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


This was pretty funny:

Last week, Reuters reported that Pulte’s own father and stepmother had declared two homes in two different states as their primary residence, prompting a town in Michigan to remove a tax exemption for their home there and charge the couple for back taxes. Pulte and his parents didn’t respond to requests for comment about the matter.
 
What were that bank's rates? What were they when she would have explained the mistake to the bank? What are the differences in insurance premiums for primary vs secondaty homes?

You act like this is a nothing crime, but Leticia James and the courts of NY have taught me that loan fraud is a very serious offense - let's not pretend otherwise now.

And wtf, lecturing about the constitution while sporting a "canada belt". Lol


From the article that was posted today:

The documents cited by Pulte, opens new tab include standardized federal mortgage paperwork which stipulates that each loan obtained by Cook for the Atlanta and Michigan properties is meant for a “primary residence.” But documentation reviewed by Reuters for the Atlanta home, filed with a court in Georgia’s Fulton County, clearly says the stipulation exists “unless Lender otherwise agrees in writing.” The loan estimate, a document prepared by the credit union, states “Property Use: Vacation Home.”

The document appears to help Cook’s case, said two real-estate experts who aren’t involved in representing her. That’s because it indicates that during the loan-application process, she told the lender she intended to use the property as a vacation home.

In another point that could help Cook’s case, she never requested a tax exemption for the Georgia home as a primary residence, according to property records and a Fulton County tax official.

A separate document reviewed by Reuters, related to a federal form completed by Cook as she obtained security clearance for her role at the Federal Reserve, shows that in December 2021 she also declared the Atlanta property as a “2nd home.” Though unrelated to the mortgage, the declaration on that document, a supplement to a U.S. government national security form known as SF-86, is consistent with the claim on her Atlanta loan summary.
 
What were that bank's rates? What were they when she would have explained the mistake to the bank? What are the differences in insurance premiums for primary vs secondaty homes?

You act like this is a nothing crime, but Leticia James and the courts of NY have taught me that loan fraud is a very serious offense - let's not pretend otherwise now.

And wtf, lecturing about the constitution while sporting a "canada belt". Lol
See, here's the thing: if you had it your way -Trump's way- she would be out of the job and he'd be leveraging the Fed as we speak... and all without "crime" or "courts". Donald Trump "fired" her based on an unconfirmed allegation and with no charges, let alone a court trial to determine actual guilt. That. Is. Not. Cause. Bank's rates? Explain the mistake? None of that shit would even be in the conversation. There wouldn't BE a conversation. He's not asking to fire her based on evidence of guilt, he's proclaiming he can decide what constitutes evidence of guilt and, without a criminal investigation (or TRIAL) of any kind, act unilaterally. You're so desperate to virtue signal that you are willing to hand wave away the takeover of the Fed, which again performs an extraordinarily important function for our country.
 
This was pretty funny:

Last week, Reuters reported that Pulte’s own father and stepmother had declared two homes in two different states as their primary residence, prompting a town in Michigan to remove a tax exemption for their home there and charge the couple for back taxes. Pulte and his parents didn’t respond to requests for comment about the matter.
Just pathetic. I don't know what's worse: our government being staffed by complete fucking buffoons, or that guys like Pain here pretend it isn't
 
Just pathetic. I don't know what's worse: our government being staffed by complete fucking buffoons, or that guys like Pain here pretend it isn't

This smells like when that idiot accused Claudine Gay of plagiarism and it turned out his wife was guilty of far more serious plagiarism.
 

So her own lawyer lied when he said that "she made Biden aware of problems with her loans"?
 
What were that bank's rates? What were they when she would have explained the mistake to the bank? What are the differences in insurance premiums for primary vs secondaty homes?

You act like this is a nothing crime, but Leticia James and the courts of NY have taught me that loan fraud is a very serious offense - let's not pretend otherwise now.

And wtf, lecturing about the constitution while sporting a "canada belt". Lol
Fucking lol
 
Just pathetic. I don't know what's worse: our government being staffed by complete fucking buffoons, or that guys like Pain here pretend it isn't

If this whole thing is a lie, the PIL will eat crow and say he was had.

But, I'm still trying to figure out what ghe lawyer meant about telling Biden og problems with her loan if there wasnt any.
 
If this whole thing is a lie, the PIL will eat crow and say he was had.

But, I'm still trying to figure out what ghe lawyer meant about telling Biden og problems with her loan if there wasnt any.
I don't know if you're aware of this, but sometimes a "problem" isn't really a problem. And it does indeed look like very basic reporting is going to blow this up in your face. Because it's not even really about lies so much as incompetence. The Trump administration is full of unqualified nepo appointed yes men who know fuck all about their jobs. And Trump only cares about what he can use to get what he wants. His underling said here's a thing, Trump pulled the trigger. That is EXACTLY WHY YOU NEED CAUSE to remove someone as important as a fed member. Do you really, honestly want that? Well keep your fingers crossed, then, because the SC can just make shit up. May just get your wish.
 
If this whole thing is a lie, the PIL will eat crow and say he was had.

But, I'm still trying to figure out what ghe lawyer meant about telling Biden og problems with her loan if there wasnt any.

