When it comes to this injunction, what
will Lisa Cook learn?
I think that she's likely to prevail.
Um, you know, the purpose of injunction
typically is to balance
um a variety of things. You know, harm
to the parties uh likelihood of success
on the merits and is usually designed to
fashion a remedy intended to preserve
the status quo. status quo is she's a
Fed member um on the likelihood of
success on the merits. It's very hard to
see how uh Trump's attempt to be jury,
judge and executioner on you know mere
allegations at this stage of the game uh
that you know never never before
prosecuted uh uh in any way. not not
something that uh uh would typically be
seen to rise to the level of malfeasants
or corruption um associated with the
traditional meaning of for cause. Hard
hard to see how um u he you know strains
the uh limits of his presidential power
uh more by getting this accomplished. So
I I think the courts uh are likely to um
resist this.
This does go to the Supreme Court. We
have covered some of this ground before.
We've been hearing a lot about Trump
versus Will Cox, right? The Federal
Reserve, a uniquely structured quasi
private entity, the court said that
follows on the distinct historical
tradition of the first and second banks
of the United States. So do we actually
know how this ends?
Well, that was set in February. So, you
know, that's that's not ancient. Um and
uh I think the court is likely to you
know sustain that position with regard
to a u a fed member. Um
you know it's it's complicated because
they clearly are on a mission at some
point to overrule Humphrey's executive
which is the um Keystone opinion from
1935 that authorizes independent
congressional agencies. Um but as as you
mentioned in the uh opening uh this the
court has already this year on at least
two occasions made it very plain that uh
the uh president has that uh has that
power as the executive. Um but um as you
just pointed out the Fed is really
different. The court has said that it's
different. Even Alo has indicated that
he views it as differently. So I think
um with with Robert Alo and Kavanaaugh
who've uh suggested that's their views
um and u and the remaining judges uh um
many of whom will uh agree. Uh I I think
it's unlikely that the uh president
prevails at the Supreme Court assuming
this case gets there.
Okay, got it. You know, we've heard from
both the president and the Fed chair Jay
Powell that they will abide by the
court's decision. You take them both at
their word.
I take I take Chairman Pal's word.
I guess that answers that question. Um,
interesting. You know, it's obvious that
you've been critical of the president uh
in the past, Tai Cobb, and you've even
appeared on a list uh that we've talked
about in the past, and I wonder after
seeing John Bolton's house raided if
you've been checking your door.
Uh, it's funny. I I you know, as you
know, I was interviewed recently about
that and I flippantly said that uh when
I heard about it, I went down and locked
my door. Um uh
was that I'm not uh thinking about it
24/7. Uh but uh I think that, you know,
his retribution um and vengeance
campaign is, you know, on full display.
You've got, you know, Bolton, you've got
uh um Chris Christie recently. Um you've
got um all the prosecutors who
investigated him, all the prosecutors
who um prosecuted January 6th uh thugs
um and protesters uh all all the all the
FBI uh people who were involved in those
investigations. So I mean there's a he
has a he has a long track of uh you know
vengeful actions and it's not going to
stop until you know either Congress, the
courts or somebody makes him stop. There
was a there was a good move yesterday,
frankly, by Judge Cullen in Maryland
when he u prevented uh the president's
effort to force out all all Maryland
federal judges from a um one of the
immigration cases. um Judge Colin from
uh Virginia um you know uh who was
assigned the case uh because the other
judges had been um um recused from that
um you know made it made it very plain
that the um the the judges are getting
tired of the name calling and the
assault on their um authority and uh and
the third branch of government. Uh he
highlighted in a footnote uh that the
president had called federal judges
left-wing, liberal, activist, radical,
politically minded, rogue, unhinged,
outrageous, overzealous,
unconstitutional, crooked, and worse,
and made it clear that that was uh
unprecedented and unfortunate. Um
ideally uh the courts will be able to
continue in that mode and you know
return uh the presidency to the norms
that have guided us for 250 years. But
um a lot of damage has been done
particularly the Justice Department, the
FBI and um internally within within the
government.