U.S. Solicitor General John Sauer has filed a motion with the Supreme Court [SEE HERE] requesting intervention in a lower court ruling that blocks President Trump from firing Federal Reserve Governor Lisa Cook.
As noted in the filing, “As her removal notice observed, before taking office, Cook had made contradictory representations in two mortgage agreements a short time apart, claiming that both a property in Michigan and a property in Georgia would simultaneously serve as her principal residence. Each mortgage agreement described the representation as material to the lender, reflecting the reality that lenders usually offer lower interest rates for principal-residence mortgages because they view such mortgages as less risky. When her apparent misconduct came to light, the President determined that Cook’s “deceitful and potentially criminal conduct in a financial matter” renders her unfit to continue serving on the Federal Reserve Board, and at a minimum demonstrates “the sort of gross negligence in financial transactions that calls into question[her] competence and trustworthiness as a financial regulator.” App., infra, 29a. To this day, Cook has never attempted to reconcile these representations.” (READ MORE)
“The Federal Reserve Act’s broad ‘for cause’ provision rules out removal for no reason at all, or for policy disagreement,” Sauer wrote. “But so long as the President identifies a cause, the determination … is within the President’s unreviewable discretion.”
“The President may reasonably determine that interest rates paid by the American people should not be set by a Governor who appears to have lied about facts material to the interest rates she secured for herself — and refuses to explain the apparent misrepresentations,” Sauer wrote.
Cook maintains she dindunuffin.
Let us hope the dindunuffin defense is going the way of the dodo.
just like I hope the democrat party goes the way of the Whigs.
They are working on it!
and her job, too
Didn’t the judge who blocked the firing make a pointed comment about there being no actual evidence
As I noted elsewhere, Democrats and their judges will try a variation of their “Hillary defense” when “intent”—not in the original law—is manufactured out of thin air.
In this case, “evidence” is something that has to be determined in a court of law…something that is nowhere stipulated in the laws that restrict the executive.
The judge who is Lisa Cook’s sorority sister?
The allegation against her seems to be false. Here is evidence from grok.
Loan summary from Bank-Fund Staff Federal Credit Union (May 2021): For the Atlanta property, it explicitly states
“Property Use: Vacation Home,”
indicating Cook disclosed it as non-primary during the application. The lender agreed in writing to the terms, per the contract’s clause (“unless Lender otherwise agrees in writing”), which real estate experts say supports her transparency.
Federal security clearance form (SF-86 supplement, December 2021): Cook declared the Atlanta property as a “2nd home” during her Fed vetting—consistent with the vacation home designation and unrelated to the mortgage but showing no intent to deceive.
tim, what rate did she pay, though? If a bank made an error in my favor and I found that there was a form where I had misrepresented something (regardless of what appears on other forms), I’d call the bank because I’m liable for the difference and let’s catch this early. Any honest person would. It’s something you would notice. Someone whose job it is to set interest rates would notice a few basis points’ difference. So one of two things is true here, neither of them good qualities for her position.
She may beat the mf charge; I’m not a lawyer. But her behavior was either dishonest/deceptive or stupid and I don’t want either or need either when this country has a pretty large talent pool.
Depending on the state there may be tax consequences also. Sometimes assessors rely on that “truthful” statement when they determine if a property is eligible for occupied by owner homestead tax reductions.
I asked Grok if Lisa Cook applied for two mortgages as primary residences in each. It’s response: Yes, Federal Reserve Governor Lisa Cook applied for two mortgages in June 2021, and the mortgage documents for both properties—a home in Ann Arbor, Michigan, and a condo in Atlanta, Georgia—identified them as her primary residences, despite the applications being just two weeks apart. This has sparked allegations of mortgage fraud, as primary residence loans typically qualify for lower interest rates and better terms than those for second homes or investment properties, which carry higher default risks and stricter underwriting. In the Ann Arbor mortgage (originated by University of Michigan Credit Union on June 18, 2021), Cook pledged to occupy the property as her principal residence within 60 days and for at least one year thereafter, barring lender approval or unforeseen circumstances. Just two weeks later (around early July 2021), she signed a similar pledge for the Atlanta condo (originated by Bank-Fund Staff Federal Credit Union). However, subsequent documents complicate the narrative: A May 28, 2021, loan estimate for the Atlanta property explicitly listed it as a “vacation home” (not primary), and Cook did not claim a primary residence tax exemption for it in Fulton County, Georgia. In a December 2021 federal security clearance form (SF-86 supplement), she also declared the Atlanta condo as a “second home.” Real estate experts have noted that the mortgage paperwork’s standard occupancy clause includes exceptions (“unless Lender otherwise agrees in writing”), suggesting no fraud if she disclosed the dual status to lenders—though neither lender has publicly confirmed this. A Michigan tax official further stated there was no evidence of a primary residence violation for the Ann Arbor property, as temporary living elsewhere does not automatically disqualify exemptions. Cook has denied wrongdoing, attributing any discrepancies to a possible clerical error, and no charges have been filed despite a Justice Department investigation prompted by a criminal referral from Federal Housing Finance Agency Director Bill Pulte. The controversy led President Trump to attempt her removal from the Fed in August 2025 for “cause,” but federal courts have blocked it pending her lawsuit. Notably, similar dual primary residence claims appear common among high-profile figures, including at least three Trump Cabinet members
Much depends on the question you ask.
Yo Mama so fat, when she sits around the house, there’s two of them!
How to these people get in these positions? I know, I know………..
Answer: Obama, Holder, and our idiot Chief Justice Roberts.
Did you tell Grok we need paragraphs?
Good work but May 2021 is before June 2021. In May the loan is for a vacation home. She told the lender.
