Posted on 09/13/2025 2:41:18 AM PDT by Libloather
WASHINGTON — Federal Reserve board member Lisa Cook should be banned from the central bank’s upcoming meeting later this month after a Trump official got her “dead to rights” on allegations of mortgage fraud, former Trump economic adviser Larry Kudlow told “Pod Force One.”
“I mean, she doesn’t understand it, but she’s been fired,” Kudlow claimed to The Post’s Miranda Devine on the latest episode, out now. “…. She’s been fired for these allegations. The court doesn’t have to prove her guilty or not, by the way. If the president fires you, you’re fired.
“The President appoints Federal Reserve governors,” affirmed Kudlow, the former director of the National Economic Council. “He appoints them with the confirmation of the Senate; therefore, he should be able to fire them.”
“You know, people have her dead to rights on the mortgage fraud. But even putting that aside, she should not be permitted to go into the building,” the Fox Business Network host added.
Cook sued Trump in DC Aug. 28 to prevent her firing, and a federal judge granted a preliminary injunction late Tuesday keeping her in office.
Federal Housing Finance Agency Director Bill Pulte prompted Cook’s sacking after alleging she had claimed primary-residence status on two properties — one in Georgia; the other in Michigan — in order to obtain more favorable loan terms.
(Excerpt) Read more at nypost.com ...
Where is Jerome Powell ?
He should have fired her.
By letting her stay, he is saying loudly and clearly that character, honesty and integrity are NOT required to serve on the Fed.
Those who have allowed, or ENCOURAGED, her to stay
after firing should themselves be fired,
then tried and jailed.
It’s not as simple as you might initially think.
This is a possibility:
Cambridge place - secondary residence
Michigan place - long-standing primary residence
Atlanta place - intended future primary residence
***********
A lot of people would like to get out of ‘rat-infested Michigan, including black folks.
It matters what her intentions were. It would take an investigation to find out for sure.
She had a job in Michigan with a long commute. She might have hated the job or the commute, had a nasty boss or awful students.
She might have been in a relationship with an Atlanta area man that didn’t work out. She might have older relatives in Atlanta that she might within a few years have help to care for.
She might have bought the Atlanta place to lock in a cheap mortgage rate even if she wouldn’t be able to move in for say two years.
She might have fully intended to comply with the terms of the mortgages and explained her situation to the lending officers. Her mortgage dealings would amount to contract breaches and not mortgage fraud.
***********
One of my neighbors had a job in the Boston area. He bought a house in Florida as he had relatives here and wanted a house he could afford. He kept his Boston area job for about two years and lived with family up north when doing part of the job up north and down here when he could work remotely.
He eventually got a near 100% remote job so he could live and do his work here in Florida.
**********
Mortgage companies could do what my friend’s co-op does. The co-op gets 10% of the rent the first 12 months, 20% of the rent the second 12 months, 30%....
The mortgage company could alternately increase the interest by one-tenth the first 12 months of rental occupancy,....
The percentage might reset after a certain number of months of primary residence usage.
She’s probably likely to vote to lower interest rates as Trump would like.
The Trump Organization probably has well over $100 million in mortgages. Personally, I think Trump should recuse himself from Fed appointments.
CD Granny is quite likely white. Mortgagors are more likely to be people of color.
Where did she vote? Where did she pay state income tax? Where did she have a drivers license?
Jerome Powell is called “too late” for a reason. I’m still surprised he hasn’t been flred.
Former Trump economic adviser Larry Kudlow: “Biden’s Federal Reserve box checker, Lisa Cook, should be banned from the central bank’s upcoming meeting after a Trump official got her dead to rights on allegations of mortgage fraud.....she doesn’t understand it, but she’s been fired.”
I looked up Powell’s power....he can’t fire anyone of the governor staff....just Fed lower ranking.
“Where did she vote? Where did she pay state income tax? Where did she have a drivers license?”
Probably, Michigan.
People in England bought retirement homes a decade or more in advance.
People used to buy a Florida lot for a retirement home a decade or more in advance.
My neighbor to the southeast had his mother living about five years in the house he is now living in. It is my understanding that the house is mortgaged.
My neighbors to the west had one of their mothers living in it for about two years before they moved in themselves.
A few people shouldn’t be able to decide to cut the interest incomes of tens of millions of old folks.
My mom got about one-third of her retirement income from CD interest.
The Federal Reserve needs operational reforms.
The rate banks pay and get on their reserves should be decided by a stock market like system.
The rate of money creation might be population-based monetary demand growth plus 2% for inflation.
Population-based monetary demand growth might be average yearly USA population growth 25-35 years ago to reflect the number of Americans in their prime buying years.
Another way of figuring good-reason monetary demand might be mortgage growth plus a percentage of Social Security system revenue.
The Trump Organization almost certainly has massive mortgages, and Donald Trump would have no reason to suspect otherwise. Donald Trump has a conflict of interest in appointing Federal Reserve governors.
