patrick.net

Because JP Morgan didn't want to risk his and his crony's own money like he had to do in the previous Bank Panics to prevent a total collapse of the industry.

Back when the Media did it's job, he couldn't risk meeting up with bigwigs without it being widely reported, so sent Lieutenants to work out the course of the Fed Reserve and assign the risk of bank panics to the Public.

Then it was voted into law suddenly just before the December Christmas Congressional Recess (If I remember right)

Trump vs. the Fed. He's bating them. I think he is trying, like this Cook, to make them expose themselves that they are not part of the Republic, but a parasitic foreign entity.

https://t.me/CIG_telegram/62843

Good, fire her fat ass.

If she wants to fight it, she's gonna go broke paying shyster lawyers in a pointless exercise.

Oh boy, if they lower interest rates, my stock mutual funds will pop up a bit more; "Stocks up, cocks up!"

"How sweet it is!" Jackie Gleason

All the concern, hand wringing, and Pearl clutching going on seems rooted in unmeasured and unquantifiable “what ifs”.

I’m getting pretty damn sick of this bullshit. If you want to get my attention, talk numbers and real consequences. Don’t give me “oh this is unprecedented and might do this or that”. Honestly just wanna slug someone like that right in their punchable face. The mealy mouthed ness needs to end.

Now if only they can Cook Kentanji.

Al_Sharpton_for_President says

Now if only they can Cook Kentanji.

Unfortunately I heard that Kentanji tastes gamey.

https://x.com/RogerJStoneJr/status/1960087967214829689

Federal Reserve Governor Lisa Cook is cooked. Said her home in Ann Arbor, Mich. was her principal legal residence getting a state tax break and a lower mortgage and insurance rate. Two weeks later, she said her home outside of Atlanta was her principal legal residence getting a state tax break and a lower mortgage and insurance rate. This is mortgage fraud.

Patrick says

https://x.com/RogerJStoneJr/status/1960087967214829689

Federal Reserve Governor Lisa Cook is cooked. Said her home in Ann Arbor, Mich. was her principal legal residence getting a state tax break and a lower mortgage and insurance rate. Two weeks later, she said her home outside of Atlanta was her principal legal residence getting a state tax break and a lower mortgage and insurance rate. This is mortgage fraud.

It's fraud on her property taxes and that's it. Even then it's probably trivial. Could be grounds to boot her job, but it's not some massive deal. The mortgage company had her credit history. They made a business decision. Insurance is a nothing burger whether primary or not.

She was trying to save on property taxes at both properties claiming primary. Illegal. But unless these homes are $3-5M a pop, this is kind of stupid. One county got the taxes to be paid and were whole and the other was short with an illegal homeowners exemption. Which likely is 1-2 weeks of work if that.

Roger is being a bit hyperbolic on this. It is very common for owners of two homes to do this. Once caught they pick the lower taxed home and just make up the back taxes. Really not a big deal. I'd rather we hunt down illegals and murders and clean up our streets. Not my streets. Mine are good. Basically this is a nothing burger and she got caught. She's not going to jail or anything. Just gonna have to pay the taxes.

https://www.coffeeandcovid.com/p/causation-tuesday-august-26-2025

Cue the classic line from Trump’s reality TV show, with a twist. Yesterday, Axios ran the widely covered story under the headline, “Fed governor Cook responds to Trump firing: "I will not resign.”” Now, cue up another historic showdown.

Since the Federal Reserve Act first passed in 1913, no president has ever formally removed one of the Federal Reserve’s governors. The Act expressly permits removal “for cause,” but nobody’s ever tried it, and the Supreme Court has never weighed in on what those two words mean. ...

Yesterday, President Trump quietly notified Fed Governor Lisa Cook of the bad news— via Truth Social. The public termination letter explained that Cook is subject to an ongoing mortgage fraud investigation, that the allegations are credible, and that fed governors must stand above reproach. So: bye, Felicia.

Like everyone else caught in Trump’s crosshairs since he resumed office —USAID, Harvard, and the “Institute for Peace,” for three examples— Ms. Cook knee-jerked by promptly denying that Trump is allowed to fire her. Resist!

In other words, and ironically, Ms. Cook now insists that the Federal Reserve is her primary residence. ...

So, I don’t know what Ms. Cook could be thinking, if she is thinking. If she fights this in court, she has two bad options. She could dispute the charges, which means Trump’s lawyers get to have a field day proving her mortgage fraud in court. Or, she could admit she lied, but attempt to argue that it doesn’t affect her job.

