Trump ousts Federal Reserve Governor

33,913 Views | 468 Replies | Last: 2 mo ago by will25u
94chem
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BusterAg said:

Signing two different mortgage notes within 30 days of eachother, both attesting that they will be your primary residence, is way, way, way worse than any statement that might have inflated the opinion of value of a property you held.


Is it? I mean, I don't know how to rank these things. I mean, I can't claim real estate depreciation on my taxes because I make $150K, but he can lie about his real estate value to get better terms. Rules for thee... Is it worse than calling hush money to your side piece a business expense?
94chem,
That, sir, was the greatest post in the history of TexAgs. I salute you. -- Dough
Signel
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KerrAg76 said:

Seems like a lot of democrats have cheated on legal documents

You act like this isn't common for most politicians... Honestly, it's just part of the game in the US. There ain't a poor politician in DC.
Ellis Wyatt
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It's worse than that. He can have crimes invented after the fact to disenfranchise over half of America. Imagine what can happen to you.
Dungeon Crawler Carl
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Quote:

Today's firing of Lisa Cook from the FOMC is Powell's payback for the Obama-backed attempted coup during the November 2021 "Insider trading" scandal which claimed the hawkish members, and staunch lieutenants of Powell, Kaplan, Carida and Rosengren.

Cook was one of those Biden to replace them. Sarah Bloom Raskin and Philip Jefferson were the others

This is a classic counter-coup.




Quote:

https://oig.federalreserve.gov/releases/investigation-closing-reserve-bank-trading.pdf

On October 4, 2021, the Board of Governors of the Federal Reserve System requested that we "conduct
an independent review of whether the 2020 trading activities of Rob Kaplan, President of the Dallas
Federal Reserve Bank; Eric Rosengren, President of the Boston Federal Reserve Bank; and Rich Clarida,
Vice Chair of the Board of Governors of the Federal Reserve System violated the law or Federal Reserve
policies, whether the trading activities warrant further investigation by other authorities, and any other
related matters that you deem appropriate."

In response, we initiated separate investigations of Board and Reserve Bank officials. Given public
reporting regarding Chair Jerome Powell's December 2019 financial transactions, we included his trading
activities in our investigation of Board officials. On July 11, 2022, we concluded the investigation of Board
officials and publicly issued a closing memorandum.


1
jwhaby
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94chem said:

BusterAg said:

Signing two different mortgage notes within 30 days of eachother, both attesting that they will be your primary residence, is way, way, way worse than any statement that might have inflated the opinion of value of a property you held.


Is it? I mean, I don't know how to rank these things. I mean, I can't claim real estate depreciation on my taxes because I make $150K, but he can lie about his real estate value to get better terms. Rules for thee... Is it worse than calling hush money to your side piece a business expense?


Real estate valuations are subjective if they're not part of a transaction between a willing seller and a willing buyer. That's why the lender on a mortgage will order an appraisal to estimate the value of the underlying collateral. It doesn't matter what the borrower thinks his asset is worth, only the lender's opinion counts. Also, Trump can't claim depreciation on an estimated value that he made up, so you can rest assured.
nortex97
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94chem said:

BusterAg said:

Signing two different mortgage notes within 30 days of eachother, both attesting that they will be your primary residence, is way, way, way worse than any statement that might have inflated the opinion of value of a property you held.


Is it? I mean, I don't know how to rank these things. I mean, I can't claim real estate depreciation on my taxes because I make $150K, but he can lie about his real estate value to get better terms. Rules for thee... Is it worse than calling hush money to your side piece a business expense?

First of all, accounting mistakes in legal payments for services/hush money are ok for people like Hillary Clinton. Just a small fine. Second, the 'hush money' is not something that put the US at risk if a lender made a decision based on a fraudulent application for money, as is the case with the FDIC and banks.

Quote:

There is no statute that makes it a crime to falsely claim two primary residences.

The statute in question, 18 USC 1014, makes it a crime to make any "false statement" for the purpose of influencing the decision of any financial institution whose accounts are insured by FDIC -- including on mortgage applications -- in order to secure a loan.

There are no specifics with regard to the kind or substance of the false statement -- any false statement will suffice.

It is not a defense to say "No one gets prosecuted for claiming two primary residences."

People get prosecuted for making false statements. If the false statement in question has to do with whether the subject property is a primary residence, it is a crime no different than if you state your income as 10x what it actually is.

