When the job report comes out on Friday, we hope that the Bureau or Labor Statistics will deduct a job from the government, namely the former Governor of Federal Reserve Lisa Cook. She was fired by her boss, President Donald J. Trump, although for some reason she refuses to accept this.
In the termination letter to cook, Mr. Trump noted a criminal reference against Cook submitted by the head of the federal housing financing agency, Bill Pulte. In his letter, Mr Trump said: “There is sufficient reason to believe that you may have made false statements about one or more mortgage agreements. As detailed in the criminal reference, for example, you signed a document that would be a property in Michigan in Michigan would be your primary home for the following year. It is not aware of the next year.
Mr. Trump continued in his letter: “In the light of your deceptive and potentially criminal behavior in a financial issue, they cannot and I do not have so much trust in your integrity. At least the behavior shows the kind of gross negligence in financial transactions that question your competence and reliability as a financial regulator.”
In my opinion, the evidence behind the allegations of mortgage fraud in Michigan, Atlanta, GA and Cambridge, Ma is overwhelming. One of the offers has been circulating online for several weeks. We have seen it all. That is why I believe that Mrs. Cook wastes everyone’s time by specifying legal smoke screens in court.
The American interior secretary Doug Burgum agrees with ‘Kudlow’ to discuss the sanctions of the former Biden government against Alaska, the winning energy policy of President Donald Trump and more.
She begs that President Trump has not shown enough “cause” to fire her (hat tip to Byron York). But since the Federal Reserve Act has never defined “cause”, it is for me President Trump who defines what is “cause”. I would have the same picture, even if the 1913 legislation was perhaps clear. But it should really be chief executive.
In fact, we learned that she knew everything about the so-called mortgage fraud in advance and told to the Biden people when she was nominated, screened and then confirmed to the Fed in 2022. But the bid chose to overlook it and get it through her senate confirmation, a 49-49-signal game.
Because Mrs. Cook lied about her primary home and these other things, she was able to get a preferential treatment about interest rates that were not available to ordinary Americans who play according to the rules and are not on their mortgage applications. Mrs. Cook is now doing enormous damage to the Federal Reserve due to her public uprising against the increasing accusations. Jay Powell should indeed have suspended her a few weeks ago, as he has in various other cases. But of course Powell always lacks backbone.
The last defense of Cook is that these mortgage lifters were committed before Shewent for the Fed. This is completely nonsense.
Normally the control process includes many previous years of different income, job and contract histories. Her lies that were apparently accepted by the bids speak volumes about their lack of integrity. She should have been disqualified from the start. Look now, I can continue with her lack of monetary references. Or the fact that she was very awake.
But the reality here, the important point here, she was fired from her work by the chief executive of the nation. It should certainly not be allowed back in the FED building. And she is certainly not allowed to attend the next FOMC meeting in two weeks. Of course they can of course vote during that meeting.