She’s ‘cooked’ either way. Chance she files suit: 50/50.

Yesterday, and even worse for Ms. Cook, her list of lies lengthened. Conservative education activist Chris Rufo (former multiplier recipient), accused Cook of stealing other people’s work in her handful of published works as a U. Mich. professor— nearly all of which were race-hustling nonsense. (Ignore my shocked face.)

Christopher F. Rufo X 4 @realchrisrufo • Apr 10, 2024
We have found that, in a series of academic papers spanning more than a
decade, Cook appears to have copied language from other scholars
without proper quotation and duplicated her own work and that of
coauthors in multiple academic journals, without proper attribution.

In "The Antebellum Roots of Distinctively Black Names," Cook copied-and-
pasted verbatim language from Calomiris and Pritchett, without using
quotation marks when describing their findings, as required by her own
university's written policy.

How could this happen? Rufo risks a ripe defamation lawsuit if he’s wrong. He wasn't wrong about former Harvard president Claudia Gay.

Now, I realize this new academic dishonesty makes Ms. Cook look like the latest Biden DEI hire, someone having zero business infesting one of the most politically powerful appointed offices in the world, but don’t jump to conclusions. It could be worse. It’s not like she wrote “attorney expenses” on a check stub or anything.

At her appointment, Lisa Cook was trumpeted as the first black woman on the Fed board. (Cue claims of racism.) But as far as I can tell, that’s where her accomplishments end. Cook’s sparse academic record has produced no widely cited papers. She’s written no economic books. She never worked in finance. She never won any significant awards that weren’t based on race hustling.

Now she’s saddled with serious credibility problems: alleged mortgage misstatements and new plagiarism claims. For a Fed governor, whose currency is integrity, that’s a devastating liability.

In other words, Trump picked the perfect governor to fry first. Keep cooking.

WookieMan says

It's fraud on her property taxes and that's it.

Nope. Claiming a primary residence is not about getting a break on local taxes. it is about getting a better rate on GOVERNMENT BACKED home mortgages. This kind of fraud can lead to jail time.

HeadSet says

WookieMan says

It's fraud on her property taxes and that's it.

Nope. Claiming a primary residence is not about getting a break on local taxes. it is about getting a better rate on GOVERNMENT BACKED home mortgages. This kind of fraud can lead to jail time.

Our r/e expert doesn't even know what mortgage fraud is!

If one lies on a mortgage application, that's committing mortgage fraud. Duh!

And mortgage fraud is a serious offense, potentially resulting in criminal charges, fines, and imprisonment for up to 30 years.

The 'everybody does it' refrain doesn't change that one iota.

But I am 90% sure I am about to be told I don't know what I am talking about in 5..4..3..2..

The most damning issue is this fat cunt is keeping interest rates high for Americans while lying on mortgage applications so she can pay a lower rate than the average person.

MolotovCocktail says

HeadSet says

WookieMan says

It's fraud on her property taxes and that's it.

Nope. Claiming a primary residence is not about getting a break on local taxes. it is about getting a better rate on GOVERNMENT BACKED home mortgages. This kind of fraud can lead to jail time.

Our r/e expert doesn't even know what mortgage fraud is!

If one lies on a mortgage application, that's committing mortgage fraud. Duh!

And mortgage fraud is a serious offense, potentially resulting in criminal charges, fines, and imprisonment for up to 30

And it gets worse!

(But Wookie Who Doesn't Understand What Mortgage Fraud Is will spin things to cover his fuck up, I am sure. It's his MO.)

There are severe restrictions to renting out an FHA financed home.

HeadSet says

There are severe restrictions to renting out an FHA financed home.

Not if you are a Biden DEI hire, apparently.

Sisters and judgers

Luckily for her, embattled Federal Reserve
Governor Lisa Cook is having her legal action
being decided a by a judge who is her sorority
sister. If that's not a conflict of interest, nothing
is.

Trump fired Cook "for cause" after Federal
Housing Finance Agency Director Bill Pulte
accused her of multiple instances of mortgage
fraud, but she is refusing to clear her desk.
Delta Sigma Theta, the historically black sorority
to which both Cook and DC District Judge Jia
Cobb belong, fosters lifelong sisterhood and
support. To underline that bond, the sorority's
"international president" Cheryl Turner issued a
statement titled "Delta Sigma Theta Sorority,
Incorporated Stands with Dr. Lisa D. Cook."
Despite the glaring ethical issues, it's unlikely
that Cobb will be removed from the case
because her boss, the chief judge, is none other
than Trump-hating meddler James Boasberg.

