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Corrupt Fed Governer Fired - why we care? (Patreon)

Published:
2025-08-26 00:28:05
Imported:
2026-06
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Content

We finally have a Fed quorum ready to cut rates.

September can’t come soon enough.

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Comments

greg snyder

Just remember what James has shown us over the last 4-5 years! Find the fastest horses and go in hard buy the dips and sign up for Patreon! It’s been a good 4 year run and I’m going to dca the 5 assets I have the most conviction in! Anything else James?

Digital Assets

This post and headline is inaccurate as usual!! Even though I along with a lot of others would like to see the Fed cut rates, this firing would be viewed as trying to undermine Fed independence which is vital to markets. Only allegations at this point. There hasn't been any convictions. It will play out in the courts.. POTUS has accumulated over 100 million in bonds. Guess who will benefit from lower interest rates?

Kirby Ai

I actually think this could be fuel for the Fed to not give Trump what he wants 🤷‍♂️ It’s flirting with the line of corruption here. Trump prioritizes getting his way over the democratic processes that have allowed the country to be the great nation it is today. In hindsight I think the culmination of the many decisions of this nature will bode poorly for Trump and Republicans. …Full transparency I voted for Trump but I’m also capable of being unbiased in reflection on the ⬆️ and ⬇️ of this admin. Nothing is all good nor all bad. Honesty and truth are the best path forward, always :)

DanO

I sure do care. After everything they put the current President through, especially the New York City vs Trump case prosecuted by Leticia James, I'm extremely happy to see that these fraudsters are being brought into the light and hopefully made to pay the full price for their crimes. I'm looking forward to September for sure and I'm also looking forward to the mid-terms where hopefully our fellow citizens will finally wake up and throw these bums put of office in enough numbers where the new leadership team in DC can fulfill the mandate they've been given for lasting change toward a wealthier and fair Country, for everyone.

Dean V
>>185254356

You have some real blinders on to think the Fed is independent. I didn't see you whining when they cut rates 50BPS prior to the last election. But now that Trump's going after a Biden appointee like Lisa Cook over alleged mortgage fraud, suddenly everyone's clutching their pearls about "undermining central bank autonomy." It's the same playbook—political pressure on the Fed—just with the sides flipped. Hypocrisy doesn't get much thicker than that.

