Prominent economists are rallying behind Federal Reserve Governor Lisa Cook after President Donald Trump moved to fire her based on allegations that she committed mortgage fraud.
Nearly 600 economists have signed an open letter backing Cook, saying there is a high bar for removing Fed governors and that elected officials should refrain from actions and rhetoric that erode the central bank’s independence.
The letter, released Tuesday, included signatures from Nobel laureates Claudia Goldin and Paul Romer. It was also signed by Christina Romer — who served as chair of President Barack Obama’s Council of Economic Advisers — and Trevon Logan, an Ohio State University professor who has co-authored papers with Cook.
The letter is here.
Incidentally, Politico reports today that Labor Secretary Lori Chavez-DeRemer received two primary residence mortgages at the same time in 2021 like Lisa Cook.
And then there is Transportation Secretary Sean Duffy who got two primary residence mortgages.
And then there is EPA administrator Lee Zeldin who got two primary residence mortgages.
Apparently having two primary residences isn’t a crime.
On the other hand there is Texas Attorney General Ken Paxton who has three primary residence mortgages — two of which are rentals, which really is mortgage fraud. And to top it off he claimed two for the Texas homestead property tax exemption, which is also tax fraud.
So far Bill Pulte has seen fit only to snoop through FHFA records for Democrats.
If Lisa Cook or Adam Schiff or Leticia James committed crimes, where are the indictments? Remember that Trump spent 8 years claiming he had proof that Obama was born in Kenya. Don’t believe anything he says that you can’t verify with your own eyes.
It’s not a crime when a Republican does it. I can prove it.
The Supreme Court has ruled that the felon-in-chief cannot be prosecuted for any act he commits in the exercise of his official duties. Un a legal system in ehich innocence is presumed, not prosecutable means no crime.
The felon has blended his personal business interests with his official duties and no court has yet found against him, nor, as far as I can tell, has any prosecutor brought charges. No prosecution means no conviction means no crime.
All of the felon’s minions invoke his name (no caps for “his name” yet, but give it time) whenever they do anything shady (murderimg Venezuelan sailors, violating the posse comitatus law, ignoring – or being ignorant of – habeus corpus, ignoring the separation of powers…), so by the transitive property of presidential impunity, no crime. QED.
But only for Republicans, and only those who kiss the ring just right.
cnbc just reported that kugler may have resigned abruptly in august due to pressure from similar issues with two mortgages. I consider such behavior blackmail. there is no way criminal indictments would occur, but who cares if your good name is drug through the mud? Lisa Cook should come out and say she will resign if everybody in the trump administration sitting under similar mortgages irregularities also resign.
Sorry, credit for the mortgage investigation above should go to ProPublica, not the execrable Politico. My bad.