There is a difference between loan estimates and the actual binding documents.

Seems to actually show she was aware of the difference in mortgages rates and shopped around for a better rates with the primary residence
 
What were that bank's rates? What were they when she would have explained the mistake to the bank? What are the differences in insurance premiums for primary vs secondaty homes?

You act like this is a nothing crime, but Leticia James and the courts of NY have taught me that loan fraud is a very serious offense - let's not pretend otherwise now.

And wtf, lecturing about the constitution while sporting a "canada belt". Lol
You realize you can find all of this information out?????? You're the one pushing this narrative. Do the work and post what you believe the rates are on here, and what rate she got. Then I'll double check your work. You're being lazy because you know she didn't get a favorable rate.

Your 2nd line is a logical fallacy. You can't just accuse someone of a crime and then say "X crime is a very serious crime" without first proving the person is actually guilty of a crime. There are really 3 elements to proving criminal mortgage fraud in case like this (which I doubt you knew):

1) proving she committed a potential offense (which if the mistake exists, that would would suffice, so you have this one)
2) proving she had a guilty mind and intentionally listed 2x primary residences and intentionally deceived loan officers (good luck with this one)
3) proving that listing 2x primary residences increased her chances of securing a loan (again, good luck with this one)

You can screech like an autistic MAGA supporter all you want, but it doesn't change the fact that she will not be charged with mortgage fraud, because she doesn't meet the legal test for proving a crime.
 
You realize you can find all of this information out?????? You're the one pushing this narrative. Do the work and post what you believe the rates are on here, and what rate she got. Then I'll double check your work. You're being lazy because you know she didn't get a favorable rate.

Your 2nd line is a logical fallacy. You can't just accuse someone of a crime and then say "X crime is a very serious crime" without first proving the person is actually guilty of a crime. There are really 3 elements to proving criminal mortgage fraud in case like this (which I doubt you knew):

1) proving she committed a potential offense (which if the mistake exists, that would would suffice, so you have this one)
2) proving she had a guilty mind and intentionally listed 2x primary residences and intentionally deceived loan officers (good luck with this one)
3) proving that listing 2x primary residences increased her chances of securing a loan (again, good luck with this one)

You can screech like an autistic MAGA supporter all you want, but it doesn't change the fact that she will not be charged with mortgage fraud, because she doesn't meet the legal test for proving a crime.

At the time of that posting she had not denied the claim. In fact she argued that it happened before she was nominated for the board and then her lawyer came out and said she had told Biden about the issue.

It seems very odd that there is now a paper saying that it wasnt an issue. But again; I'll eat crow if its true.
 
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At the time of that posting she had not denied the claim. In fact she argued that it happened before she was nominated for the board and then her lawyer came out and said she had told Biden about the issue.

It seems very odd that there is now a paper saying that it wasnt an issue. But again; I'll eat crow if its true.
I'm pretty sure this whole thing will be a nothing burger. Trump is trying to pressure bureaucrats to charge her, but it won't happen because they won't be able to secure a conviction.

IF she was found guilty of criminal mortgage fraud, the Supreme Court would no doubt allow Trump to fire her. But as it stands, the Supreme Court isn't going to give the president blanket authority to determine "for cause" based on allegations alone. And yes, they will treat these as allegations if they have not yet been proven beyond a reasonable doubt in a court of law.
 
At the time of that posting she had not denied the claim. In fact she argued that it happened before she was nominated for the board and then her lawyer came out and said she had told Biden about the issue.

It seems very odd that there is now a paper saying that it wasnt an issue. But again; I'll eat crow if its true.
Nobody knew anything, which was the problem. Trump's lackey said go for it, and Trump "fired" her. That had nothing except an unconfirmed allegation, let alone charges, let alone a conviction. But Trump specifically wanted to fire her without needing any of that. Fucking christ, pull your head out.
 
Nobody knew anything, which was the problem. Trump's lackey said go for it, and Trump "fired" her. That had nothing except an unconfirmed allegation, let alone charges, let alone a conviction. But Trump specifically wanted to fire her without needing any of that. Fucking christ, pull your head out.
That's the worst part. This dude is arguing in bad faith and he knows what you're saying is true.

All the Trump nuthuggers claim "this is just about the criminal Lisa Cook". Except they know it's about Trump wanting the Supreme Court to give him the authority to unilaterally determine "for cause". That way he can threaten/fire any future Fed board member, and control the Fed.

But they won't even admit that's what this is about.
 
So you're unironically saying you believe it because Trump said so? Has Lisa Cooke been charged with mortgage fraud?
Looks like Trump has egg on his face. Like I said, pretty easy to determine if someone lied on a mortgage application.
 
Looks like Trump has egg on his face. Like I said, pretty easy to determine if someone lied on a mortgage application.
Do you think Trump made a good faith mistake or is was he reaching for a pretense to expel Cooke? Or not obvious either way?
 
Do you think Trump made a good faith mistake or is was he reaching for a pretense to expel Cooke? Or not obvious either way?
No I don’t think he made a good faith mistake. At best he acted impulsively and foolishly. At worst he acted with malfeasance due to past butt hurt for his own legal troubles.
 
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