Slate Daily Feed Political Gabfest | Dial M for Mortgage Fraud
4 snips
Aug 28, 2025 This week, the hosts dive into Trump's attempt to undermine the Federal Reserve by accusing Governor Lisa Cook of mortgage fraud. They also discuss the controversial role of the National Guard in local law enforcement and the negative impact of the administration's assault on renewable energy. A bizarre bribery scandal in NYC adds to the political intrigue. Plus, an engaging chat about the historical parallels in New York City's mayoral race highlights the evolution of political dynamics.
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Delegitimizing Individuals Weakens Institutions
- Trump uses allegations and access to government records to delegitimize institutions like the Fed.
- Delegitimizing individuals weakens institutional power and shifts economic narrative control to the president.
Markets Shrug But Long-Term Trust Is At Risk
- Markets have largely shrugged at attacks on Fed independence despite long-term risks.
- Short-term gains obscure medium- and long-term trust and risk problems for the U.S. economy.
Court's Wilcox Signal Leaves Fed's Fate Unclear
- The Supreme Court signaled limits on firing independent-agency officials but left the Fed exception vague.
- Lisa Cook's lawsuit will force the Court to define whether "for cause" has meaningful limits.