Maine McEachern

I'm no fan of the Fed but Governor Cook is presumably innocent (of crime) until proven guilty. Here's critical context, from Grok-4: The primary evidence supporting allegations that Federal Reserve Governor Lisa D. Cook committed mortgage fraud stems from a criminal referral issued on August 15, 2025, by William J. (Bill) Pulte, Director of the Federal Housing Finance Agency (FHFA), to U.S. Attorney General Pamela Bondi and Special Attorney Ed Martin at the Department of Justice (DOJ). This referral, which is publicly available via Pulte's X account, accuses Cook of occupancy fraud—a type of mortgage fraud where a borrower falsely claims a property as their primary residence to secure more favorable loan terms (e.g., lower interest rates or down payments) than would be available for a secondary or investment property. Such fraud is potentially prosecutable under federal statutes like 18 U.S.C. § 1014 (making false statements to influence a loan). Cook has not been charged with any crime as of August 27, 2025, and no formal DOJ investigation outcomes have been announced. The allegations remain unproven in court, and Cook has stated she is gathering information to address questions about her financial history while refusing to resign. Experts note that occupancy fraud cases are rarely prosecuted solely on residency misstatements without clear evidence of intent to deceive lenders, and they can be difficult to prove, especially if lenders were aware of the circumstances or if no significant financial harm occurred. ### Key Evidence from the Criminal Referral and Supporting Documents The referral relies on publicly accessible mortgage records, property documents, and Cook's federal financial disclosures (filed with the U.S. Office of Government Ethics). FHFA, which oversees entities like Fannie Mae and Freddie Mac, obtained these through its regulatory authority over the mortgage market. Here's a breakdown of the specifics: #### 1. **Mortgage Documents and Residency Attestations** - **Michigan Property (Ann Arbor, Washtenaw County, Address: [Redacted in referral, but public records confirm it's her home purchased in 2005])**: - Loan date: June 18, 2021. - Lender: University of Michigan Credit Union. - Amount: $203,000 (15-year term at 2.875% interest rate). - Key statement: Cook signed an agreement attesting that she would use the property as her "principal residence" within 60 days of closing and occupy it for at least one year (a standard clause in primary-residence mortgages to qualify for better terms). This rate was slightly higher than the national average for 15-year mortgages at the time (around 2.23–2.45%), per Freddie Mac data. - **Georgia Property (Atlanta Condo, Fulton County, Address: [Redacted Unit 3550, Atlanta, GA 30309])**: - Loan date: July 2, 2021 (just two weeks after the Michigan loan). - Lender: Bank Fund Staff Federal Credit Union. - Amount: $540,000 (30-year term at 3.25% interest rate). - Key statement: Cook signed an agreement affirming the property would serve as her "primary residence" within 60 days of closing and for a full year. She also attested it would be her principal residence. This rate was also slightly above the national average for 30-year mortgages (around 2.93–3.04%). - **Why this raises fraud concerns**: It's impossible for someone to have two primary residences simultaneously, as "primary residence" implies the main home where the borrower lives most of the time. The overlapping one-year occupancy periods (starting around July–August 2021) suggest at least one attestation was false. Pulte alleges this was done to secure lower interest rates and more favorable terms available only for primary residences, not secondary or investment properties. Public records confirm these loans match entries in Cook's 2021–2023 financial disclosures, where she listed two personal-residence mortgages and one investment-property mortgage (a third, unrelated loan). #### 2. **Rental Listing and Undisclosed Income** - In September 2022, the Atlanta condo (Unit 3550) was listed for rent at $5,000 per month on Zillow and other real estate platforms, according to property records cited in the referral and Pulte's public posts. It was previously sold to Cook on July 2, 2021, for $602,000. - Cook's federal financial disclosures for calendar years 2022 and 2023 (required under government ethics rules) show no rental income tied to this address, despite