From Newsgroup: alt.buddha.short.fat.guy


NY Times,

Does President Trump have the authority to remove Ms. Cook?
The president cannot oust a Fed board member without ocause,o which is typically interpreted to mean malfeasance or gross misconduct, but
that has not been fully tested in court.

Lev Menand, a professor at Columbia Law School and former economist at
the Federal Reserve Bank of New York, said he thought the allegations
so far against Ms. Cook were onot sufficiento to allow Mr. Trump to
remove her from the Fed, adding that she has not been charged or
convicted of any crime.

oIf there were a conviction for mortgage fraud, then we have this
question of whether or not the statute would allow that as causeo for
her firing, Mr. Menand said, noting that the law generally permits
dismissal for wrongdoings related to professional misconduct.

oThis would be a complicated proceeding,o he said.

It is also unclear whether actions taken before a Fed official took
public office would be justifiable grounds for removal, according to
Peter Conti-Brown, a professor at the Wharton School at the University
of Pennsylvania.

He said there appeared to be omore smoke here in terms of wrongdoingo
compared with the presidentAs recent focus on the central bankAs
building renovations. But he said it was also oan escalation of the manufactured crisis around Fed legitimacyo that Mr. Trump has
fostered.


In other words, to be removable with cause, ms cook would need to be
convicted of something, not merely accused by himbo.
--
Noah Sombrero mustachioed villain
Don't get political with me young man
or I'll tie you to a railroad track and
<<<talk>>> to <<<YOOooooo>>>
Who dares to talk to El Sombrero?
dares: Ned
does not dare: Julian shrinks in horror and warns others away

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From Newsgroup: alt.buddha.short.fat.guy

On 8/26/2025 10:00 AM, Noah Sombrero wrote:

NY Times,

Does President Trump have the authority to remove Ms. Cook?
The president cannot oust a Fed board member without rCLcause,rCY which is typically interpreted to mean malfeasance or gross misconduct, but
that has not been fully tested in court.

Lev Menand, a professor at Columbia Law School and former economist at
the Federal Reserve Bank of New York, said he thought the allegations
so far against Ms. Cook were rCLnot sufficientrCY to allow Mr. Trump to remove her from the Fed, adding that she has not been charged or
convicted of any crime.

rCLIf there were a conviction for mortgage fraud, then we have this
question of whether or not the statute would allow that as causerCY for
her firing, Mr. Menand said, noting that the law generally permits
dismissal for wrongdoings related to professional misconduct.

rCLThis would be a complicated proceeding,rCY he said.

It is also unclear whether actions taken before a Fed official took
public office would be justifiable grounds for removal, according to
Peter Conti-Brown, a professor at the Wharton School at the University
of Pennsylvania.

He said there appeared to be rCLmore smoke here in terms of wrongdoingrCY compared with the presidentrCOs recent focus on the central bankrCOs
building renovations. But he said it was also rCLan escalation of the manufactured crisis around Fed legitimacyrCY that Mr. Trump has
fostered.

In other words, to be removable with cause, ms cook would need to be convicted of something, not merely accused by himbo.

Ultimately, the issue hinges on how a court will interpret "for cause"
and whether the allegations against Cook justify her removal. Pam is
probably drawing up papers today charging Cook with mortgage fraud.
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