Posted on 08/28/2025 9:55:34 AM PDT by Red Badger
Key Points
* Federal Reserve Board Governor Lisa Cook sued to challenge her removal by President Donald Trump.
* Trump said Monday that he was firing Cook because of allegations that she committed mortgage fraud.
* Critics say that the move undermines the independence of the Fed, which sets key interest rates that affect mortgage rates and other debt rates.
* The case was assigned to Judge Jia Cobb, who was appointed to the federal bench by former President Joe Biden.
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A judge set a hearing for Friday morning on Federal Reserve Board Governor Lisa Cook’s request to block President Donald Trump from firing her.
The hearing was scheduled hours after Cook filed a lawsuit against Trump challenging his unprecedented attempt to remove her from the central bank’s board of governors.
The suit, filed in federal court in Washington, D.C., also names Fed Chairman Jerome Powell and the board itself as defendants.
Cook’s lawsuit is likely to end up being decided by the Supreme Court.
The case has been assigned to Judge Jia Cobb, who was appointed to the federal bench in late 2021 by former President Joe Biden.
Friday’s hearing on Cook’s bid to temporarily block her removal while her case proceeds is set for 10 a.m. ET.
(Excerpt) Read more at cnbc.com ...
She gets waited on right away!
The central bank system, meaning the FRAUDULENT Federal Reserve, is the number one cause of all our country’s problems.
And the problems of the entire world.
“The central bank system, meaning the FRAUDULENT Federal Reserve, is the number one cause of all our country’s problems.”
Nope.
The Obama/Biden handlers are.
They sure do have a quick turn around time when they want to stop Trump, don’t they?
I'd point more to the shadowy BIS, rather than the FED. FWIW, Powell has a role in both.
THe text is a bit confusing as to who is suing who. It lists as a suit brought by Cook, yet says the bd of Governors and Powell are listed as defendants, as opposed to plaintiffs like Cook.
I assume the appellate paperwork has already been prepared for filing shortly after this initial sham hearing.
For Cause does not necessarily specify for legal cause? Reversed on appeal?
Who are the [Obama-Biden] handlers?
Define darkness.
Who are the [Federal Reserve] handlers?
Define evil.
DARK TO LIGHT
“ ….that she committed mortgage fraud.
….the Fed, which sets key interest rates that affect mortgage rates and other debt rates.”
Another easy 80/20 issue that the deMS/13s will choose the wrong side.
At one time we owned 4 homes. Silly me. We should have claimed primary residence in all 4 for a lower interest rate and homesteaded all 4.
EC
Who are the [Obama-Biden] handlers?
Define evil.
Who are the [Federal Reserve] handlers?
Define darkness.
Since she replaced Judge Sullivan, zero sum gain. Sullivan had just become a complete nut job. He was behind the Flynn flamm.
9 appeals court judges, mostly democrat nominated.
Two vacancies (wtf?!)
When the [Federal Reserve] is absorbed into the U.S. Treasury and Trump has his people running the operation, the world of currency and finance will be like never before.
If the Fed is completely independent, who, who doesn’t work there, can fire anyone who works there?
I seriously question politicians and bureaucrats who have worked six figured salaries for the government their entire lives, that then buy homes with the need for a mortgage? Haven’t they taken enough money from the taxpayer? Do they really need to access federally guaranteed housing loan markets?
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