Fed Governor Lisa Cook Fired with Cause

baltimorened

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The idea that public trust is just shattered by someone with oversight into overall economic health, etc because they put primary residence in two homes is so funny to me.

It’s not like she dropped an investigation into a company after a huge donation to her or anything where the public could worry she’s making decisions for her own betterment rather than for the nation.

Y’all fairly criticize lefties sometimes for virtue signaling or white knighting, and then do that same sort of thing on the other side of the coin here.
to be fair, Trump was prosecuted for something very similar - fraud on overstating values of property to get better loan rates, I.e. fraud - whereas cook is being investigated for falsifying mortgage applications to get a better rate, I.e. fraud. It's not the top line, two houses as primary residence, it's the crime, fraud.
 

fatpiggy

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The idea that public trust is just shattered by someone with oversight into overall economic health, etc because they put primary residence in two homes is so funny to me.

It’s not like she dropped an investigation into a company after a huge donation to her or anything where the public could worry she’s making decisions for her own betterment rather than for the nation.

Y’all fairly criticize lefties sometimes for virtue signaling or white knighting, and then do that same sort of thing on the other side of the coin here.
I’m pretty sure you posted that “no one is above the law” not that long ago

did you have a change of heart or do you want a two-tier justice system?
 

UrHuckleberry

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to be fair, Trump was prosecuted for something very similar - fraud on overstating values of property to get better loan rates, I.e. fraud - whereas cook is being investigated for falsifying mortgage applications to get a better rate, I.e. fraud. It's not the top line, two houses as primary residence, it's the crime, fraud.
Sure, and if everyone currently stating they think she should resign for betraying the public trust, were also saying Trump should resign for betraying the public trust, then it wouldn't feel like virtue signaling, it would feel like integrity. But that doesn't seem to be the case.
 

UrHuckleberry

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I’m pretty sure you posted that “no one is above the law” not that long ago

did you have a change of heart or do you want a two-tier justice system?
I don't have a problem with her being prosecuted just like anyone else who was found to have done the same thing. That isn't at all what I was discussing. I just find it ridiculous I keep seeing "betraying the public trust" like she did something wildly ridiculous or something that was directly related to her current role.
 
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UrHuckleberry

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Based on what you just wrote you clearly lack the understanding of Moral Compass when it applies to positions of TRUST

I want my appointed employees to be lily white clean. No pun intended. When she took the position she was vetted and took an oath for honesty and integrity.

She violated it so explain to me why she gets a pass on breaking the laws she help monitor and enforce in her position.
You in particular are one of the people I am talking about. How many times have you said that everyone is doing the fraud that Trump committed when getting his loan? You have repeatedly stated that over and over. Like within the past week I believe since his case and the penalty has come up. It wasn't just misrepresenting Mar A Lago, it was claiming multitudes of square footage on a penthouse that didn't exist, and many more things. But you keep stating in all caps how much it doesn't bother you about Trump. That you are loving what he is doing. Zero public trust has been betrayed by him to you. But Cook claims residence in two places and suddenly public trust has been betrayed and you need people that are lily white clean.

Again, if she is guilty, I say treat her exactly like you would anyone else found to have claimed residence in two homes, and move forward. (And I don't know what that is, do they just pay back pay? Are they going to prison for that? (I doubt it)).

It's the "virtue signaling" or whatever the opposite is of that that I find humorous and over the top.
 

fatpiggy

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I don't have a problem with her being prosecuted just like anyone else who was found to have done the same thing. That isn't at all what I was discussing. I just find it ridiculous I keep seeing "betraying the public trust" like she did something wildly ridiculous or something that was directly related to her current role.
To me it is wildly ridiculous that you are in charge of setting rates for the world, and then break the rules to get yourself a lower rate. That is absolutely absurd and it is directly related to her role. It's a rules for thee but not for me situation and that is a betrayal of trust. We trust those in charge to abide by the rules they set.
 

UrHuckleberry

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To me it is wildly ridiculous that you are in charge of setting rates for the world, and then break the rules to get yourself a lower rate. That is absolutely absurd and it is directly related to her role. It's a rules for thee but not for me situation and that is a betrayal of trust. We trust those in charge to abide by the rules they set.
lol k


The Fed has nothing to do with a rate difference between main residence and used for rental.
 
