Speaker 1: What's going on. Thank you so much for listening to
this podcast. It is heard live every day from noon
to three on WBT Radio in Charlotte. And if you
want exclusive content like invitations to events, the weekly live
stream I daily show prep with all the links. Become
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hit the subscribe button. Get every episode for free right
to your smartphone or tablet. And again, thank you so
much for your support. The President is now making his
announcement from the Oval Office. Let's listen in live. If
we can.
Speaker 2: Athlete's the best athletes in the world to the cultural
center of our nation's capital.
Speaker 3: I just left the Kennedy Center.
Speaker 2: We're spending a lot of money wisely on making it
really beautiful.
Speaker 3: It's going to be beautiful again. It's like Washington, d C.
We had.
Speaker 2: By the way, in Washington, DC, we have the lowest
crime numbers they've had in years.
Speaker 3: Zero.
Speaker 2: It sounds like it's a horrible thing to say, but
I might as well say zero murders in the last
week since we've done this.
Speaker 3: That's the first time in memory that that's happened. If
you can believe it, how pathetic. That is enough to
even say it.
Speaker 2: And I'm tired of listening to these people say how
safe it was before we got here.
Speaker 3: It was unsafe.
Speaker 2: It was horrible, and Mayor Bowser better get her acts
straight or she won't be there very long because we'll
take it over with the federal government running like it's
supposed to be run. The numbers were horrible. It was
a crime infested rat hole, and they do have a
lot of rats. We're getting rid of them too, and
we've made a lot of progress. And it was extremely
unsafe and now it's extremely safe.
Speaker 3: We had virtually no crime.
Speaker 2: The number was down eighty seven percent, and I'm trying
to figure out where was the thirteen percent, because I
don't think it existed. The National Guard has been unbelievable
and they're working with the police and.
Speaker 3: They have some very good people in there.
Speaker 2: They have some people that shouldn't be police, actually, but
they have some great people there. And the Washington d
C is a whole different place, and Johnny, I'm sure
you'll be happy to hear that too. Actually, yes, but
it's a whole different place. People are excited again. They're
going out to restaurants again, That was the other thing
I saw in numbers that restaurant businesses.
Speaker 3: Down in the last week. I know restaurant business.
Speaker 2: You can't get into a restaurant just really lying people,
And that's why people don't understand how bad.
Speaker 3: And how dishonest the press is.
Speaker 2: I saw one poll that had us set nineteen percent
favorable on what we're doing with Washington. Then I saw
another one as this ninety four percent favorable. And I
can tell you the ninety four percent is correct. The
others are fake, just faked. They got to get their
act together. So bad for our country, so sick actually,
so Washington, DC is really doing unbelievably well. And the
Kennedy Senator where fixed. I was just there all morning
with contractors. We're making it unbelieve. It's going to be unbelievable.
It's got great bones, but it needs a lot of work.
Speaker 1: More gold. The World Control.
Speaker 2: Will set up the group stage of competition. Forty eight
teams will play in one hundred and four games across
sixteen North American cities, from Seattle to Vancouver to Atlanta
to Miami.
Speaker 3: It's going to be so exciting for our country. What
is this the twenty twenty.
Speaker 2: Six feet for World Cup will be one of the
largest and most complex events.
Speaker 3: This will be one of the greatest events, one of
the largest.
Speaker 2: In a way, it's like Johnny said it better, it's
like having many super Bowls for a short period of time,
because each one of these games essentially is a super Bowl.
Some of them are bigger than super Bowls actually, but
they're essentially each one of these games is like a
super Bowl. The twenty twenty six for World Cup will
be the largest, most complex set of events in sports history,
and the Kennedy Center will give it a phenomenal kickoff
and will be involved, and they'll be working over there
for quite a bit of time. We have it all
set that they can stay there for the big events,
the big press conferences and everything else, and they'll be
in a very safe capital that'll be nice to You
don't have to worry about walking down the street, Johney. Okay,
but you could handle yourself, I quote. Already, FIFA is
projecting six million loyal fans will attend the World Cup
events next year, and six billion more are going to
be watching back home. And they think the six billion
dollar number is going to be actually a low number,
and this will drive more than thirty billion dollars into
the US economy and create one hundred and eighty five
thousand American jobs in a short period of time.
