On today’s BradCast: With authoritarianism now having descended upon these United States, the full-throated pushback against it, at least by some, continues. In the courts. At the ballot box. And even as the corrupt man baby President ups his abuse of the federal government apparatus in his twisted quest for revenge against his perceived political enemies. [Audio link to full show follows this summary.]
Before we get to our guest today, a few news headlines of note…
- Republicans in the U.S. House surreptitiously moved to create a new January 6 Subcommittee to “uncover the full truth that is owed to the American people…that House Democrats skipped over,” according to GOP House Speaker Mike Johnson. As discussed today, that effort to reopen the insurrection that Donald Trump incited in hopes of stealing the 2020 election may not go so well for Republicans.
- Meanwhile, Americans continue to reject Republicans at the ballot box by enormous numbers. Last week, it was a state Senate seat in a ruby-red District in Iowa where Kamala Harris had lost by 11 points last November, but where the Democratic candidate won a special election last week by 11 points. On Tuesday this week, it was two state legislative seats in heavily Democratic districts in Florida. There as well, we saw a huge swing towards the Dems, with a state House victory in which the Dem picked up 15 points over Harris’ tally last year, and in a state Senate special election, where the Dem candidate won while gaining 22 points compared to the Presidential results in November.
- And it’s not just voters turning against Trump. His losses in federal courts continue to mount this week. Among them, yesterday a U.S. District court judge ruled that Trump’s use of National Guard troops for domestic law enforcement in Los Angeles was “willfully” in violation of the Posse Comitatus Act (1878). And a federal appeals court affirmed that his use of the Alien Enemies Act (1798) earlier this year to deport hundreds of Venezuelan migrants was unlawful as well. Today, a federal district court judge sided with Harvard University, finding Trump’s attempt to withhold $2 billion in federal research grants from the Ivy League school was unlawful.
- Kyle Clark, brilliant local anchor at NBC-affiliate station 9News in Denver, tells viewers: “If this was happening in another nation, we’d call it by name. It’s authoritarianism.”
Then it’s on to Trump’s War of Revenge against his perceived political enemies. He’s mad at his Fed Chair Jerome Powell for not lowering interest rates quickly enough. But, since he can’t fire Powell, he tried to take aim last week at Fed Governor Lisa Cook, the first (and only) black woman ever named to the Federal Reserve Board since its creation in 1913.
Trump is attempting to fire Cook based on public allegations made by Trump’s very MAGA head of the Federal Housing Finance Agency (FHFA) that she had committed mortgage fraud. Prior to his criminal referrals of Cook to the Dept. of Justice, Trump’s FHFA chief Bill Pulte (pictured above) made similar public allegations against New York Attorney General Letitia James (who won a half billion dollar financial fraud suit against Trump, his company and his two eldest sons last year), and California‘s U.S. Senator Adam Schiff (who played key roles in both Trump’s second impeachment for his January 6 insurrection and on the bipartisan U.S. House Select Committee which publicly investigated it.)
As absurd as the mortgage fraud allegations against all three Democrats appear to be, the way they came about is even more absurd, as detailed today by our guest, MICHAEL HILTZIK, LA Times‘ Pulitzer Prize-winning financial journalist and author. He wrote about all of this last week.
“This is the most transparent act of political retribution that I have ever seen, and I’ve been at this for a long time,” Hiltzik tells me today, in reference to the allegations against Cook, who is challenging Trump’s attempt to fire her in a lawsuit. “It’s not only that, it’s also the most absurd.”
Tune in for the remarkable details, but in general, Hiltzik explains, Pulte — who spends much of his time as a MAGA influencer on social media — is Director of the FHFA, which oversees the quasi-federal Fannie Mae and Freddie Mac organizations. Those two outfits backstop the majority of the nation’s home mortgages.
But, as it turns out, Trump has also named Pulte as Chair of both Fannie and Freddie! So, he is overseeing himself! And, in the case of the allegations against Schiff, as Hiltzik details, a memo reveals the Director of the FHFA (Pulte) ordered the Chairs of Fannie and Freddie (Pulte and Pulte) to, essentially, “go into your files, which are otherwise private, and pull out every document you can see related to Adam Schiff and send it over.”
It seems Pulte did something similar for both Cook and James. In the meantime, despite Trump using Pulte’s public allegations as a pretext for trying to fire Cook — which he can only do, under law, “for cause” — nobody has “produced documents that show any sort of fraud whatsoever in any of these three cases,” asserts Hiltzik.
None of this, of course, is by accident. It is not a coincidence that Pulte has referred all three to the DoJ for a criminal probe. Their years-old mortgages — which have been paid off in full, on time and without incident or complaint — weren’t pulled for some sort of random audit or something. “We know it isn’t random because we have the memo that Pulte sent to Pulte,” Hiltzik quips.
“You want to say it doesn’t pass the smell test, but it’s beyond that,” he argues. “These cases are beyond absurdity.”
So, if these charges are so obviously absurd and corrupt, why is the Administration even playing this game? Is it even lawful for the FHFA to target financial documents of American citizens for personal reasons? And what is Trump’s actual hoping to accomplish in removing Cook from the Federal Reserve Board in the first? All of those questions, and many more, asked and answered in my conversation with Hiltzik on today’s program. Enjoy!
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