the listing. Pulte argues this indicates the property was always intended as an investment or rental, not a primary residence—contradicting her mortgage attestations. - **Context on timing**: The required one-year occupancy period for the Georgia loan would have ended around August 2022, so the September listing doesn't directly violate the clause. However, Pulte claims it supports an inference of fraudulent intent from the start, as primary-residence loans aren't meant for quick flips to rentals without lender approval. #### 3. **Financial Disclosures and Public Records** - Cook's annual disclosures (e.g., her 2025 filing) list the loans in broad ranges ($100,001–$250,000 for Michigan; $500,001–$1,000,000 for Georgia), confirming the terms and classifying both as "mortgage on personal residence." These are public via the Office of Government Ethics. - Property records from county offices (Washtenaw, MI, and Fulton, GA) and platforms like Zillow corroborate the purchase dates, loan amounts, and rental history. Pulte states FHFA reviewed these as part of its oversight of mortgage safety and soundness. ### Cook's Response and Defenses - Cook has not directly denied signing the attestations or the specifics of the loans. Instead, she stated (via a Fed spokesperson and her lawyer, Abbe Lowell): "I have no intention of being bullied to step down... I intend to take any questions about my financial history seriously... and so I am gathering the accurate information to answer legitimate questions and provide the facts." - Potential defenses (as noted in media analyses): - **No intent to deceive**: She could argue extenuating circumstances (e.g., job relocation as a Michigan State University professor) allowed dual claims, or that lenders were informed and approved. Experts like Cornell Law Professor Robert Hockett note that if lenders knew her situation and priced the loans accordingly (evidenced by above-average rates), it may not constitute fraud. - **Common practice**: A 2023 Philadelphia Fed study found occupancy fraud in 2–3% of loans from 2005–2017, often without prosecution. Commentators like economist Paul Krugman have called it minor, akin to "cheating on a third-grade exam," though rare for standalone charges. - **Selective prosecution**: Former prosecutors suggest the probe appears politically motivated, as Pulte (a Trump appointee) has targeted other Democrats (e.g., NY AG Letitia James, CA Rep. Adam Schiff) with similar referrals. ### Broader Context and Expert Views - **Prevalence and Prosecution**: Occupancy fraud is relatively common but hard to prove without evidence of financial harm to lenders (e.g., default). The U.S. Sentencing Commission reports average sentences of 14 months for mortgage fraud, but cases like this are unusual without additional elements like income falsification. Former prosecutor Stephen Cazares noted it's "unusual" to charge based solely on residency claims. - **Political Angle**: The referral aligns with Trump's efforts to influence the Fed, including pressuring for rate cuts. Cook, appointed by Biden in 2022 (term until 2038), is the first Black woman Fed governor and has dovish views on rates—making her a target. Trump cited the referral directly in his August 26, 2025, removal letter, calling her conduct "deceitful and potentially criminal." - **No Independent Verification Yet**: Media outlets (e.g., Reuters, Bloomberg, Axios) have reviewed public records confirming the loans and attestations but note gaps: It's unknown if Cook obtained lender waivers, lived in either property as required, or if lenders suffered losses (both loans appear performing). In summary, the evidence consists of signed mortgage agreements with conflicting primary-residence claims, a subsequent rental listing for the Georgia property, and missing rental-income disclosures—all publicly verifiable but not yet adjudicated. This has led to the referral but no charges, with debates centering on intent and political motivations. TO NOTE: Governor Cook has historically been relatively dovish re interest rates (e.g. in 2022-23 she preferred smaller rate hikes with a focus on employment risks, and later advocated for potential cuts as inflation eased). At the last FOMC meeting (30 July 2025) and along with 8 of the other 10 members of the Board of Governors of the Federal Reserve, she voted to maintain the target range for the federal funds rate at 4-1/4 to 4-1/2 percent.

