
© UnknownUS Federal Reserve building
The Supreme Court said more than they needed to in
Trump v. Cook. Their narrow task was to decide
whether Lisa Cook should be allowed to remain on the Federal Reserve Board while the litigation over Trump's attempted removal of her continues. The 5-4 decision was that she should remain in office for the time being.
Why, then, is the document 83 pages long? The reason for the length is because it stands in direct conflict with the court's opinion in
Trump v. Slaughter (released on the same day!), which was that
the president has pretty much unilateral authority to fire executive officials, even those in "independent" agencies like the Federal Trade Commission.(Judge) Roberts wrote the majority opinion, which starts with a history of America's experience with central banks and government control of money, going all the way back to the collapse of the Continental currency during American Revolution. He traces through the lessons learned from the
Bank of the United States and the Second Bank of the United States. Like me, you might be wondering why
any of this would be relevant to the matter at hand: whether Lisa Cook should keep her job while her firing is litigated.
Comment: Ya think? California is a fish rotting from the head.