Trump DOJ Files Blistering Response To Lisa Cook Lawsuit | Crypto Craft

  • Trump DOJ Files Blistering Response To Lisa Cook Lawsuit

    From zerohedge.com

    The Justice Department has filed a response to Federal Reserve Governor Lisa Cook's lawsuit over her Monday firing - claiming that the President was within his right to boot her over allegations of mortgage fraud (with a third property disclosed by Federal Housing Finance Agency (FHFA) Director Bill Pulte last night), and that Cook is "highly unlikely to prevail on the merits." Trump's legal team argues that the Federal Reserve Act (FRA) gives the President “broad discretion” to remove governors "for cause" and that courts cannot second-guess that judgment: The Federal Reserve Act (FRA) empowers the ... (full story)

Comment Options
dchristi
Aug 29, 2025 10:23am
Permalink
Quoting Trader#2B81
As I’ve said from the beginning, she’s done, as she should be. Her refusal to acknowledge her intentional or unintentional error on her mortgages, and her wildly politically biased response proves she is unfit for such a position. As usual the TDS crowd on FF chose to ignore all the facts of the case and insisted she was some sort of victim, which is ridiculous.
Speaking only for myself, and not "the TDS crowd" (whoever they may be), if Cook committed fraud -- and it certainly looks that way right now -- then she absolutely should face the consequences. Even if it means losing her job.

But it is certainly ironic that a President who himself has been convicted of massive fraud in his company's real estate dealings should now attempt to take the high ground and vilify Cook for her comparatively minor infractions. But he is acting within his authority to remove Cook for cause, if that can be proven.

What bothers me the most, though, is that Trump's "justice" is always selective, and usually political. Terrorists attacking the Capitol building and violently assaulting police officers? Pardoned. NYC Mayor Adams corruption? Not pursued, after an apparent deal with the Administration. And the list goes on...

If Trump were actually a law and order President, and if his efforts to fire Cook were not so obviously an attempt to gain leverage within the FOMC, it would be much easier to swallow Cook's firing. But Trump is himself a felon, and only cares about the law when it suits his own purposes. And that's what makes this seem wrong.
Reply
Subdude
Aug 29, 2025 4:27pm
Permalink
Quoting dchristi
{quote} Speaking only for myself, and not "the TDS crowd" (whoever they may be), if Cook committed fraud -- and it certainly looks that way right now -- then she absolutely should face the consequences. Even if it means losing her job. But it is certainly ironic that a President who himself has been convicted of massive fraud in his company's real estate dealings should now attempt to take the high ground and vilify Cook for her comparatively minor infractions. But he is acting within his authority to remove Cook for cause, if that can...
Agree with everything you said except for the first paragraph. First off, the allegations against her are just that - there's no trial, indictment or even investigation yet. All we have is another Trump meatrider and campaign donor Bill Pulte who has abused his role as FHFA director in many ways, one of which of course is using the data he has access to professionally to lob accusations at a target of Trump's ire: https://www.motherjones.com/politics...ms-of-his-own/ Can you say "malfeasance"?

