Is the Supreme Court Playing a Secret Game to Shield Their Bottom Line by Delaying Lisa Cook’s Federal Reserve Exit?
You ever wonder what happens when the Supreme Court steps in not to uphold the law, but to shuffle the deck in favor of the big players? Yeah, me too. Just recently, the justices tossed a curveball by postponing a decision on whether the Trump administration could boot Lisa Cook from the Federal Reserve—a move that’s less about her mortgages and more about shielding an oligarchical playground from presidential meddling. It’s almost like Chief Justice Roberts is protecting two icons: killing voting rights quietly and keeping the elite’s grip tight on power. Meanwhile, poor Lisa gets extra time to fight back, and the presidency is left steaming in the White House stew. This isn’t just a legal spat; it’s a power play with the Fed’s independence hanging in the balance, raising the ever-pressing question—if the Fed’s so unique, why all the fuss over who can fire whom? Buckle up—this saga is just heating up.
Oh, look. The Supreme Court justices vote their pocketbooks—or their portfolios—just like all the rest of us do. Lisa Cook gets to keep her job at the Federal Reserve—for a little while longer, anyway. From The Wall Street Journal:
The court in a brief order deferred a decision on the Trump administration’s emergency request to remove Cook from the central bank’s independent board while a lawsuit challenging her dismissal proceeds. The justices on several occasions have allowed Trump to fire officials at other government agencies, but they also have signaled they believe the Fed is unique and enjoys more protections from presidential intervention. By placing the case on its argument calendar, the court bought itself more time to consider the issue and dealt at least a mild setback to the president. The move also gives Cook more time to rebut allegations that she misrepresented personal information about two mortgages she obtained in 2021, weeks apart, for homes that her loan documents said would be primary residences.
It long has been clear that Chief Justice John Roberts has two primary goals in mind for the carefully cultivated conservative majority that Leonard Leo has gifted him. One is to murder all voting-rights legislation, and the Court is likely to do that next session. The other is to protect and to privilege the oligarchical elements of American society.
I suspect that’s what this is all about. It’s spurious that the Court gave the Fed an exception to protect it from the president’s license to fire anyone in the Executive branch. It’s what Scott Lemieux at Lawyers, Guns, and Money calls Roberts’s stare circulus jerkus. Still, Lisa Cook gets to keep the gig for a while as she prepares her wrongful termination lawsuit against, well, everybody. And the president gets to fume and fulminate in the White House. Small victories.
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