The Morning Rant: Mortgage Fraud Is The New "Resistance!"

Lisa Cook is a leftist hack who espouses political positions that are antithetical to the political philosophy on which our country is based. That her nomination got out of committee, much less confirmed, is a testament to how broken the United States Senate truly is. How could they confirm someone for a supposedly non-partisan position who is so obviously partisan?

Vomit inducing? Yes. Worthy of termination for cause? That is less clear.

But she is also a liar and a crook, and for that she should be fired. If the director of the Federal Housing Finance Agency has the evidence he cites, then she is guilty! And even if she isn't technically guilty (which seems improbable), what she did is unbecoming of a senior official of the Federal Reserve, and she should resign out of embarrassment!

Trump Fires Federal Reserve Governor Lisa Cook

In his letter to Cook, posted on Truth Social, Trump said that there was cause to remove Cook because of a criminal referral related to alleged false statements on mortgage documents.

“In light of your deceitful and potentially criminal conduct in a financial matter, [the American people] cannot and I do not have such confidence in your integrity,” wrote Trump in the letter.

Following Trump’s announcement, Cook said she will not resign and will continue to carry out her duties. “President Trump purported to fire me ‘for cause’ when no cause exists under the law, and he has no authority to do so,” she said in a statement.

Her lawyer Abbe David Lowell said Trump’s demands lacked proper process, basis, or legal authority, and “we will take whatever actions are needed to prevent his attempted illegal action.”

I am a little disappointed that she didn't play the race card, but I imagine that is coming soon.

Donald Trump didn't fire her because of political or policy differences. He fired he because she violated the trust of the American people. That is an entirely appropriate reason, and should have been unexceptional, except for the stupidity and pretense of the Fed's independence.

Hopefully the Republican hold on the senate after the 2026 election is strong enough that real reform can occur, and changing the Federal Reserve's governance is high up on my list. It won't happen, because the Republican party is a fundamentally cowardly organization that is terrified of substantive change, but making the governors of the Federal Reserve clearly answerable is a good idea.

[Crossposted at CutJibNewsletter and X/Twitter]. If you folks who are on X/Twitter would follow us it would be much appreciated!

posted by CBD at 11:00 AM

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