They are changing the name to Delta Sigma Netflix DEI. LOL! Black masons by another dame.

https://x.com/EricLDaugh/status/1965598740162773490



I think it is no coincidence that one obese DEI hire is covering for another.

Cook is worse than the standard model DEI Soros Impaction. She's Obama's (Intel/s) inside money printing press at the Fed. Obama has tried to fuck the country every which way but loose printing bales of money in the trillions to pay for worldwide election fraud (and here) and to ultimately vitiate the currency. Apparently many of the bales have been intercepted, but we have heard about the ones that haven't.

You have to ask, how can a President even do that? It was the commitment to destroying our country. Clinton/Bush did it, too, but to a lesser extent.

DEI is a fecund birthing of corruptocrats and they are being unreeled with every tinpot DEI Soros Fecal Impaction judge that scribble paper against Trump and get their pictures and names published at large.

C'mon and perp walk the Bitch. It might just chill out the other miscreants.

Misc says

C'mon and perp walk the Bitch. It might just chill out the other miscreants.

It won't. Slap on the wrist for property tax evasion. The governor of IL did it by removing toilets so there were less bathrooms. Well, he's still governor. I don't agree with it but everyone does whatever they can to reduce taxes. Classic Trump/Hillary debate where Trump said he avoids taxes like Hillary's donors do. Is this a surprise to anyone?

WookieMan says

Slap on the wrist for property tax evasion.

It was not about property taxes. It was about getting a more faverable mortgage rate through fraud.

WookieMan says

Slap on the wrist for property tax evasion.

Oh that's right. Mr RE Expert doesn't know what the hell mortgage fraud is.

It's interesting that Trump has the legal right to remove Cook according to the Fed's own charter, but the Fed is proving that it's superior to government in reality.

The charter was bullshit and now the lie is exposed. Those bankers are the true government.

https://slaynews.com/news/trump-preparing-supreme-court-battle-fire-fed-governor-lisa-cook/

President Donald Trump is preparing for a Supreme Court battle to remove Federal Reserve Governor Lisa Cook.

On Monday, the U.S. Court of Appeals for the D.C. Circuit temporarily blocked Trump from firing Cook.

The ruling allows Cook to participate in a pivotal interest rate-setting meeting scheduled to begin Tuesday.

It also sets the stage for the case to go to the high court.

The Trump administration is expected to seek an emergency stay from the Supreme Court.

Anyone who ever hired a fat black female for ANY position is out of his mind.

The stupidest most evil bitches in the USA are fat black women.

Patrick says

It's interesting that Trump has the legal right to remove Cook according to the Fed's own charter, but the Fed is proving that it's superior to government in reality.

The charter was bullshit and now the lie is exposed. Those bankers are the true government.

Agreed. This might be more 3D chess to expose who is actually running things, that the Fed Reserve is non-USA Fed Gov, and that the US corporation is not the USofA Fed Gov.

MolotovCocktail says

WookieMan says

Slap on the wrist for property tax evasion.

Oh that's right. Mr RE Expert doesn't know what the hell mortgage fraud is.

A mortgage rate is trivial to property taxes. So currently she might have got 6.5% on a primary versus a 7.5% on a secondary home. Yes, she lied. It's amortized, but let's keep it simple. 6.5% is $65,000. 7.5% is $75,000. This is on a million dollar home. Now let's look at property taxes on a million dollar home in different locations.

IL: https://www.zillow.com/homedetails/4811-Sebastian-Ct-Naperville-IL-60564/5372651_zpid/
$21,569/yr (will be reassessed if purchased) $1M purchase price.

TN: https://www.zillow.com/homedetails/402-Rudolph-Ave-Nashville-TN-37206/41104507_zpid/
$4,998/yr

Getting a lower amortized rate is trivial by saying it's your primary. I don't have the locations, but this is just an example. You're going to rent out the IL house and have the tenant pay the taxes. The problem is she claimed both as primary. One tax bill would be larger as a non-primary. That would be the IL one. If the mortgage is being paid the lender really gives no shits as well. Would cost the lender more in attorneys fees to take action against her than they'd make up as long as the loan is performing. The STATE and COUNTY are the ones that care.