As stated, it was the Democrats proud accomplishment under Obama of Dodd Frank that revamped the legal landscape around false statements on mortgage applications. Giving the federal government sweeping, broad authority to prosecute crimes often doesn't long term work out, for a party that sees the government as always 'their side.' Rep Schiff enthusiastically voted for the act, oh by the way.
AGC
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94chem said:

BusterAg said:

Signing two different mortgage notes within 30 days of eachother, both attesting that they will be your primary residence, is way, way, way worse than any statement that might have inflated the opinion of value of a property you held.


Is it? I mean, I don't know how to rank these things. I mean, I can't claim real estate depreciation on my taxes because I make $150K, but he can lie about his real estate value to get better terms. Rules for thee... Is it worse than calling hush money to your side piece a business expense?


That's not how it works, and never was. For federally regulated transactions an appraisal is required, and the bank has to approve regulatory Loan To Value exceptions. No one, and I mean no one, takes your inflated real estate values as gospel for lending.

How do you know about depreciation but not lending basics?
nortex97
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Oh btw, Sarah Bloom Raskin just happens to be the wife of…Jamie Raskin. No nepotism/politics there, at the Fed board of governors at all. Democrats just want non-partisan decisions from them. And yes, note that her nomination was sunk because even Joe Manchin couldn't bring himself to vote for her under Potatus' nomination.
Logos Stick
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redseven94 said:

Firing someone he has no authority to fire on charges that have not been adjudicated in any manner sounds suspect.

Tell me how I am wrong...:


Link?
Ellis Wyatt
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Democrats want laws for thee and not me. That's how The Party works everywhere in the world.
Ellis Wyatt
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And never forget that Jamie Raskin is a marxist. So I'd say putting a Marxist on an ostensibly capitalist board seems like a terrible move if a person were seeking the best outcome.
Dungeon Crawler Carl
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Logos Stick said:

redseven94 said:

Firing someone he has no authority to fire on charges that have not been adjudicated in any manner sounds suspect.

Tell me how I am wrong...:


Link?


Not sure I how the tweet below works with the "Independent" Federal Reserve but it certainly applies to the rest of the gov.



Quote:

The Supreme Court just obliterated the Deep State's final line of defense granting President Trump FULL authority to fire the heads of "independent" federal agencies. No more delays. No more red tape. No more protection for unelected traitors. The court declared: Trump is the Executive Branch. Period.

Gwynne Wilcox (NLRB) and Cathy Harris (MSPB) are the first to face removal. Behind them, a long list of Biden operatives await the axe. The administrative state is collapsing in real time.

This is not a "legal clarification." This is an all-out constitutional reset ripping power away from shadow bureaucrats and returning it to the man elected to wield it. Article II of the Constitution restored.

Trump is no longer fighting with one hand tied.

He can now terminate every disloyal bureaucrat, dismantle fake oversight boards, and vaporize the swamp creatures who've worked for years to sabotage America First from inside the system.

The ruling sends shockwaves through the Deep State:

No more court interference
No more Congressional shielding
No more "independent" excuses

Every agency now answers to Trump.

The strategy of the Left to bury Trump in legal warfare and block him with slow-walking loyalists just detonated in their faces. Their lawfare fortress is in ruins. The SCOTUS decision cuts off the Deep State at the neck.

The Fourth Branch has fallen.

This is the legal decapitation of the administrative coup that's hijacked power for decades.

What comes next?

Terminations. Restructuring. Loyalty enforcement.

Trump is set to unleash the largest purge in American political history. Those who've betrayed the republic from within will no longer hide behind titles or obscure agency walls. The President now holds the sword and he's swinging.

A top Trump insider put it bluntly:
"This ruling doesn't just restore executive power it clears the battlefield."

Every traitor in federal government just got marked.

The days of unelected tyrants mocking the will of the people are over.
The mask is off. The time for war inside the system is here.
And Trump just got the green light to take them all down.

Buckle up. The storm just got teeth.
The purge begins NOW.
[url=https://x.com/PaulGoldEagle/status/1959408827964834032/photo/1][/url]

Señor Chang
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Gigem314 said:

FlyRod said:

Oh my. Y'all enjoy the inflation and high borrowing costs that will result from this. Good luck to you.

Oh so after 4 years you finally care about inflation. How convenient.

When Biden was President:

Quote:


FlyRod
8:26p, 4/2/24


Grow a garden, learn to cook. If McDonalds prices get you down, try a little self-reliance.



When Trump is President:

captkirk
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infinity ag said:

Just firing is not enough.

