Reposted by Mike Masnick
https://bsky.app/profile/mmasnick.bsky.social
Mark Joseph Stern
@mjsdc.bsky.social
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If Judge Katsas is correct that Trump can fire Cook “for cause” by lobbing unproven accusations of fraud without an iota of due process, then the Fed’s “for cause” removal protections are meaningless. This is a joke of a dissent.
The President plainly invoked a cause relating to Cook's conduct, ability, fitness, or competence. The allegations against Cook could constitute mortgage fraud if she acted knowingly, and that is a felony offense. See 18 U.S.C. $§ 1014,
1344. "[F]raud" is an "excellent reason" for removal, not merely a permissible one. Calcutt v. FDIC, 37 F.4th 293, 338
(6th Cir. 2022) (Murphy, J., dissenting), rev'd, 598 U.S. 623
(2023). Moreover, even absent intentional misconduct, any misstatements in formal applications for six-figure loans are at least concerning. And the President specifically concluded that the allegations cast doubt on Cook's "competence and trustworthiness as a financial regulator." ECF No. 1-4 at 2.
That is plainly a permissible "cause" under section 242.
ALT
Kyle Cheney
@kyledcheney.bsky.social
· 1h
BREAKING: The DC Circuit has *rejected* Trump's bid to fire Lisa Cook from the Fed board, allowing her to participate in tomorrow's interest-rate setting meeting.
Trump's last hope is a quick stay from SCOTUS. storage.courtlistener.com/recap/gov.us...
September 15, 2025 at 8:42 PM
If Judge Katsas is correct that Trump can fire Cook “for cause†by lobbing unproven accusations of fraud without an iota of due process, then the Fed’s “for cause†removal protections are meaningless. This is a joke of a dissent.
— Mark Joseph Stern (@mjsdc.bsky.social) 2025-09-16T00:42:44.397Z
BREAKING: The DC Circuit has *rejected* Trump's bid to fire Lisa Cook from the Fed board, allowing her to participate in tomorrow's interest-rate setting meeting.
Trump's last hope is a quick stay from SCOTUS. storage.courtlistener.com/recap/gov.us...
— Kyle Cheney (@kyledcheney.bsky.social) 2025-09-16T00:09:02.355Z
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