Help Me Understand - mytrbroadcast.com

The headline is rhetorical, but the recent facts concerning both the Federal Reserve, as well as its currently embattled Governor Ms. Cook, appear to be just that – facts. And their indications are showing and growing by the day that the Federal Reserve, along with its Chair Jerome Powell et al, are adamantly playing politics and, more importantly, want the world to know it.

In my last few notes I laid out the reasoning why this should be apparent to anyone with a modicum of both business acumen, as well as business ethics. I’ve received some push back on my assertions over the past few days, and in general for years when I tried, ad nauseam, to demonstrate just how politically inclined to a fault this institution truly was. All one needed to do (and I wrote about it in real time) was watch the very public, disgusting way, Mr. Powell treated the mere mention of the President’s name right after his (Mr. Powell’s) confirmation by the very same.

Again, to be clear, I don’t care what side of the political spectrum he or anyone else falls on, for this is not a political discussion per se. However, when the person in charge of the financial complex of the United States verbally signals publicly he has no respect for the man that just appointed him – you need to take notice. For you’re now seeing the results of it, in real time today, as I type.

Overnight it has been learned that Ms. Cook has now had another charge brought against her. This is right after she stated publicly and acknowledged the first, describing it as a clerical error. It is becoming increasingly apparent her true error is that she’s been arrogant while continuing to be. i.e., thinks everyone is stupid. Let me explain…

You can make a clerical error, fine, I cede that point. However, was it a “clerical error” as one is making the payments that their rate is the same (e.g., lower) as their actual “primary” home? For both can not be the same unless that “clerical error” is being applied to both, correct?

So, what’s worse? Keeping your mouth shut while banking the dividend saved, hoping no one finds the mistake? Or, making the error intentionally and plead “It was a mistake!” when caught?

It’s OK, I’ll wait.

“But wait… There’s more!” as the late night infomercials used to scream…

How does one square this circle, ready?

On the documents for a third home, another error seems to have been found (aka new criminal referral) where it’s listed as a “second home” not a third. Did she forget she owns two more? Oh, and it also appears this “error” was made by someone at her 2023 nominating hearing stated…

“I have significant experience in banking and finance, as is evidenced by my service on the board of directors of the Federal Reserve Bank of Chicago and of a Community Development Financial Institution in Michigan, in addition to my employment at an investment bank and a large commercial bank.”
https://www.zerohedge.com/political/feds-lisa-cook-sues-keep-job-amid-mortgage-fraud-fiasco

I could go on, but I’ll stop here because this last point proves the whole. Again, ready?

With what has come out so far, which is damning for someone in her position, Mr. Powell et al seem content to let “the court” decision play out as to whether or not Mr. Trump can fire, for that appears to be their stance, still, as the determining factor – not ethics, impropriety or any other public sullying of the Fed’s so-called “sterling, non-partisan reputation.” Which, one would assume, would be Mr. Powell’s job to protect and rectify with immediacy should the need occur. That’s what being “the Boss” means, does it not?

Yes, I’m aware he (Mr. Powell) may not be able to “fire” her because of the political appointment laws. However, that doesn’t stop him from putting pressure on Ms. Cook by addressing the seriousness of the allegations, publicly, as to help persuade that individual there is and will be no quarter reserved at the Fed for such if found true.

Yet: the silence is deafening.

So with that said, I’ll just leave you with the following thought…

If you are still unconvinced at this late stage that the Fed is a complete and total house of partisanship and political bias, I have some wonderful ocean front property in Kentucky I’ll let you have, cheap. And you can claim “whatever” for “residence” your little heart desires.

Note: This commentary is for education purposes only and is not to be construed as trading or investing advice of any sort. These commentaries/opinions are for “big picture” discussion purposes only. Please read, or re-read the “About This Site” page for any questions or clarifications.