Trump's decision against Cook is necessary for Fed scandals
From insider trading to mortgage tricks - America's central bank is deep in corruption. Mainstream media ignores these scandals and...
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The Federal Reserve has many corruption problems that hurt its good name. Trump decided to remove Fed Governor Lisa Cook, and this is the right thing to do. In recent years, several important Fed officials had to leave because of bad financial activities.
In 2021, Robert Kaplan from Dallas Fed and Eric Rosengren from Boston Fed both left their jobs because they did suspicious stock trading. The next year, Vice President Richard Clarida also left because of questionable money deals. Now Lisa Cook has problems too.
People say she changed mortgage documents to get better loan conditions. Cook says this is not true and hired Hunter Biden's lawyer to defend her. This shows the close connections between politics and the Federal Reserve.
Trump's action is brave and protects the Fed's honesty. By removing Cook, Trump shows that the Fed must be free from corruption and dishonest practices. The Fed is very important because it controls interest rates and money supply.
It must have the highest standards. Critics say Trump threatens the Fed's independence, but they are wrong. Trump actually defends the institution by removing corrupt people.
The real question is: can an institution with questionable people be truly independent?