Political Gabfest Dial M for Mortgage Fraud
40 snips
Aug 28, 2025 This discussion dives into Trump's recent attempts to bend the Federal Reserve's credibility by launching mortgage fraud allegations against a governor. The hosts also critique the National Guard's growing role in domestic law enforcement and explore the political ramifications of targeting certain individuals. Renewable energy initiatives face a fierce assault, sparking debates on economic stability and federal policies. Additionally, quirky anecdotes and NYC scandals add a whimsical layer to the serious topics at hand.
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Personal Attacks To Undermine The Fed
- Trump is using allegations against Fed Governor Lisa Cook to delegitimize the Fed and push his economic narrative.
- John Dickerson argues this personal attack is meant to weaken the institution's authority and advance Trump's preferences on rates.
For-Cause Firing Sets Up A Supreme Court Test
- The legal fight over firing a Fed governor 'for cause' will test the Supreme Court's Wilcox signals about Fed independence.
- Emily Bazelon warns the Court may be forced to clarify whether 'for cause' claims are meaningful or merely pretextual.
Markets Shrug, Longer-Term Trust Risks Rise
- Markets have largely shrugged at attacks on Fed independence, reflecting short-term appetite for deregulation and low rates.
- The hosts warn this complacency ignores medium-to-long-term risks to trust and risk premiums.