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dpic73

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Wow. Applauding literal lawlessness and authoritarianism. Way to go Ole Fastball
What Trump did was orders of magnitude worse but at least he got a trial. They're going to keep this up until he controls every single lever of government so we can't allow this to be normalized.
 
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dpic73

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Bye Felecia


Oh wait, we should have learned our lesson about trusting you and your sources by now. eyeroll

Hi Grok, Did Trump order US marshalls to remove Lisa Cook?

"There is no definitive evidence from the provided references that President Donald Trump ordered U.S. Marshals to remove Federal Reserve Governor Lisa Cook."

"None of the sources mention Trump ordering U.S. Marshals to physically remove Cook from her position or any related premises. The dispute appears to be centered on a legal and administrative action rather than a physical intervention by law enforcement. Posts on X from the U.S. Marshals Service around this period focus on unrelated operations, such as "MakeDCSafeAgain" and apprehending a felon, with no reference to actions involving Cook.

The situation is poised for a legal battle, with Cook’s team arguing that Trump’s attempt to remove her lacks factual or legal basis, and the Federal Reserve emphasizing that its governors are protected by law to ensure independence from political pressure. Without further evidence, it seems unlikely that U.S. Marshals were involved, as the matter is being contested through legal channels rather than physical enforcement."


 
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baltimorened

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Love having a higher standard for a Fed Board member than the President. Makes sense.
wasn't the president found guilty? Seems as if some on here are on board with the opposite, fraud for Trump, minor faux pas for Cook.

Not defending either, and I add Schiff and James to this debate. As has been pointed out, one of the factors leading to the housing crisis in 2008 was fraud on mortgage applications. We have laws for a reason. If we're not going to enforce them, repeal them.

I was recently considering refinancing a second home. One of the first questions I was asked, "is this your primary residence"? Seems as if I might have been in the minority by saying "no"
 

UrHuckleberry

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wasn't the president found guilty? Seems as if some on here are on board with the opposite, fraud for Trump, minor faux pas for Cook.

Not defending either, and I add Schiff and James to this debate. As has been pointed out, one of the factors leading to the housing crisis in 2008 was fraud on mortgage applications. We have laws for a reason. If we're not going to enforce them, repeal them.

I was recently considering refinancing a second home. One of the first questions I was asked, "is this your primary residence"? Seems as if I might have been in the minority by saying "no"
Yes, he was. Sort of my point.

While I think he did commit fraud in that case, you won't find me repeatedly saying that he has broken the trust of the American people for that, and that he is unfit for the presidency (at least due to that ;) ), all the rest of the performative nonsense I keep seeing on this board.
 
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PalmettoTiger1

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How many Republican government officials could be guilty of the same, or worse, if they wanted to dig around in their papers? Hell, go all the way to the top and you'll find the best case for setting a bad example one can imagine and you don't care. If you can't see that this is targeted retribution against an agency that has angered him, you're lying to yourself. The message is loud and clear - if you don't lick the taint, we will find "something" you did wrong and publicly shame and terrorize you for it. This is not healthy for a democracy.


Strong economies protect their central banks. Weak ones look like this. Firing Lisa Cook puts America in the wrong column.



So your moral position is that if we find a crime and it NOT THE PERSON DPIC73 wants gulity Then we ignore the crime

Policeman once told me that other people were speeding and I didn’t think it was fair to charge
me

He said yeap other people speed but I caught YOU
 
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PalmettoTiger1

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I don't have a problem with her being prosecuted just like anyone else who was found to have done the same thing. That isn't at all what I was discussing. I just find it ridiculous I keep seeing "betraying the public trust" like she did something wildly ridiculous or something that was directly related to her current role.


She did something massively wrong.

She took an oath and people were expecting lawful behavior.

Do you support lawful behavior or not

Simple question simple yes or no answer
 

baltimorened

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Yes, he was. Sort of my point.

While I think he did commit fraud in that case, you won't find me repeatedly saying that he has broken the trust of the American people for that, and that he is unfit for the presidency (at least due to that ;) ), all the rest of the performative nonsense I keep seeing on this board.
I don't disagree with your thoughts. There is a big difference though, Trump was elected after the court case and verdict. So a majority of voters said in effect I don't care. But the crime was big enough to where the state government prosecuted.

