President Donald Trump’s decision to remove Federal Reserve Governor Lisa Cook set off Rep. Maxine Waters, D-California.
Claims that she misrepresented mortgage information resulted in Cook’s removal, and Waters claims this was “absolutely one of the most destructive things that this president could do.”
“It is time to call for Article [Amendment] 25 of the Constitution of the United States of America to determine his unfitness, to determine that something’s wrong with this president. And I would suggest that we move very aggressively to talk about the danger to this country and to our democracy and not play around with this, because this is absolutely one of the most destructive things that this president could do,” she said while on MSNBC’s “The Weeknight.”
“This stands to basically upend the entire economy. This stands to really deal with what is going to happen on Wall Street, what’s going to happen with interest rates, what’s going to happen with the president of the United States being able to make decisions that he will personally benefit from. And so the world, and certainly the United States, should be watching this very closely. As far as I’m concerned, we have to move very aggressively. It is not about lingering and trying to think that maybe the courts will help us,” she continued.
On Thursday, Cook slapped the Trump administration with a lawsuit that claims “the president had not met the standard of a removal for cause and requesting a restraining order to allow her to remain on the Federal Reserve,” according to Fox News.
“I think it’s jarring to hear Congresswoman Waters say it’s time for the 25th Amendment. But, I mean, presidents have been impeached for much less,” MSNBC host Symone Sanders-Townsend said to Rep. Debbie Wasserman Schultz, D-Florida, asking for her take on the argument.
“Donald Trump’s real preference is to fire Jerome Powell. But he knows that that’s a bridge too far. So what he’s doing instead is, he’s taking a monkey wrench, and he’s going to go in and try to meddle with the component parts of the Federal Reserve by trying to fire Lisa Cook on something that was maintained in the court case today, that she’s not even being investigated for. By the way, the so-called fraud that she is being accused of, she didn’t even get preferred interest rates on any of the mortgages that she obtained, which demonstrates that she didn’t break the law. It’s preposterous,” the congresswoman said.
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Author: Sierra Marlee
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