Prosecute if she has done anything wrong.

She was criminally referred.
No Spin Ag
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LMCane said:

rate cuts here we come!!

Lower prices on groceries, gas, autos, and housing here we come!!!!
There are in fact two things, science and opinion; the former begets knowledge, the later ignorance. Hippocrates
LMCane
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Ag87H2O said:

FlyRod said:

Oh my. Y'all enjoy the inflation and high borrowing costs that will result from this. Good luck to you.

Lol at a Biden/Harris supporters acting like they should be trusted regarding one thing about economics or capitalism.

"it's just transitory!!"

as inflation moved past 9% a year.

thanks leftists!
A_Gang_Ag_06
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I view taxes like Richard Petty views racing.


doubledog
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First thing to do when the house begins to smell is to take out the trash.
No Spin Ag
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Krombopulos Michael said:

Logos Stick said:

redseven94 said:

Firing someone he has no authority to fire on charges that have not been adjudicated in any manner sounds suspect.

Tell me how I am wrong...:


Link?


Not sure I how the tweet below works with the "Independent" Federal Reserve but it certainly applies to the rest of the gov.



Quote:

The Supreme Court just obliterated the Deep State's final line of defense granting President Trump FULL authority to fire the heads of "independent" federal agencies. No more delays. No more red tape. No more protection for unelected traitors. The court declared: Trump is the Executive Branch. Period.

Gwynne Wilcox (NLRB) and Cathy Harris (MSPB) are the first to face removal. Behind them, a long list of Biden operatives await the axe. The administrative state is collapsing in real time.

This is not a "legal clarification." This is an all-out constitutional reset ripping power away from shadow bureaucrats and returning it to the man elected to wield it. Article II of the Constitution restored.

Trump is no longer fighting with one hand tied.

He can now terminate every disloyal bureaucrat, dismantle fake oversight boards, and vaporize the swamp creatures who've worked for years to sabotage America First from inside the system.

The ruling sends shockwaves through the Deep State:

No more court interference
No more Congressional shielding
No more "independent" excuses

Every agency now answers to Trump.

The strategy of the Left to bury Trump in legal warfare and block him with slow-walking loyalists just detonated in their faces. Their lawfare fortress is in ruins. The SCOTUS decision cuts off the Deep State at the neck.

The Fourth Branch has fallen.

This is the legal decapitation of the administrative coup that's hijacked power for decades.

What comes next?

Terminations. Restructuring. Loyalty enforcement.

Trump is set to unleash the largest purge in American political history. Those who've betrayed the republic from within will no longer hide behind titles or obscure agency walls. The President now holds the sword and he's swinging.

A top Trump insider put it bluntly:
"This ruling doesn't just restore executive power it clears the battlefield."

Every traitor in federal government just got marked.

The days of unelected tyrants mocking the will of the people are over.
The mask is off. The time for war inside the system is here.
And Trump just got the green light to take them all down.

Buckle up. The storm just got teeth.
The purge begins NOW.
[url=https://x.com/PaulGoldEagle/status/1959408827964834032/photo/1][/url]



I can't wait to see what the presidency and country look like after a few administrations take this newfound power and they do what every president does and push it to the limits.

To finally have presidents be able to take the country to wherever they feel is best, without having to worry about shackles, is long overdue.





There are in fact two things, science and opinion; the former begets knowledge, the later ignorance. Hippocrates
captkirk
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An unelected, unaccountable deep state should not exist. Burn it all down
No Spin Ag
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captkirk said:

An unelected, unaccountable deep state should not exist. Burn it all down

You're preaching to the choir, though, to me, I wouldn't stop at the "deep state," but that's just me.
There are in fact two things, science and opinion; the former begets knowledge, the later ignorance. Hippocrates
Dungeon Crawler Carl
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I'm not a fan of Trump as a person/politician but his policies best aline with what I'd like to see in this country.

The financial system is the seat of all power in the country. Rip it away by force as needed from the parasites that have control of it currently.

They are going to call you Hitler/Caesar/a dictator.....Might as well be Hitler (without the gas chambers of course.....) and get what needs to be done.
DrEvazanPhD
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Krombopulos Michael said:

I'm not a fan of Trump as a person/politician but his policies best aline with what I'd like to see in this country.

The financial system is the seat of all power in the country. Rip it away by force as needed from the parasites that have control of it currently.

They are going to call you Hitler/Caesar/a dictator.....Might as well be Hitler (without the gas chambers of course.....) and get what needs to be done.

