Rates Spark: The Lisa Cook affair and the curve
From think.ing.com
We're not legal experts, but our basic assumption from a market’s perspective is she has been fired, for cause, and will be replaced by a new governor of President Trump's choice. The courts can of course debate whether there is "enough" cause. The falsifying of mortgage documents is possibly enough, even though it occurred before she was appointed governor. And, she is entitled to due process and a hearing, as she has a 14-year term in a government job. In the private sector, if an “employer” does not want an “employee” it’s tough for the courts to force the issue, even if the employer is in the wrong. Here, Lisa ...
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