The Federal Reserve should only be able to lend out money:
1. at premium rates that grow over time, and
2. only to financially sound banks and governments.
Interest rates should normally be set by market systems.
WIKI
Cook was previously a professor of economics and international relations at Michigan State University and a member of the American Economic Association’s Executive Committee. An authority on international economics, especially the Russian economy, she has been involved in advising policymakers from the Obama Administration to the Nigerian and Rwandan governments. Her research is at the intersection of macroeconomics and economic history, with recent work in African-American history and innovation economics. Cook is regarded as one of the few prominent black female economists and has attracted attention within academia for her efforts in mentoring black women and advocating for their inclusion in the field of economics.
On January 14, 2022, Joe Biden nominated Cook to serve as Federal Reserve governor; she was confirmed by the U.S. Senate on May 10 after a 50–50 vote was broken by a tie breaker vote by Kamala Harris, and took office on May 23, 2022.
Cook, born 1964, is one of three daughters of Baptist hospital chaplain Payton B. Cook and Georgia College professor of nursing Mary Murray Cook, and was raised in Milledgeville, Georgia. As a child, she was involved in desegregating schools in Georgia, and still has physical scars from being attacked by segregationists when she enrolled in a formerly white school. She is a cousin of chemist Percy Julian, the first African American to head a major corporate laboratory.
She earned a B.A. in Physics and Philosophy (magna cum laude) from Spelman College in 1986, where she was named a Harry S. Truman Scholar. She proceeded to St Hilda’s College, Oxford, as Spelman’s first Marshall Scholar where she earned another B.A. in Philosophy, politics and economics in 1988. She took courses towards a master’s degree in philosophy at Cheikh Anta Diop University in Senegal. After a mountain climbing trip on Mount Kilimanjaro with an economist, Cook began to seriously consider pursuing a PhD in economics. She temporarily used a wheelchair due to a car accident, when she entered graduate school. Cook earned a PhD in economics from the University of California, Berkeley, in 1997 under the guidance of Barry Eichengreen and David Romer. Her dissertation focused on the underdevelopment of the banking system in czarist and post-Soviet Russia.
Cook was a visiting assistant professor at the Kennedy School of Government at Harvard University and Harvard Business School from 1997 to 2002, where she was deputy director of Africa Research at Harvard’s Center for International Development. From 2000 to 2001, she was a senior advisor on finance and development at the U.S. Treasury Department as a Council on Foreign Relations International Affairs Fellow. She was a National Fellow and Research Fellow at the Hoover Institution of Stanford University from 2002 to 2005. Cook advised the Nigerian government on its banking reforms in 2005, and the government of Rwanda on economic development. In 2005, Cook joined Michigan State University as an assistant professor, becoming a tenured associate professor in 2013. She served as a Senior Economist in the Obama Administration’s Council of Economic Advisers from August 2011 to August 2012.
In November 2020, Cook was named a volunteer member of the Joe Biden presidential transition Agency Review Team to support transition efforts related to the Federal Reserve.
In 2021, Senator Sherrod Brown reportedly pushed the Biden Administration to nominate Cook to serve on the Federal Reserve Board of Governors. President Biden officially nominated Cook to be a member of the Board of Governors on January 14, 2022. She is the first black woman on the Federal Reserve’s board.
Hearings were held on Cook’s nomination before the Senate Banking Committee on February 3, 2022. On March 16, 2022, the committee deadlocked on Cook’s nomination in a party-line vote, forcing the entire Senate to move to discharge her nomination out of the committee. On March 29, 2022, the United States Senate discharged her nomination from the Senate Banking Committee by a 50–49 vote. On April 26, 2022, the Senate attempted to invoke cloture on her nomination, but it was not agreed to by a 47–51 vote because Senators Chris Murphy and Ron Wyden contracted COVID-19 and were unable to vote. No Senate Republican voted for her, characterizing her as unqualified and a left-wing extremist. On May 10, 2022, the Senate confirmed her nomination by a 51–50 vote, with Vice President Kamala Harris casting the tie-breaking vote, after cloture was invoked on her nomination by a 50–49 vote.
In May 2023, Biden nominated Cook for a full 14-year term. Her nomination was confirmed by the Senate on September 6, 2023, by a 51–47 vote.
https://en.wikipedia.org/wiki/Lisa_Cook
The news services don’t like to be quoted for FR posts.
The allegation by Pulte was not true.
> It’s not as simple as you might initially think.<
Yes it is. That’s why they have refinancing. That’s what I did to comply with the law.
I’d also like to know if she was claiming homestead in both places.
EC
The sacared and worshipped “DEI Queens of the Ghettopotomai”
Only an insane communist would want such evil creatures ruling over them....
Sanity would dicdtate that they not be anywhere near the “levers of power” of anything, especially government....
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