A loan estimate is not the loan application, the mortgage note or the closing statements which will all say primary residence on two simultaneously property purchases @
“Evidence from grok”
You’ve got to be sh$tting me.
Haven’t you heard? AI is all-knowing and infallible. We almost don’t even need judges and juries any longer.
This is not directed at you, but I hope people see how AI is dangerous. Relying on it without doing proper independent research. Even then, I can go to Grok or Google or ChatGPT and get a different answer from day to day for a question worded exactly the same from day to day. I can also get different answers to the same questions simply by changing the wording of the question.
Ai made us all super researchers
Grok uses verifiable authorative sources. That parts good. BUT it’s very literal and often answers questions literally NOT including information that people see as relevant but does not exactly answer the question. Like if you ask are vaccines safe?. A Yes Q what about senate testimony of destruction of evidence of harm? A oh yeah I should have mentioned that
I refuse to take seriously anyone who appeals to Grok as an evidentiary source for their arguments. I refuse to accept unsubstantiated ‘evidence’ from Wikipedia either.
Apply the Leticia James standard for determining fraud. It doesn’t matter what the bank thought or what the paperwork said. If the prosecutor says it’s fraud, it’s fraud.
1. She owns at least 3 properties. All appear to be rented out. None were purchased as income properties.
2. You trust Grok, or any AI for facts?
Thank you, Sundance.
All this lawfare is to stall the efforts of the Trump agenda from advancing. Chief Justice Roberts should have stopped this long ago but remember he was part of the FISA court and he’s a globalist Bush appointee. Similar stall delay efforts are underway in the congress and the federal agencies. Our government is highly efficient at waste fraud and abuse. Meanwhile the fiat currency printing machines are on top speed and the national debt clock is exploding upwards.
You can’t stop your own team
The district court SHOULD NOT HAVE HEARD THE CASE AT ALL because the statute does not authorize judicial review of the President’s decision to remove a Federal Reserve Governor.
That is why the President is asking the Supreme Court to intervene directly rather than following the normal appeal track. Under 12 U.S.C. 242, the only requirement is that the President identify a cause, and once he does, the determination is within his discretion.
I thought of this from the perspective of a bank president lying on mortgage applications before they took the job at the bank versus a Fed governor. Congress structured the removal of a bank president. In that setting, Congress created a detailed enforcement process in 12 U.S.C. 1818, which involves notices, hearings, and the possibility of judicial review. Courts play a role there because Congress told them to.
For the Federal Reserve Act, Congress gave no such process. They weren’t ignorant and forgot to do that. Congress left the matter solely to the President. That is why the administration’s argument is that the courts should not second-guess the sufficiency of the cause once the President has stated one.
“Where Congress leaves it bare, it stays with the President” (Reagan v. United States, 182 U.S. 419, 425 (1896))
This has every appearance of “Lawfare is good for you? Well then, two can play that game”.
The “for cause” discussion is the fulcrum this turns on. But it has little content in the bigger picture of what is unfolding. Democratic administrations have practiced the same tactics – so most of the legal mumbling is rhetoric from the point-of-view of actual control structures. This is hardball politics – a President going after an institution that does not conform to his policy objectives; a President who has experienced how the legal system can be deployed as a weapon.
It’s ugly on all sides. And it will have ramifications long into the future. Per expectations, those opposing the firing are long on legal claims and short on complete honesty. I read a lengthy legal piece this morning that described FRB members as “experts who understand the data” (in supposed contradiction to the President and his advisors).
One more step down the path of total polarization.
It would have been nice had the Federal Reserve Act specified a formal review process to provide some content to “for cause”. But what the heck! Bankers as a profession have been historically totally trustworthy!
Does “just cause” mean “just because”?
If Jerome was truly interested in the independence of the Fed he should have asked her to resign once the issue became public like Adriana Kugler did due to her issues.
This is all of Lisa Cook’s baking I mean making. She chose to not resign and force the issue. She will lose and a precedent will be set.
Fed Governors should be held to the same standard as bank officers at a minimum.
At the least, Powell should have suspended Lisa Cook while her case is adjudicated.
Yet, another unconstitutional judicial interference. Sauer was restrained suggesting this was merely “improper judicial interference”.
The Fed was created by statute, not Amendment, as would be required to create an essentially New Branch of Government.
And if the President cannot fire, that means it is beyond any control of the People, who, under God, are the sole source of political power, not these uncircumcised Philistines and all their wicked masters.
The Fed is a Blood Money abomination, tied in to the Child Trafficking Networks, and it will fall utterly, to the Glory of God.
Haggai 2
Yes and Amen, Lord! We speak what You speak!
I’m so sick of these people on the left.
SCOTUS is not your friend.
Watch out for Penumbras and Emanations!
Yah, those DEI Justices looooove them
There is no possible reason other than a mis-guided legal opinion to the contrary to retain the services of any civil servant who cannot/will not be trusted to be completely. May the example of discharge set by this prevaricator spread throughout “our employees”.
Maybe Michigan’s democrat AG Dana Nessel should investigate Cook to see if her home wasn’t over valued so she could get a larger mortgage loan. /s
What is so special about her that she is ON the FED?
Very good question indeed.
Ask Joe’s Autopen
Holding a Fed Director to the same standard as an ordinary person is racist.
/sarc
Possible insurance fraud as well? Insurance rate normally will cost less if the home owner lives there. She probably lied to the insurance company as well.
Mortgage rate, homeowners insurance price, and property tax all depend on the property use. Even your car insurance price depends on whether you are a homeowner or a renter.
“GOVERNOR” Lisa Cook prolly aint done nuffin since she first sat her big hind end on the board. But the color of her skin entitles her the prestige and compensation, she thinks is her due.
Didn’t this woman also get busted for plagiarism? She should be know where in the position of power.