Market Analysis: Trump's dismissal of Fed Governor Cook lacks legal basis
market analysts pointed out that Trump's dismissal letter cited a criminal referral from the Director of the Federal Housing Finance Agency, accusing Federal Reserve Board member Cook of making false statements in one or more mortgage applications. Trump therefore claimed that he could dismiss Cook under the "just cause" provision in the relevant regulations. However, a criminal referral is not a criminal charge, let alone an indictment or arrest warrant; it only represents suspicion and does not require "reasonable grounds" or even an investigation. A criminal referral is essentially not a legal document, it simply means that certain actions may be worth investigating. Because of this, criminal referrals are easily politicized and manipulated, and their existence does not constitute a valid basis for dismissal under "just cause." This is the reason why Cook will win the lawsuit.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Google: Why We Want to Build Our Own Blockchain GCUL
This is more like a consortium blockchain dedicated to stablecoins.

In-depth Analysis of USD.AI: Backed by YZi Labs Investment, Enjoying Both Stable Returns and AI Dividends
USD.AI generates yields through AI hardware collateralization, filling the gap in computing resource financing.

The Prophet Returning from the Cold
Chainlink has not replaced traditional financial systems; instead, they have built a translation layer that enables traditional financial systems to "speak the language of blockchain."

[Long Thread] Besides securing a $10 million investment from WLFI, what makes Falcon stand out?
Trending news
MoreCrypto prices
More








