Transcript
A (0:01)
This episode is brought to you by Onnit. Ever feel like your brain just won't click? Onnit Alpha Brain is a daily supplement engineered to support memory, focus and mental speed. Made with science backed ingredients, Onnit Alpha Brain helps you lock in, tune out distractions and stay sharp. Unlock your flow state. Visit onnit.com for 15 off. Subscribe and save and get on the zone. Charlie Sheen is an icon of decadence. I lit the fuse and my life turns into everything it wasn't supposed to be.
B (0:37)
He's going the distance. He was the highest paid TV star of all time. When it started to change, it was quick.
A (0:43)
He kept saying no, no no, I'm in the hospital now but next week I'll be ready for the show. Now Charlie sober, he's gonna tell you the truth. How do I present this with any class?
C (0:52)
I think we're past that Charlie.
A (0:53)
We're past that. Yeah. Somebody call Action AKA Charlie Sheen. Now playing only on Netflix. If you're alignment in charge of keeping the lights on, Grainger understands that you go to great lengths and sometimes heights to ensure the power is always flowing. Which is why you can count on Grainger for professional grade products and next day delivery. So you have everything you need to get the job done. Call 1-800-GRAINGER click granger.com or just stop by Grainger for the ones who get it done.
D (1:30)
I'm 32, juggling family, working full time and earning a Bachelor's degree at University of Phoenix. I earn career relevant skills with every five week course. Skills I can use now, not just after graduation.
B (1:41)
Earn skills weeks, not years.
E (1:43)
Visit phoenix.edu Some days call for working.
D (1:47)
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C (2:15)
Well, Donald Trump hates the publicity and the news reporting he's getting out of his UK visit. He hates what Cash Patel has done to him by his failed performance before the House and Senate Judiciary Committee. So right on time we have a new filing, the emergency application filed by the Solicitor General John Sauer to try to get Lisa Cook of the Board of Governors who just voted for a rate cut to get her off of the Federal Reserve so Donald Trump can get complete control so that he can go from having three votes about interest rates to having seven votes about interest rates or eight votes about interest rates. Cuz he's got to get rid of Lisa Cook first. And they've been trying to frame her for mortgage fraud, which is untrue and false and the exact same thing that they claim she did. Four different members of Donald Trump's cabinet has done, including the Treasury Secretary and the person that's accusing her of having committed mortgage fraud. His own parents committed mortgage fraud, if that is mortgage fraud and property tax fraud to boot. And now you've got the emergency application. Wait till you hear what they're arguing to the United States Supreme Court on the emergency application. I mean, of course, if I had an 84% winning streak on emergency applications on shadow dockets, I'd take a shot too. But this is a ludicrous, ridiculous legal analysis. I'm giving it too much credit just calling it a legal analysis. I'm Michael Popak, you're here for the legal analysis on the Midas Dutch network and on Legal af. Let's talk about the application. This is a shadow docket, meaning the first stop on the shadow docket is the John Roberts. Lisa Cook is still on the Federal Reserve. She just voted in the Federal Open Markets Committee meeting yesterday along with 12 other people. 11 other people, 11 to 1. They voted to cut rates a quarter of a point. Now they're trying to get her off before the next meeting. All this has to do with whether she took out two primary mortgages, primary home mortgages on two different properties. You can only have one primary mortgage, only one primary residence. Everything else is your secondary home, your second home, your vacation home, your rental property. Why does it matter? Because sometimes banks gives, sometimes banks give you a rate cut if it's your primary residence. The theory being you won't default on the place that you live. That's not what she did. That's not what the evidence shows. But they keep arguing it even though it's wrong, hoping to make it so. Their first argument in their brief, which I'm going to post on Legal a F sub stack, is that you, you as a court can't even review a Supreme Court. You can't even review the actions of the President because when there is a for cause requirement to fire somebody that Congress has given to the President, but they haven't told the President what the for cause can be. The President has free hand to declare the four cause reason that the bad conduct reason, anything that that President declares it to be, and it's not reviewable by the federal courts. How Convenient. So in other words, the four cause is whatever Donald Trump says it is and it can't be reviewable. And for that point, John Sauer couldn't help himself. He had to mention the immunity decision, the one where the, where the Trump administration, where Donald Trump won and got immunity from criminal prosecution, in which they also made comments about the robust powers of the Presidency and Article 2. He loves talking about that case that he won. He also spends a considerable amount of time talking about Black's Law Dictionary, but spends zero amount of time talking about a May of this summer decision just several months ago by the United States Supreme Court about 4 cause and the federal Reserve in the Wilcox case, which is not discussed anywhere. Tellingly in this, in this new submission, the Supreme Court in handling another matter involving the National Labor Relations Board, said out loud that the Federal Reserve and the chairman or others can't be removed from the Federal Reserve without for cause, that Congress put that protection in and the Supreme Court was going to allow that protection to stand because of the unique history and quality of the Federal Reserve as an independent central bank. Even though they're letting, the Supreme Court is letting Donald Trump fire everybody, all the commissions, all the agency heads, everybody he doesn't like, but not the Federal Reserve. They said the hands off. You have to have a, you have to have a for cause. Now, for cause has been defined in case law to mean generally inefficiency, neglect of duty and malfeasance. And that's what was applied by the judge, Judge Cobb, when she handled the case at the lower level. Judge Cobb found that Lisa Cook's due process rights were violated because she has a property interest in the continuation of her 14 year tenure as on the, on the Federal Reserve until 2038. That gave her Fifth Amendment due process rights. That issue was upheld 2 to 1 by Judge Garcia and Judge Childs, by the appellate court just above them, finding that yes, she has a due process right, the due process right was violated and therefore her firing is blocked. Due process means you're given an opportunity to defend yourself in some sort of hearing setting. There's a determination, there's a hearing and you get due process. She got no due process. You know what the due process is that John Sauer tells the Supreme Court she got? There was a mean tweet, a social media posting by Bill Pulte. He's the Nepo baby, you know, billionaire son of Mark Pulte Homes Construction, who bought his way on to Freddie Mae and Fannie Mac, the mortgage liquidity provider, in order to be Donald Trump's henchmen. And he goes after Democrats, only Democrats only for purported mortgage fraud. And he posts, you know, these, these half ass incomplete documents. Oh, I got two, two pages with Lisa Cook signature on it. She took out a mortgage in Michigan and a Mission and a Michigan and an Atlanta mortgage in Georgia at the same time. Primary residences. Yeah. Reuters broke the news. If you had done your research, Palti, that the credit union that Lisa Cook got her mortgage from had known that it was her second home. She declared the Georgia property to be her vacation home. She did not take the mortgage, the property in Georgia as her primary residence for property tax abatement or cut. She took that in Michigan.