Trump removes Federal Reserve Governor Lisa Cook from office, citing fraud allegations

[John Edgar Slow Horses]

You managed to collect thumbs down yet for me I got thumbs up.

That's because your MAGA are upside down and wrong side up and inside out.

 

[skews13]

Good! The statute seems to give him this authority.

More importantly, the Federal Reserve is part of which branch? It certainly isn't its own branch, as the Constitution has not been amended.

Here we go! Fasten your seatbelts.

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President Donald Trump ousted Federal Reserve Governor Lisa Cook on Monday, alleging she lied on mortgage forms by declaring two primary residences.​

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In a letter to Cook, Trump said the Federal Reserve Act provides that she can be removed at his discretion.​

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"As set forth in the Criminal Referral dated August 15, 2025, from Mr. William J. Pulte, Director of the Federal Housing Finance Agency, to Ms. Pamela Bondi, Attorney General of the United States…there is sufficient reason to believe you may have made false statements on one or more mortgage agreements," Trump wrote. "For example, as detailed in the Criminal Referral, you signed one document attesting that a property in Michigan would be your primary residence for the next year.​

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"Two weeks later, you signed another document for a property in Georgia stating that it would be your primary residence for the next year," Trump continued. "It is inconceivable that you were not aware of your first commitment when making the second. It is impossible that you intended to honor both."​

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Trump removes Federal Reserve Governor Lisa Cook from office, citing fraud allegations

President Trump removed Federal Reserve Governor Lisa Cook in historic first, citing alleged false statements on mortgage documents for two primary residences.

www.foxbusiness.com

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He has no such authority, and she hasn't been removed.

Thread fail.

 

[M14 Shooter]

He has no such authority,

He does. The law says so.

and she hasn't been removed.

This will, of course, work itself out in the courts -- and she will lose.

Thread fail.

No. You fail.

 

[John Edgar Slow Horses]

The Fed is semi-privatized to prevent the executive from controlling it for political purposes. It's as if the congress and the states could see a Donald Trump or a Huey Long coming down the pike.

I think the President can fire for cause, but not for allegations or "I want to."

 

[Toddsterpatriot]

Lisa Cook has not denied that she lied on two loan applications. From our Treasury Secty this morning:

“There are two kinds of people — there are people who think that President Trump is putting undue pressure on the Fed, and there are people like President Trump and myself who think that if a Fed official committed mortgage fraud, that this should be examined, and that they shouldn’t be serving as one of the nation’s leading financial regulators,” he said. “And what we haven’t heard from Miss Cook is we haven’t heard her say ‘I didn’t do it.’ We haven’t her say ‘I didn’t do it.'”

He continued, “She keeps saying the president can’t remove her. The other thing too, I have called in the recent past for an internal review of all the Fed’s operations, and I have encouraged Chair Powell to do this on an internal basis before there is an external review and this is the kind of thing that needs to be addressed because the Fed is an unaccountable institution and its relationship with the American people depends on a high level of trust. And incidents like this puncture that trust, so President Trump is trying to make sure that anyone who serves at this institution has the trust of the American people.”

Bessent on Fed Governor Lisa Cook's Alleged Mortgage Fraud: We Haven't Heard Her Say 'I Didn't Do It'

Wednesday on FBN's "Mornings with Maria," Treasury Secretary Scott Bessent discussed the Trump administration's firing of Federal Reserve Governor Lisa Cook and its handling of the Federal Reserve in general. | Clips

www.breitbart.com

In addition to firing Lisa I would support an audit of the Fed. Its never been done and its way past about time.

https://www.federalreserve.gov/aboutthefed/files/combinedfinstmt2024.pdf

Except for the audits they release every year.

 

[John Edgar Slow Horses]

She denied any intent.

 

[Toddsterpatriot]

She denied any intent.

Hillary didn't intend to violate the law by keeping classified info on her private server.
That's still a violation of the law.

 

[John Edgar Slow Horses]

Hillary didn't intend to violate the law by keeping classified info on her private server.
That's still a violation of the law.

such a poor deflection

try again

 

[Delldude]

tRump's legal issues are his own doing.

Doesn't look that way.........

"Show me the man and I will find you the crime."

Joseph Stalin*Lavrentiy Beria, the most ruthless and longest-serving secret police chief in Joseph Stalin’s reign of terror in Russia and Eastern Europe, bragged that he could prove criminal conduct on anyone. -

Oxford

 

[Toddsterpatriot]

such a poor deflection

try again

Hillary was ok to break the law because she didn't intend or was too stupid to realize? DURR

 

[John Edgar Slow Horses]

Hillary was ok to break the law because she didn't intend or was too stupid to realize? DURR

Not comparable. Try again.

 

[Toddsterpatriot]

Not comparable. Try again.

Exactly! Hillary should have done prison time for her crime.
Cook should resign, pay a penalty and slink away.

 

[John Edgar Slow Horses]

Exactly! Hillary should have done prison time for her crime.
Cook should resign, pay a penalty and slink away.

That's your silly opinion, yes.

 

[Robert W]

The Fed is semi-privatized to prevent the executive from controlling it for political purposes. It's as if the congress and the states could see a Donald Trump or a Huey Long coming down the pike.

I think the President can fire for cause, but not for allegations or "I want to."

I checked her education background, and she has a very solid education. Her problem is claimed over her story about two houses she owns claiming she lives fulltime in each.

 

[Robert W]

That's your silly opinion, yes.

How long can she hang on after misrepresenting to two lenders?

 

[John Edgar Slow Horses]

How long can she hang on after misrepresenting to two lenders?

Another allegation. Leave it to the professional, Robert W.

 

[struth]

Another allegation. Leave it to the professional, Robert W.

How many primary residences do you think she can have?

It’s not just the lenders she screwed but the state and localities that give a better property tax rate

Mortgage fraud is basically tax fraud as well

Seems like everyone associated with the Biden admin had their hands in that

 

[SweetTea]

That's not even remotely close to true and you know it.

Yes, it is well known that Democrats are idealistic, as are the majority of kids. The fact that you have no self-awareness of this is an indictment of your sensibilities.

 

[Crepitus]

Doesn't look that way.........

"Show me the man and I will find you the crime."

Joseph Stalin*Lavrentiy Beria, the most ruthless and longest-serving secret police chief in Joseph Stalin’s reign of terror in Russia and Eastern Europe, bragged that he could prove criminal conduct on anyone. -

Oxford

Well not to you, of course. You are one of the brainwashing victims.

 

[Robert W]

Another allegation. Leave it to the professional, Robert W.

You believe she only defrauded one of the pair of lenders?