So believing a discredited shill nepo baby that she's guilty of fraud is kinda ironic and making a lot of assumptions, but even if there was an impropriety, the mortgages were actually originated prior to her time at the Fed. The for "cause" rule only covers her tenure on the job - not her entire life.
Reply
Trader#2B81
Aug 29, 2025 9:46am
Permalink
As I’ve said from the beginning, she’s done, as she should be. Her refusal to acknowledge her intentional or unintentional error on her mortgages, and her wildly politically biased response proves she is unfit for such a position. As usual the TDS crowd on FF chose to ignore all the facts of the case and insisted she was some sort of victim, which is ridiculous.
Reply
axecap
Aug 29, 2025 10:58pm
Permalink
Quoting dchristi
{quote} ..
A calm sane and logical post. There might be hope for America yet.
Trader#7842
Aug 29, 2025 1:20pm
Permalink
President Trump is playing with fire as he attempts to reshape the Federal Reserve—from stacking the deck with loyalists to reportedly pushing Lisa Cook toward the exit. But here's what's truly at stake: the Fed's independence isn't some dusty Washington custom; it's the bedrock of worldwide trust in American markets. If that trust crumbles, we'd face a financial earthquake—international investors fleeing U.S. Treasuries, creating a confidence vacuum that could take a generation to fill. And this isn't isolated. Remember when Trump replaced the Bureau of Labor Statistics chief after criticizing job numbers? You don't need outright data manipulation to send shock waves through global markets. The guardrails between political pressure and independent financial governance aren't bureaucratic red tape—they're what keeps our entire economic system from derailing.
Reply
Trader#E0FF
Aug 29, 2025 10:44pm
Permalink
Does'nt anyone think that the mortgage accusation is Trumps way of getting rid of people he calls liberal( mostly black women) ? How many has he charged with the same thing? This man is using DOJ to weaponize his power against his so called enemies. He is ruining all of our democracies, CDC, FED, DOJ all are suppose to be nuetral but have become tools for Trump.
Reply
Trader#E92E
Aug 29, 2025 9:11am
Permalink
Bayyy
Reply
    • Older Stories  
    US consumer confidence falls in August

    From breakingthenews.net|Aug 29, 2025|3 comments

    The Consumer Sentiment Index in the United States slid 6% in August compared to the month prior, to stand at 58.2, as per the final monthly report posted by the University of Michigan on Friday. The figure plunged 14.3% on an annual level. The Current Economic Conditions Index went down 9.3% in the reported period compared to July and advanced 0.7% annually, standing at 61.7 points. The Index of Consumer Expectations decreased by 3.1% on a monthly basis to 55.9, and tumbled 22.5% on a yearly basis. "This month, few consumers spontaneously mentioned the recent events at the Bureau of Labor Statistics and the Federal Reserve (interviews closed on Monday, August 25, the day Trump announced he was firing Governor Cook)," the report outlined. MORE UMICH FINAL AUG CONSUMER SENTIMENT: PERCEPTIONS OF MANY ASPECTED OF ECONOMY 'SLIPPED;' BUYING CONDITIONS FOR DURABLES 'LOWEST READING IN A YR' #UMich #consumer_sentiment #economy UMich Takes Flamethrower To What Little Was Left Of Its Credibility Confirming the preliminary data, UMich final prints showed sentiment weakening and inflation fears returning in August, with both Current Conditions and Expectations declining... chart Buying conditions for durable goods subsided to their lowest reading in a year, and current personal finances declined 7%, both due to heightened concerns about high prices. "Sentiment now stands about 11% above readings from April and May but remains at least 10% below 6 and 12 months ago," said UMich Survey Director Joanne Hsu. "This month’s decrease was visible across groups by age, income, and stock wealth. Moreover, perceptions of many aspects of the economy slipped." That said, expectations for personal finances held steady this month, albeit at relatively subdued levels relative to a year ago. This month, few consumers spontaneously mentioned the recent events at the Bureau of Labor Statistics and the Federal Reserve (interviews closed on Monday, August 25, the day Trump announced he was firing Governor Cook). After plunging back to reality for two months, inflation expectations rebounded higher in August (though ended the month lower than preliminary data) with year-ahead

    The Trump family crypto empire looks to Asia: Eric Trump talks Bitcoin in Hong Kong

    From cnbc.com|Aug 29, 2025

    Eric Trump said Friday he is certain bitcoin will eventually hit a $1 million valuation as he spoke at a Hong Kong conference, marking the first of a series of Asian crypto events ...

    US core inflation rate rose to 2.9% in July, as expected, key Fed measure shows

    From cnbc.com|Aug 29, 2025|2 comments

    Inflation edged higher in July, according to the Federal Reserve’s preferred inflation measure, indicating that President Donald Trump’s tariffs are weaning their way through the ...

  • Story Stats

  • Related Stories