🚨BREAKING: Trump just FIRED Federal Reserve Governor Lisa Cook over mortgage fraud allegations.
Cook says she’ll sue. Trump says: “I’m always ready for a legal fight.”
This is a cage match. Get out your popcorn. 🍿
Thread 🧵👇
Cook says she’ll sue. Trump says: “I’m always ready for a legal fight.”
This is a cage match. Get out your popcorn. 🍿
Thread 🧵👇
2/ Lisa Cook was appointed by Biden in 2022. She was the first Black woman to serve on the Fed Board.
Her term was supposed to last until 2038.
But Trump just ended it early — citing accusations of falsifying bank documents to get better mortgage deals.
Her term was supposed to last until 2038.
But Trump just ended it early — citing accusations of falsifying bank documents to get better mortgage deals.
3/ The allegations came straight from the Director of the Federal Housing Finance Agency
👉 He says Cook claimed two primary residences in 2021 (Ann Arbor & Atlanta) to secure more favorable mortgage terms.
👉 He sent a criminal referral to DOJ on Aug. 15.
👉 He says Cook claimed two primary residences in 2021 (Ann Arbor & Atlanta) to secure more favorable mortgage terms.
👉 He sent a criminal referral to DOJ on Aug. 15.
4/ Trump didn’t mince words:
“She seems to have had an infraction. And you can’t have that — especially when you’re in charge of mortgages. We need people 100% above board. And it doesn’t seem like she was.”
Finally: a President who demands integrity in government.
“She seems to have had an infraction. And you can’t have that — especially when you’re in charge of mortgages. We need people 100% above board. And it doesn’t seem like she was.”
Finally: a President who demands integrity in government.
5/ Cook has denied everything.
Her lawyer Abbe Lowell (yes, Hunter Biden’s lawyer) says Trump has “no legal authority” to remove her.
They promise to fight in court.
The Fed itself says it will “abide by any court decision.”
Her lawyer Abbe Lowell (yes, Hunter Biden’s lawyer) says Trump has “no legal authority” to remove her.
They promise to fight in court.
The Fed itself says it will “abide by any court decision.”
6/ This raises a HUGE constitutional question:
🟥 Can a president fire a Fed governor?
🟦 Or is the Fed truly “independent” and untouchable?
And what part of the Constitution would permit that?
Democrats say Trump’s move is illegal. Trump says fraud = for-cause fired.
🟥 Can a president fire a Fed governor?
🟦 Or is the Fed truly “independent” and untouchable?
And what part of the Constitution would permit that?
Democrats say Trump’s move is illegal. Trump says fraud = for-cause fired.
7/ But here’s what Democrats really care about:
Cook’s ouster gives Trump another Fed seat to fill.
That means Trump gets to put someone who shares his vision for:
Lower interest rates 💵
Economic growth 📈
Putting America First 🇺🇸
Dems LOVE their politicized Fed.
Cook’s ouster gives Trump another Fed seat to fill.
That means Trump gets to put someone who shares his vision for:
Lower interest rates 💵
Economic growth 📈
Putting America First 🇺🇸
Dems LOVE their politicized Fed.
8/ Isn't it time we expected a higher standard of government officials?
Democrats say no.
That's the choice, America, plain and simple.
Democrats say no.
That's the choice, America, plain and simple.
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