That is code for being black. And how many people have signed off on bad mortgages for Trump? Didn’t New York just win a lawsuit about that very issue.

I believe that it was applying to mortgages just a couple of weeks apart in two different states, while declaring that both were going to be her principal residence.

The problem here is that it's just an allegation at this point that DOJ is reportedly investigating. While the president has the power to remove fed governors for cause... I think he has to wait for her to be at least indicted.

I don't think this is the end of this saga.

And basically she could have "changed" her mind the day after the initial closing. If they try and litigate the government would have the burden to prove beyond a doubt that action was fraud. She really doesn't have to prove much of anything unless they make a serious enough claim and her attorneys wish to fight.

You have to sign again at closing - and it's highly unlikely that she settled on the first one before the second one had an application.

Even if that somehow worked out... every mortgage I've seen says that you have to move in within 60 days of closing and live there for at least a year in order to qualify. There's a sworn affidavit of occupancy signed at closing - it isn't just a checked box. 18 USC section 1014 makes it a felony.

Now - none of that has been proven to have happened in her case. But there doesn't appear to be a "I thought so at the time then changed my mind" loophole.

I hope our society starts fighting for justice and the well being of the vast majority of everyone.

My irony meter just exploded.

She will leave without a fight.

he can not.

This makes me very scared as it seems that money will continue flow upward-and upwards.


.........If Trump is ultimately successful in removing Cook, he will be able to nominate her replacement and reshape the Fed’s governing board for the next several years. Fed governors typically serve 14-year terms.

I've been hoping for a good pullback, but not due to despotism.

Dow futures are down around 35-40 points as of 10:45. A de minims drop.

Then recovered, more quickly than I would have anticipated.

rinse and repeat..........

Link to tweet

His supporters love it when he takes action against a Black Woman in a position of power.

"Trump Moves to Fire Fed’s Cook, Escalating Central Bank Attack

President Donald Trump moved to oust Federal Reserve Governor Lisa Cook following allegations from a White House ally that she falsified mortgage documents, a dramatic escalation in his battle to exert more control over the US central bank.

In a letter he posted on Truth Social Monday, Trump said he had determined he had “sufficient cause” to fire Cook, the first Black woman to serve on the Fed Board in Washington, based on the allegations that she made false statements on one or more mortgage loans. The move could give Trump another chance to name someone to the Fed board as he repeatedly pressures officials to lower interest rates.

............

It wasn’t immediately clear whether Cook intended to challenge the dismissal in the courts. If she does, she could immediately seek an injunction reinstating her while litigation moves forward. No charges have been filed against her, though a Justice Department official last week signaled possible plans to investigate her.

The Fed declined to comment. Cook didn’t immediately respond to a request for comment.

“This is a kill shot at Fed independence,” said Aaron Klein, a senior fellow at the Brookings Institution. “Trump is saying the Fed is going to do what he wants it to do, by hook or by crook.”

https://www.bloomberg.com/news/articles/2025-08-26/trump-removes-fed-governor-lisa-cook-effective-immediately?srnd=homepage-americas

"President Trump purported to fire me 'for cause' when no cause exists under the law, and he has no authority to do so. I will not resign. I will continue to carry out my duties to help the American economy as I have been doing since 2022.

Just received this statement from Lisa Cook:
"President Trump purported to fire me 'for cause' when no cause exists under the law, and he has no authority to do so. I will not resign. I will continue to carry out my duties to help the American economy as I have been doing since 2022."

— Ben Casselman (@bencasselman.bsky.social) 2025-08-26T03:02:35.802Z

At issue is an attempted White House power grab that ignores the rule of law and puts global economic stability at risk.

Why should people care about Trump’s offensive against the Fed’s Lisa Cook?

At issue is an attempted White House power grab, launched by an authoritarian president, that ignores the rule of law and puts global economic stability at risk. www.msnbc.com/rachel-maddo...

— Steve Benen (@stevebenen.com) 2025-08-26T12:52:39.622Z

Did a black woman refuse to let Trump paw her or something?

The high court majority recently went out of its way to signal its intention to protect the Federal Reserve board’s independence.

https://www.msnbc.com/deadline-white-house/deadline-legal-blog/lisa-cook-fired-federal-reserve-supreme-court-humphreys-rcna227270