Gee golly, has nothing to do with property taxes though... 🙄 My example is $16,571 EVERY year assuming it stays flat. An amortized mortgage the interest payment goes down every year and will make no difference in 5-10 years at any substantial level. Mock me all you want, I did this for 15 years and strategized with buyers, sellers and attorneys about this exact thing. These types don't care about the interest rate. It's the property taxes. I think I've made the point pretty clear.

WookieMan says

Gee golly, has nothing to do with property taxes though...

Gee golly...it DOES HAVE NOTHING TO DO WITH PROPERTY taxes.



Mortgage fraud is mortgage fraud. It has nothing to do with property taxes.

WookieMan says

A mortgage rate is trivial to property taxes.

Irrelevant. She committed mortgage fraud by claiming primary residence to get a lower rate and lower downpayment. If she also filed paperwork for a homestead exemption, that is a s separate fraud issue.

HeadSet says

WookieMan says

A mortgage rate is trivial to property taxes.

Irrelevant. She committed mortgage fraud by claiming primary residence to get a lower rate and lower downpayment. If she also filed paperwork for a homestead exemption, that is a s separate fraud issue.

Doesn't matter. He's in another planet. Can't stay on topic.

clambo says

Anyone who ever hired a fat black female for ANY position is out of his mind.

My wife used to work as a contractor at NASA. I visited her at work a few times.

Pretty much all of the NASA permanent government employees in management were obese black women. I think the tragic levels of diversity hiring explains why NASA hasn't done much lately.

MolotovCocktail says

Gee golly...it DOES HAVE NOTHING TO DO WITH PROPERTY taxes.

The biggest amount lost is property taxes. Not interest. I said she lied, not sure how else to explain that. She did it for a property tax break. Prove otherwise beside whining. Anything. A link. Something.

A bank also gets less in interest over time. A 1-2% different in a "fraudulent" mortgage is nothing. $16,000+ a year that grows to $20-25k is huge. It's all about property taxes. You guy read a story and believe it to be true. The interest rate is trivial. Property taxes are massive between states annually. Call it fraud, lenders don't care if it preforms. This is similar to what happened to Trump with Mar A Lago. He tried to lower the value to pay less in property taxes. A 5% or 8% interest rate doesn't matter to this class. They can save more on property taxes.

WookieMan says

The biggest amount lost is property taxes. Not interest.

So fucking what?

Immaterial.



WookieMan says

Prove otherwise beside whining. Anything. A link. Something.

Prove what? Who cares about the fucking property taxes? Nobody.

It has nothing to do with the mortgage fraud she engaged in, which is what the topic of this entire thread is about.

WTF?

The fraud is significant because she is maintaining high interest rates while at the same time committing fraud to achieve a lower interest rate for herself.

How much or how little money is involved is completely irrelevant.

clambo says

The fraud is significant because she is maintaining high interest rates while at the same time committing fraud to achieve a lower interest rate for herself.

How much or how little money is involved is completely irrelevant.

Tax evasion is a far bigger issue. No one has to listen to me because you guys don't know. Property taxes are reported on 1040's. It's a federal tax law violation. The lender literally doesn't care as long as the loan performs. This is what Trump went through by giving a lower value. I don't know her specific loan amounts and location, but the property taxes get the IRS involved for lying on your taxes and local counties pissed and suing for damages where they occurred.

In Trump's case he still paid the assessed tax rate for the counties value. So he avoided the IRS. Banks don't care about anything if you pay. They'll only start looking into it if you don't pay. Know some bank owners and attorneys, might help.... They're making amortized interest, paid up front the difference between 7 and 8% doesn't matter to them. They know the house will be sold in 10 years and it's off the books.

Ultimately it's the underwriters fault for not looking into it more anyway. She got caught on her taxes claiming 2 primary residences. Call her stupid, fine, but this is an IRS situation. Again, mortgage fraud is a slap on the wrist. Tax fraud is a different animal. Depending on properties it could be $100-200k not paid to the counties the properties are in. Supposed "mortgage fraud" could only be a couple thousand depending on values. She pays that back and goes on about her life besides being fired. IRS for lying on property taxes is handcuff time.

Read your taxes next time if you file your own about primary residences. Don't call people out for something you don't know. Attorneys fees for the bank would cost more than the difference in interest. It's tax fraud. County loses money and Federal wages are taxed less if itemizing. Don't believe every news story. Is she in trouble yes, but not for mortgage fraud.

WookieMan says

Slap on the wrist for property tax evasion

WookieMan says

IRS for lying on property taxes is handcuff time.

WookieMan says

Again, mortgage fraud is a slap on the wrist. Tax fraud is a different animal.