Uh.

Maybe being Caesar is a *little* better than Hitler..
No Spin Ag
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Krombopulos Michael said:

I'm not a fan of Trump as a person/politician but his policies best aline with what I'd like to see in this country.

The financial system is the seat of all power in the country. Rip it away by force as needed from the parasites that have control of it currently.

They are going to call you Hitler/Caesar/a dictator.....Might as well be Hitler (without the gas chambers of course.....) and get what needs to be done.

I'm all for it. I hate it when the politician I vote for can't get what they want done. I'm not even concerned about what will happen when a Dem gets to do it; it'll just be the new norm at that point.
There are in fact two things, science and opinion; the former begets knowledge, the later ignorance. Hippocrates
Sgt. Schultz
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pdc093 said:

LMCane said:

rate cuts here we come!!



Rates needed to be increased a few years ago as it was basically "free" money at just above 0%. As usual, the Fed went too far and raised it too much

That said, a reduction to around 2.75% to 3.00% would juice the economy as 30 yr mortgage rates around 5.00% to 5.50% should follow suit, with 15-year mortgages in the 4's%. Of course, rates could be bought down further.
I know nothing!
Sims
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Why juice the economy when inflation is still above the Fed target and unemployment is near full employment?

Do we just hate stable currency value that much?

(Yes, I fully admit that the measurements are flawed...but if they exist and are going to be a basis for the monetary policy we like...why not pay attention to them when they support the monetary policy we don't like)
will25u
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This is bringing these quasi "independent" 4th branch of government institutions that the legislature appointed and repositioning them where they belong. Under the executive and where they are accountable to the people by proxy of the President who the people elected.

Why should these agencies be outside of all branches of the government with no one able to affect change?

Ex. President Trump appoints a majority on the FR. They have 14 year terms. Next, Kamala gets elected(yuck). The majority on the FR because they don't like Kamala decide to raise the interest rate to 10+%. Now what? They can't be removed for policy disagreements, only gross misconduct, inefficiency, or neglect of duty.

So because they are quasi "independent" 4th branch of government and not beholden to anyone, they can completely wreck the economy because they don't like the president?

I would hope they wouldn't do something like that, but we see supposed "apolitical, unbiased" activists doing it regularly.

Abolish the 4th branch. Put these independent agencies under the hierarchy and lets get moving!
TRM
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You do know SCOTUS isn't in session. Paul White is as credible as Biden's Cornpop story.
flown-the-coop
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It's been entertaining to watch the left only strengthen the Executive with their all out assault on it from the day Trump was elected in 2016.

A very strong Executive was intended to the point of stopping just short of a King. Impeachment being the only check on a rogue Executive.

But it was also based on a competent Legislative and a Constitutionally focused, independent and just judiciary.

It's good to see 1 of the 3 branches return to its roots.

Keep Trucking Trump. Until the libs screams can be heard no more.
TRM
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He does have the authority to remove them, but the statute is vague as to what constitutes "for cause". So we can argue over just being charged or the case must be settled, but ultimately SCOTUS is going to determine her fate.
will25u
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Dungeon Crawler Carl
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Facts don't matter.....Narrative only.
flown-the-coop
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TRM said:

He does have the authority to remove them, but the statute is vague as to what constitutes "for cause". So we can argue over just being charged or the case must be settled, but ultimately SCOTUS is going to determine her fate.


SCOTUS has no role. She is under the executive. He is in charge of the executive. He has acted in accordance with the law set forth by Congress.

The only legal issue for a court to determine was whether or not he needed a reason.

It's not up to a court to define the meaning of "for cause" when Congress failed to define it.
Max Stonetrail
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Krombopulos Michael said:

Facts don't matter.....Narrative only.

Along those lines, I find it interesting that all the reporting (especially on the left) is around "Can Trump do this" and "does Trump have the authority".

But, I haven't heard her or any of her surrogates deny she did it.

She should resign in disgrace.
LMCane
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Max Stonetrail said:

Krombopulos Michael said:

Facts don't matter.....Narrative only.

Along those lines, I find it interesting that all the reporting (especially on the left) is around "Can Trump do this" and "does Trump have the authority".

But, I haven't heard her or any of her surrogates deny she did it.

She should resign in disgrace.

she claims it was a mistake

so let's put the economic future of 330 million Americans into the hands of a woman

who can't remember she signed two mortgages stating BOTH were her primary residence!
 
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