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Mike Davis @mrddmia - The Supreme Court blinked.
Lisa Cook is one of the seven governors on the Board of Governors of the Federal Reserve System.
Among other tasks, the Fed "conducts the nation’s monetary policy, promotes financial system stability, [and] supervises and regulates financial institutions."
"The Federal Reserve is committed to upholding the highest ethical principles to strengthen public confidence in the impartiality of its decisionmaking processes."
There is clear evidence Lisa Cook committed mortgage fraud when she lied about her principal residence to secure a lower interest rate.
Even if Lisa Cook fraudulently secured this mortgage before her current Fed appointment, she is still benefiting from the lower interest rate each month. (Did she pay off the mortgage before she started?)
President Trump fired her for cause under the relevant statute.
Democrat activist lower-court judges purported to reinstate her. (Instead of simply paying them to go away, you can force the President of the United States to rehire people he doesn't want working for him?)
The Supreme Court refused to overrule them, instead punting the decision until next year.
The Supreme Court must decide this:
1. Does ongoing mortgage fraud by a Fed governor create cause to fire her under the relevant statute? (This is laughably easy.)
2. If not, does the President of the United States have the Article II power under the U.S. Constitution to fire at will any executive branch officer (or employee), including a Fed governor? Or did our Founders unintentionally create another branch of government in the U.S. Constitution? (Again, this is laughably easy.)
Maybe the Supreme Court will muster up the courage to follow the law after January?
Apparently, October is not a good time.
https://www.supremecourt.gov/orders/courtorders/100125zr_7648.pdf
https://x.com/mrddmia/status/1973411249208594489