BREAKING: President Trump Fires Biden-Appointed Federal Reserve Governor Lisa Cook Amid Mortgage Fraud Allegations

Gateway Pundit ^ | August 25, 2025 | Cristina Laila

[Does so]

The Libs use “POC”.

(People of Color).

[woodpusher]

Prima facie evidence does not speak for itself and eliminate the need for judicial procedures. Does innocent until proven guilty no longer apply? Has due process been reduced to a no-notice mean tweet? Do the Fed Governors enjoy less protection than a union GS-4 or PS-4 civil service worker?

[woodpusher]

He can fire her for ANY reason. HE ALREADY DID!

That nonsense works about as well as removing (deporting) Abrego Garcia to El Salvador. As predicted, he is back in the United States. As predicted, he is in Maryland, not Tennessee.

A lawsuit is coming and the court will sort it out, just as they sorted out the nonsense of the Executive branch suing the Judicial branch (15 judges). Some of this nonsense they can't even get by a Trump-appointed judge.

[Political Junkie Too]

You wrote "Cause" could be inefficiency, neglect of duty, or malfeasance in office."

Those are not criminal charges; why are you applying a criminal standard? What trial will determine that she's guilty of inefficiency?

What is malfeasance? What is the sentence for being found guilty of malfeasance?

We're talking about losing one's job; people get fired from jobs all the time and never go to trial to prove "cause" before accepting they were fired. What makes this situation different?

In my company, there have been cases of theft where, say, a receiving dock worker conspired with an ordering manager to remove parts before they were logged as received, and they would sell those parts privately. When the company found out, they had the records to prove the scheme. They fired the workers and referred them to the police for criminal charges.

By your logic, the company should have been forced to keep them on the payroll until the trial resulted in a conviction before terminating them.

Firing was immediate. If the trial resulted in a not guilty verdict, I suppose they could sue for wrongful termination and back wages, but the termination happened.

Why doesn't the same apply to this situation? She's presented with two mortgage documents where one of them is fraudulent because she can have only one primary residence. As a government employee in a high profile role, that's malfeasance - terminate her for cause and refer her to the appropriate federal agencies for charges.

The conditions that you cited don't say "on conviction in a court of law..."

-PJ

[gleeaikin]

Sometimes a person needs to get a first and a second mortgage to finance a property purchase. My husband and I did that to buy our first home. I think they may have had different percentage rates as well, and we paid off one before the other. This was back in the 1960s.

Obviously these were for the same primary residence for us both. I don’t know what made her mortgage situation questionable, but so far as I know it is legal for one to seek out the best interest rates legally available for buying property. Also if one has two mortgages with different rates, one can make extra payments on the one with the higher rate and get it paid off faster. I did this getting credit cards with a one year very low percentage rate, and using that credit to pay off a high rate mortgage. When that low rate ended I got another credit card with a very low short term rate, and stopped using the card with the now high rate. I made monthly repayments on the card while that interest was low and made sure to have it paid down to zero when the high rate began.

[reasonisfaith]

There is only one way firing is done. It’s when the employer makes the decision in his mind. The rest is mere process.

[ViLaLuz]

Ha ha ha!!

[HollyB]

Megyn Kelly said the same thing . Thank God we have a POTUS who is not intimidated by a potential rent a mob waiting to pounce.
Trump has a job to do and is results driven and the results are definitely not based on checking off demographic boxes.

[glennaro]

Characterizing the word "colored" as a perjorative puts you at odds with the NAACP. You don't want to appear "racist" now, do you?
Besides, we already have a "C-word", although that arguably applies to this topic.

[Fury]

All depends on how it was used.

In the case of this thread it was initially used by someone who did not use it in an endearing way, and who is supportive of racial segregation, reduced rights for black Americans, etc.

[glennaro]

Point taken, Fury.
Cheers!

[Elsie]

How would you re-write it to get the point across in an acceptable way?

[Fury]

What point are you referring to?

[EVO X]

Why doesn't the same apply to this situation? She's presented with two mortgage documents where one of them is fraudulent because she can have only one primary residence. As a government employee in a high profile role, that's malfeasance - terminate her for cause and refer her to the appropriate federal agencies for charges.

I agree. This lady's position required Senate confirmation. Although the alleged mortgage fraud occurred about a year before she was confirmed, it is directly related to bank regulations the Fed oversees. Did she fudge other financial discloser documents before and after being confirmed? It was a tight confirmation vote. They needed VP Harris to cast the tie breaking vote. If the mortgage issues had been known before hand, I doubt a vote would have even been taken.

Well over a decade ago we had a shop supervisor and his employee get fired for funneling out of town university related work to his home business. The employee spent about half the time split between the university shop and his boss's business. Both people were fired immediately. The department brought back a retired employee to run the shop until permanent replacements could be hired. I never did hear what happened to them because it took months to do a thorough investigation before I retired.