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

[Sherlock Holmes]

Look at you, pussying out, like you always do.
Why can't you address the questions?
Why do yo believe "for cause" requires a conviction?

So that we can be assured she's not being fired maliciously.

Why do you believe Democrats are above the law?

 

[WelfareQueen]

An allegation has been made, Nothing else.

But that’s enough for Trump’s bigots.

Nope. The documents she signed off on have been posted. Definite fraud. ***** needs to be in jail.

 

[dudmuck]

This is a governor, not the chairman. The president is within his authority to remove governors in accordance with the law.

she is not stepping down.

 

[SassyIrishLass]

Nope. The documents she signed off on have been posted. Definite fraud. ***** needs to be in jail.

Uh oh

 

[Marener]

Nope. The documents she signed off on have been posted. Definite fraud. ***** needs to be in jail.

We all know this has nothing to do with the law.

This never would have come up if she had voted the way Trump wants.

 

[Sherlock Holmes]

Nope. The documents she signed off on have been posted. Definite fraud. ***** needs to be in jail.

Why? why have they been posted? Answer propaganda - wake up idiots. She may well sue the government for damages.

 

[Sherlock Holmes]

Welcome to the new America - trial by twitter.

 

[theHawk]

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.

​

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.​

​

"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.​

​

"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."​

​

...​

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

​

These board members are appointed to a ridiculous 14 year term.

The Fed is so freakin’ absurd.

Abolish the Fed.

 

[M14 Shooter]

View attachment 1154536

Still running away from the hard questions, eh *****?
Why can't you address the questions?
Why do you believe "for cause" requires a conviction?
Why do you believe Democrats are above the law?

 

[Sherlock Holmes]

These board members are appointed to a ridiculous 14 year term.

What's up with your face today? you've never had a job that lasted more than one year and trump's never had a job at all.

The Fed is so freakin’ absurd.

Abolish the Fed.

Like all the other third world dictatorships did.

 

[M14 Shooter]

Nope. The documents she signed off on have been posted. Definite fraud. ***** needs to be in jail.

He, like the good partisan bigot he is, believes Democrats are above the law.

 

[SweetTea]

He does not have the legal authority to remove her.

President Biden appointed her. Why can't President Trump remove her for cause?

 

[SweetTea]

But he didn't ignore it. That's a right wing talking point meant to mislead the poorly informed.

He skirted it.

 

[theHawk]

What's up with your face today? you've never had a job that lasted more than one year and trump's never had a job at all

Huh?

I’ve had a job for over 20 years.

Trump is a self made billionaire, but he’s never “had a job”?

You people really are delusional. Seek help and find reality.

 

[SweetTea]

It's become 100% clear that paying fealty to Trump is the way to succeed in business in this country.

That's the kind of authoritarianism that we are living under. Everyone knows it. Some of us can't admit it.

Again, I don't feel threatened in any way. I am doing much better under Trump than under Biden, as is the country as a whole. Sorry you don't like that.

 

[Sherlock Holmes]

President Biden appointed her. Why can't President Trump remove her for cause?

Trump appointed the chair of the Fed but he can't fire him either.

 

[Marener]

He skirted it.

Not at all. He changed his approach meaningfully to make it comply with existing law and SCOTUS precedent.

That's how it works.

 

[WelfareQueen]

We all know this has nothing to do with the law.

This never would have come up if she had voted the way Trump wants.

No One Is Above the Law! Amiright?

 

[SweetTea]

Listen to all the excited magats this morning, its so obvious they are all parotting the same drivel they heard on FOX this morning from the FOX "legal experts".

The "experts" you guys rely on are wrong quite frequently. Most of them let their ideology rule their thoughts.

 

[SweetTea]

This is clearly pretextual.

Maybe, but at the same time, why ignore these studies in the name of a woefully inefficient, as compared to alternatives, endeavor?