In the cook, Schiff, James cases, we seem to be reducing our outrage about the crime.

As I said, we have these laws on the books for a reason.

Do I think Trump should have fired Cook solely on the basis of an accusation. NO!! She deserves a chance to tell her side of the story. If guilty of fraud, then she can be fired. That chain of events would be more politically acceptable and/or a more reasoned approach IMO
 

PalmettoTiger1

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You in particular are one of the people I am talking about. How many times have you said that everyone is doing the fraud that Trump committed when getting his loan? You have repeatedly stated that over and over. Like within the past week I believe since his case and the penalty has come up. It wasn't just misrepresenting Mar A Lago, it was claiming multitudes of square footage on a penthouse that didn't exist, and many more things. But you keep stating in all caps how much it doesn't bother you about Trump. That you are loving what he is doing. Zero public trust has been betrayed by him to you. But Cook claims residence in two places and suddenly public trust has been betrayed and you need people that are lily white clean.

Again, if she is guilty, I say treat her exactly like you would anyone else found to have claimed residence in two homes, and move forward. (And I don't know what that is, do they just pay back pay? Are they going to prison for that? (I doubt it)).

It's the "virtue signaling" or whatever the opposite is of that that I find humorous and over the top.

You love to compare apples to watermelons.

Trump was doing a private deal and his conduct was NOT ILLEGAL
 

dpic73

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So your moral position is that if we find a crime and it NOT THE PERSON DPIC73 wants gulity Then we ignore the crime

Policeman once told me that other people were speeding and I didn’t think it was fair to charge
me

He said yeap other people speed but I caught YOU
Do those police have orders to lie in wait for me and follow me around until they catch me speeding because the Chief doesn't like me?

And why does your demand that officials be lily white not extend to the Presidency?
 

UrHuckleberry

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I don't disagree with your thoughts. There is a big difference though, Trump was elected after the court case and verdict. So a majority of voters said in effect I don't care. But the crime was big enough to where the state government prosecuted.

In the cook, Schiff, James cases, we seem to be reducing our outrage about the crime.

As I said, we have these laws on the books for a reason.

Do I think Trump should have fired Cook solely on the basis of an accusation. NO!! She deserves a chance to tell her side of the story. If guilty of fraud, then she can be fired. That chain of events would be more politically acceptable and/or a more reasoned approach IMO
Trump was elected after the court case and verdict?
 
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LafayetteBear

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Powell is gone in May anyway.

I don’t think it’s the same theory they tried to get Trump with. Trump paid back his creditors in full. Cooks fraud she will still owe money. She was in charge of the system at the same time as scamming the system. Can’t happen.
Piggy: All we have thus far is allegations. No judicial finding of anything. Isn't Ms. Cook entitled to due process and a presumption of innocence? If anyone EVER received a full measure of due process, it is Donald Trump. He had better hope he gets more of the same after he departs office (unless he strokes out in office), since he is likely looking at more time defending both civil and criminal charges.
 

fatpiggy

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Piggy: All we have thus far is allegations. No judicial finding of anything. Isn't Ms. Cook entitled to due process and a presumption of innocence? If anyone EVER received a full measure of due process, it is Donald Trump. He had better hope he gets more of the same after he departs office (unless he strokes out in office), since he is likely looking at more time defending both civil and criminal charges.
In a criminal matter she is indeed entitled to due process.

Take Clemson football for example. Schef got pulled over for DUI. Dabo would be well within his rights to kick him off the team for making the team look bad even though he had not been convicted yet. Should Dabo wait until he is proven guilty in a court of law to hold him accountable? He is being punished before a court of law speaks. The coldplay couple? They were never convicted, yet both were fired by the board i believe.

She can get due process in a criminal trial. As it is, the evidence is very clear, she either intentionally lied or was incompetent. There is no in-between. Fired with cause.
 

LafayetteBear

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See my comments in red type.

