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The administration has just directed the head of the FHFA to create a pretext to illegally remove a governor of the Federal Reserve, what on earth do you think
by grover_board 1y ago
The administration has just directed the head of the FHFA to create a pretext to illegally remove a governor of the Federal Reserve, what on earth do you think would stop House Republicans from ginning up some nonsense pretext for a politically motivated DoJ investigation? Why on earth do you think these people are bound by anything other than what they can get away with?
- tptacek 1y agoSee the difference? The administration can in fact disrupt the Federal Reserve, and appears intent on doing so. But they would much rather you were talking about Wikipedia, which is something they have basically no power over whatsoever.
- Tadpole9181 1y agoUh, no. The administration explicitly cannot disrupt the federal reserve by law. That's why they're cooking bogus justifications against the governor. Likewise, they'll just make shit up or use some tiny administrative technicality against Wikipedia.
- tptacek 1y agoI do not disagree. The administration should not be allowed to terminate Fed governors. I'm optimistic that there is a SCOTUS majority that will prevent it (they explicitly drew a line around the Federal Reserve recently), but we'll see. But clearly: the administration can fire Executive Branch employees, and has a legal interpretation extending that the the Fed. There is nothing at all connecting the administration to Wikipedia. People are falling for an op the GOP is running.