Tangentially, the yield on Treasury bonds should be at least 2x higher, because the Seila Law cases, including this one, show SCOTUS would allow the President to fire members of the Federal Reserve Board. (The counterargument isn't a legal one, it's "nuh uh cuz they know that'd be catastrophic.") - ThreadSky

maxkennerly.bsky.social • 5 days ago

Tangentially, the yield on Treasury bonds should be at least 2x higher, because the Seila Law cases, including this one, show SCOTUS would allow the President to fire members of the Federal Reserve Board.

(The counterargument isn't a legal one, it's "nuh uh cuz they know that'd be catastrophic.")

Reposted from Josh Gerstein

BREAKING: #SCOTUS allows Trump to fire labor board members. Apparent 6-3 decision with all liberal justices in dissent. Court says more harm from denying POTUS right to remove officials than from those officials staying in office. Doc: www.documentcloud.org/documents/25...

Comments

therealkarlbyrd.bsky.social•5 days ago

Doesn’t it say that the fed is special and can’t be fired? It seems like they are going to do an originalism thing here and say quasi public companies doing gov work with rich traditions are allowed to be independent.

lat428.bsky.social•5 days ago

They don’t belong on the bench if they can’t live up to their oath.

sifuabs.bsky.social•5 days ago

the "nuh uh" argument will be disproven by Trump doing so tomorrow at 4:05 PM.

maxkennerly.bsky.social•5 days ago

Yup. This is not a legal argument at all.

And plenty of us remember SCOTUS's Texas SB 8 case twisting itself into pretzels just six months before nuking abortion rights entirely. This dicta of "nah we won't, trust us bro" means nothing; they've shown Trump they won't stop him from firing anyone.

greene.haus•5 days ago

“Oh, boy _howdy_ do I remember that,” I thought, wondering where I put my blood-pressure cuff.

kanankid.bsky.social•5 days ago

I don’t know shit about shit but the FEDERAL reserve is quasi-PRIVATE?

bill-of-lefts.bsky.social•5 days ago

I mean the opinion is basically explicit, “no firing the fed board bc it would be catastrophic”

lat428.bsky.social•5 days ago

Letting a delinquent have his way bc they don’t want to deal with his wrath. Forget about laws. Disgusting.

lat428.bsky.social•5 days ago

So Scotus is giving in bc it’s easier to succumb to t threats than to do what is right???? Totally unacceptable to do the wrong thing to placate a toddler who threatens you. Garbage.

kataclyst.bsky.social•5 days ago

No. They like fascism.

lat428.bsky.social•5 days ago

They sure do. They bitched about wearing masks during Covid- but want to live under a dictator. They want to own the libs at any cost.

criticallyspeaking.bsky.social•5 days ago

Sickening

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