BsTARD$uN
>>185313634

I am waiting for the worst crime that still is rampant Everywhere to have files released as promised. Also waiting for USA and 37T debt champion of the world to stop funding a war or two thus effectively stopping death of war and slowing the bleed at home. Any minute now more than likely and maybe no capital gains on BTC I enjoyed those comments, no promises on that one but HOPE?

BsTARD$uN

The comments have gotten fun for a minute but if seriously read and zoomed out for the American perspective, it is embarrassing and calling for same everything zero change. Just stay divided, racist, ignorant, trust everything you read or hear. Family, Friends, Community are the problem, stay indoors. Provide ID when ordered. Debate like children and talk much shit! and blame a portion on James while offering to pay x more x for separation of teams. Only because James has you $$$ in the right direction are you so big money threatening for segregation. That kind of mindset leads to worse problems than we have. We should demand TRUTH and nothing less. Demand accountability from idiots elected to speak for us, when they blatantly don't have repercussions waiting. If we do nothing, we are just the 3rd group of idiots blaming the other 2 and wasting energy waiting for death. The next rant is for the ranting craziness, I wasted my hours reading in shock as I expect more from this group. Weak hands and minds will fall turn to sand or salt whatever, the True Core Group will be here in the end, then Island shopping can begin.

BsTARD$uN

I just got a fancy idea. . lost it. Blame blame Left right black white, The decades old momentum of the USA has been perfectly executed, Ronald ran warning Americans of the looming 1 Trillion dollar Deficit. 1 st move in office capable because of Military decision to wait then get hostages. Later in Ronnies 2 Terms we had the CIA torture to the DEATH a DEA agent living with fam in Mexico, caught on tape screaming Demon, why? The CIA wanted to know how much they knew about their partnership with the Cartel and the CIA marketing campaign of Master P and friends collaborating and teaching the art of whip whip baking soda Freebase for the rich and Crack 4 the poor! Revenue YOY was up every year after the successful ad campaign . The man in the CIA caught on tape torturing another American working in official capacity......recently made me remember (Jamal shogi) in Saudi had it easy comparatively. I believe it was a much quicker death. I wasn't there, I am speculating on my past reading. Anyhow, that man that murdered Kiki is alive and well in Miami, Florida. I believe it came to light that Oliver North was the real problem and was caught and put to Justice. Then came Poppa Bush and a 1000 points of light and more lies and CIA overthrowing and arming of enemies bringing democracy and glory to everyone in every country Cooed by the old cooter. They all were promising us Americans to begin our much needed infrastructure upgrades and NO NEW TAXES ! Little George and DICK were ready for infrastructure until America was great again but Weapons of Mass destruction flashed the Amber alert and thousands of American hero's went to work for Dick and Fool me once....never be fooled again! PTSD and legless hero's and worse stories than should have been lied into existence are everywhere, so many suicides and overdoses, thank God China started with the Fent so we have the monster in our minds. These poor Vets used and tossed aside with Rederick replacing blame, and worse with time Illegals and Migrants stole their thunder of homelessness and despair 2 birds 1 stone spreading hate of the non Americans doing what built America. Power grabs with 911 and the "Patriot Act" Terror Trumps Everything. Mission accomplished. America's 20yr war then Military Pager alerted quickly 911 911 911 and the USA army was OUT! turned our back on our allies (making more suicide bombers for near future) Image ingrained in pea brain desperate humans falling from American plane. Billions of equipment left for enemies or who cares. I didn't buy the shit. Bill Clinton was our 1st black president and he was busy ruining dresses and posing for pics in them that he didn't add to the deficit much if I recall correctly? Obama had the campaign of Change, wanted, needed, never gonna happen. I believe he wanted it, he just didn't know yet, but in two terms he learned the limits of the Top Job POTUS. He did however get to knock back Trillions in 2 terms, somehow not much got spent on infrastructure once again. So this is just a quick recall of 4 decades plus of lies, wars, Trillions spent somewhere on something, Enemies made, lies about lies, close to zero change, just right and left hating the one in power and sabotage and games of the nature becoming the norm while 6 figure salaried officials became multi multi millionaires, while pointing out the real scum thievery EBT cheese and milk and entitled Americans with their Social Security entitlements!! Although I thought it was their money and the government was just looking after it. I am no genius. I missed something. WHAT I didn't miss was the consistency of lies and neglect Americans were fed on a daily basis and America's yearly descent on Best "fill in the blank" lists or rankings across the world. Most % of GDP spent on Healthcare and fastest declining healthcare quality in the world.........America! in the top again year after year! we will never get tired of winning they said!! So, since I never had a party, no family persuasion for the red or blue team, I decided to be Independent until I knew enough to choose. Fast Forward, still an Indy rather I just say American rather than their choice of label for not picking a team. I clearly see even here in IA how the lies and propaganda throw in the intentional sewing divisions across our country by skin color, Lib or Con, Dem or Rep. Then shit went wild, we are here queer, coming for your children! Kids transitioning, parents being ? something sick and evil. Bam Trump boom Covid, Russia Hoax, stolen, rigged, stay inside or go to Jail. Mask up, Mask down. Lies from Doctors , Vaccines safe as fake butter needed monthly, take 2 for good measure. Shame your family, Do you want to kill grandma, then take more boosters every time you pass a Walgreens or CVS ! If anyone actually read all this shit and cant agree in %90-%? The system is broken, they are all stealing and lying and average Joe is fucked, the derangement syndrome is real as a viral Karen, as pointed out with all previous examples both sides of our leaders are guilty and they have all played roles in the cluster fuck and the best saved for last........middle class America will disappear along with FIAT purchasing power, and freedom of speech to boot? Real Americans are winners and united. They will succeed in a chance to rebuild our system how we prefer, term limits, accountability for elected leaders in the new system, using technology to our advantage, stamping out evil loudly, proudly and united. Swift Justice, strengthening our future one child saved at a time.

Tim Rafter

I understand the fed cut and yes can’t come soon enough, however this has nothing to do with a White House release. Let’s see this play out in a court of law, not on Patreon or other social media. I’ll wait until the charges are proved.

RyHo

🙄