Oy vey! So, this Fed Governor, Lisa Cook, she takes the former President Trump to court! Can you believe it? For trying to give her the ol’ heave-ho! Apparently, somebody said she cheated on her mortgage application. A mortgage! Like that’s never happened before! 🙄
A Judge Says “Nu, Nu, Nu” to Trump’s Firing Spree
Judge Jia Cobb – a *very* serious lady, I hear – she says “hold your horses, Donald!” and issued a temporary restraining order. Against Trump, the Fed Chairman, Jerome Powell (poor guy, always getting yelled at!), and even…the Fed itself! All because of this letter from August 25th, claiming mortgage fraud. A court filing, you know, very official. Fortune Magazine claims Cobb and Cook, they’re sisters in a sorority! Delta Sigma Theta! Who knew?! A secret society controlling the…interest rates?! I’m just asking questions!
It all started with this Bill Pulte, a director at the Federal Housing Finance Agency, sending a letter to Attorney General Pam Bondi. Accusing Cook of lying about her place of living to get a cheaper loan. A cheaper loan! The nerve! But Propublica says…wait for it… *at least three* Trump cabinet members did the *same* thing! Three! Is this a scandal, or just…Tuesday?

So Trump hears about this, and *boom!* He demands Cook resign, then fires her on August 25th. He *can* fire Fed governors, but only “for cause.” And Judge Cobb says, “Donald, what ’cause’? You haven’t shown me any *cause*!” Though honestly, it’ll probably end up at the Supreme Court. The Supreme Court! Where justice goes to…well, you know. 🎭
“The best reading of the ‘for cause’ provision is – and I quote – ‘blablablabla’ and ‘blahblahblah,’” Judge Cobb wrote in her opinion memorandum. (It’s very legal, folks. Very legal.) “Basically, you can’t fire someone for something they did *before* they started working for you. It’s like firing a guy for jaywalking in 1978! Ridiculous!”
Cook, being a smart cookie, sued Powell and the whole Fed board, just in case they got bullied into ousting her. You know, Trump has been yelling at Powell like he stole his last pastrami on rye. Insisting they cut interest rates. But Powell’s saying, “Inflation, Donald! Inflation!” It’s a whole thing.🌍
The Board is meeting next Tuesday. And everybody predicts (and believe me, *everybody* has an opinion) a rate cut is coming. Which means Cook gets to sit in on the meeting. A wildcard! A shiksa in the meeting! Will she cause chaos? Will she sing show tunes? Stay tuned! 🍿
Read More
- Fed’s Rate Stasis and Crypto’s Unseen Dance
- Blake Lively-Justin Baldoni’s Deposition Postponed to THIS Date Amid Ongoing Legal Battle, Here’s Why
- Dogecoin’s Decline and the Fed’s Shadow
- Ridley Scott Reveals He Turned Down $20 Million to Direct TERMINATOR 3
- Baby Steps tips you need to know
- Global-e Online: A Portfolio Manager’s Take on Tariffs and Triumphs
- The VIX Drop: A Contrarian’s Guide to Market Myths
- Top 10 Coolest Things About Indiana Jones
- Northside Capital’s Great EOG Fire Sale: $6.1M Goes Poof!
- A Most Advantageous ETF Alliance: A Prospect for 2026
2025-09-11 06:58