you reading the thread or just jerking my chain? The links are posted within the thread.

 

[PainIsLIfe]

The question of what constitutes cause for the firing of a fed by the potus is all this is about. And specifically in this case it’s an alleged crime.
Right now there’s nothing but an unsubstantiated allegation. Do you think that should be the threshold? If not, short of presenting evidence to someone under oath, what should it be, in your opinion?

If the documents are produced that show she did it should she be fired?

 

[PainIsLIfe]

They are public servants, remember that. Once the decision is made that an accusation with no independent vetting of any kind is good enough, it will apply to every potus.

The fed is independent for good reasons. An accusation of illegal activity as cause for firing should require legal methods of verification. Where are all my conservative friends who are appalled by this, ffs?

Also, I have no idea what’s true, maybe she’s guilty and should be fired. That’s the whole point of courts looking at the evidence, rather than just the POTUS with an obvious and public agenda.

What would you suggest? A criminal filing? Senate hearings? Her own admission? What exactly constitutes legal verification for you?