For those unaware, when you get the mortgage there are different rates for first homes verse homes after your first. Really? Please explain. I practice transactional real estate law, and your statement has me confused. When you speak of "first homes verse [sic] homes after your first," are you speaking of a mortgage borrower's principal residence versus his or her second residence (e.g., a vacation home or rental property)? In that case, there would in fact be a (very) slightly lower rate for a principal residence. Or are you talking in terms of chronology, with the "first home" being the home purchased earliest in time and "homes after the first" being homes purchased later in time? A home purchased later in time could nonetheless be, from the moment it is purchased, the borrower's NEW principal residence. After all, people DO move from time to time. You must sign a document saying that you plan on your first home being your primary residence for at least 1 year. I'm not familiar with the 1 year requirement. I have no doubt it is included in the documentation for some mortgage loans, but I'm pretty sure that is not universal. I believe the borrower's affirmative covenant regarding the subject property being the borrower's residence is typically phrased without reference to a specific minimum period of time. You can't have more than one primary residence. By claiming both as primary residence she was trying to get a lower rate. That is fraud. While it is true that you can't have more than one principal residence at any one point in time, people can and do move, and one's principal residence can change over time. What would be really helpful information here is when did Ms. Cook sign the loan documents for these two mortgage loans? I'm guessing they were not signed contemporaneously. If they were signed some time apart from each other, there would be nothing illegal or even inappropriate in her making that same statement for each property. She may have moved. Facts like this are pretty easy to confirm, and also pretty foundational to any kind of case for loan fraud.

I get it, it's political, but at the same time it is totally justified. Unless you are in possession of facts that the general public does not have, you cannot know whether the "firing" of Ms. Cook is justified, much less "totally justified." Unless, of course, you believe anything and everything that comes out of Donald Trump's mouth. For example, who do you believe was elected President in November 2020? You can't have the people in charge of the system, gaming the system. She is properly fired with cause. I don't love it, but it is well within Trumps right to fire her and the cause is 100% legitimate.

It wasn't that long ago that democrats were saying "No one is above the law". They want a two tiered justice system. If you compare the exercise of the Pardon Power and the use (i.e., abuse) of prosecutorial discretion at the DOJ in the Biden Administration and the Trump Administration (either one, but most notably the second one), you would come to just the opposite conclusion. The invasion of John Bolton's home is just one more example of Trump's abuse of the justice system. Trump is a fascist.
 
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fatpiggy

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bear, I don't know this for fact (came from MSM) but supposedly she signed documents two weeks apart.
Two weeks apart is correct. Her signature matches and she has not denied signing them. Either intentional or incompetent, neither is OK. Fired with cause.
 
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yoshi121374

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In a criminal matter she is indeed entitled to due process.

Take Clemson football for example. Schef got pulled over for DUI. Dabo would be well within his rights to kick him off the team for making the team look bad even though he had not been convicted yet. Should Dabo wait until he is proven guilty in a court of law to hold him accountable? He is being punished before a court of law speaks. The coldplay couple? They were never convicted, yet both were fired by the board i believe.

She can get due process in a criminal trial. As it is, the evidence is very clear, she either intentionally lied or was incompetent. There is no in-between. Fired with cause.

Talk about 0 for 2. Both points you made are wrong.
 

fatpiggy

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The print is small, but the criminal referal from Pulte says it was 2 weeks apart.

 

LafayetteBear

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I don't disagree with your thoughts. There is a big difference though, Trump was elected after the court case and verdict. So a majority of voters said in effect I don't care. But the crime was big enough to where the state government prosecuted.

In the cook, Schiff, James cases, we seem to be reducing our outrage about the crime.

As I said, we have these laws on the books for a reason.

Do I think Trump should have fired Cook solely on the basis of an accusation. NO!! She deserves a chance to tell her side of the story. If guilty of fraud, then she can be fired. That chain of events would be more politically acceptable and/or a more reasoned approach IMO
Ned: You forgot about Trump inciting the January 6 insurrection and the Supreme Court subsequently giving him a free pass for it, even though the clear language of the 14th Amendment should have made him ineligible for any elective office.

And you forgot about him stealing hundreds of boxes of documents belonging to the Federal Government (many of them classified), and subsequently blowing off the National Archives when it asked, then demanded, their return. With considerable assistance from that sycophantic District Judge in Florida (I forget her name), Trump managed to run out the clock on that prosecution, but it does not change the fact that he committed those crimes.

Hopefully, he will be prosecuted when his term as President ceases (if he does not stroke out before then).