Trump fires Fed governor Lisa Cook. Who in their right mind wants to lend to our government at ~4% nominal?




https://twitter.com/rev_cap/status/1960138511493025943

“Pursuant to my authority under Article II of the Constitution of the United States and the Federal Reserve Act of 1913, as amended, you are hereby removed from your position on the Board of Governors of the Federal Reserve, effective immediately,” Trump wrote in a letter posted to Truth Social on August 25. No hearing. No trial. Just a digital firing https://www.nbcnews.com/politics/white-house/trump-removing-federal-reserve-governor-lisa-cook-rcna227138.

The charge? Mortgage fraud. The source? A criminal referral from Federal Housing Authority director William Pulte, who accused Cook of “falsified bank documents and property records” after she allegedly claimed two homes — one in Michigan, one in Georgia — as her primary residence within weeks of each other. That’s not sloppy paperwork. That’s a federal crime if proven https://www.msn.com/en-us/politics/government/trump-has-accused-fed-governor-lisa-cook-of-mortgage-fraud-here-s-what-we-know/ar-AA1LbQoR