Speaker 3: Too.
Speaker 2: No sporting event attracts more attention, more fans, more viewers,
are more revenue.
Speaker 3: Than the FIFA World Cup.
Speaker 2: And again I'll just say, it's the World Cup, and
it's the biggest thing there is in sports, and we
have it, and I got it in my first administration.
And I was really somewhat devastated, as devastated as I
can be, I.
Speaker 3: Don't have time to get too devastated. I was very
happy that today, as you saw.
Speaker 2: The group that does this, a government group, radical left group,
announced that Trump was right tooking forty trillion dollars worth
of tariffs, that the four trillion dollars are going to
reduce the deficit by numbers far greater than they ever
expected or heard them. And by the way, the stock
market went up a thousand points.
Speaker 3: That was as of ten minutes ago. I can't tell
you what happens.
Speaker 2: A lot of things happened, but the stock market's up
almost a thousand points, and it's basically on the news.
Speaker 3: That the release.
Speaker 2: It just came out from government that the tariffs that
everybody was talking about, that the whole world respects us
for for the what we did.
Speaker 3: The tariffs are going to be at four trillion dollars.
Speaker 2: They're going to reduce the deficit by four trillion dollars.
Speaker 3: Mister Vice President wouldn't deserve it. Two minutes of five.
Speaker 2: It's had a huge impact and the stock market is
way up. But this will drive more than thirty billion
dollars in US economy. It created one hundred and eighty
five thousand American jobs. No sporting event attracts more attention
or more fans or anything else. And I just look
forward to the draw. So we're going to have the draw,
say actually, Johnny at the Kennedy Center, and by that
time it'll be an even better shape.
Speaker 3: We're working on it.
Speaker 2: It'll take about a year project to make it.
Speaker 3: It'll be great. It'll be fantastic. You see the way
this is looking nice.
Speaker 2: I can't tell you how much that gold costs a
lot of money. There's nothing like gold, and there's nothing
like solid gold. But this beautiful office needed it. It
had to be representative. When we took it over. It
was dirty, not clean. I immediately changed the chair and
had this beautiful desk renovated and brought out by the
White House people that do this.
Speaker 3: They did a great job.
Speaker 2: They said that we have a craftsman who's great, but
this was not appropriate for the Oval Office.
Speaker 3: What I took over.
Speaker 2: And now you look at all those paintings, you're allowed
to turn back. All of these are great presidents, and
they were all in the vaults.
Speaker 3: They were in.
Speaker 2: Vaults for some cases much more than one hundred years,
and now they're proudly hanging on the Oval Office walls.
So I can't imagine anybody changed, but they were mured
in vaults for over one hundred years of any of them.
Speaker 3: So it's very exciting. People come in. They really love it.
Speaker 1: So he is now talking about all of the gold
that is in the Oval Office that people have been
mocking online democrats and media. But I repeat myself when
he had all of the European leaders come to town,
and Zelenski and the Zelenski and Trump had that meeting
again in the Oval Office and there's all this gold
behind them. They got like you know, gold frames and
like gold statues. The whole wall is just like covered
with like all sorts of gold stuff, which I'm not
sure people are aware of this or not, but Donald
Trump loves him some gold plated stuff. Have you ever
seen like literally anything he builds, right, he loves the gold.
And of course to all of the lefties, they're like, oh,
it's so tacky, which is kind of ironic because now
have you noticed, like what the trend is. The brass
is back, that gold look on like doorknobs and all
that stuff. I'm not a fan. I prefer the the
nickel brush nickel. I like the silver look. I don't
like the gold look. But he likes the gold look.
I've known this for ever since he came down the
what golden escalator exactly. So this is not a surprise.
So the big announcement the twenty twenty six FIFA World
Cup coming to America, and now we know what he
sold us out for with the Europeans, Now it all
makes sense. Why would you bring soccer here? I'm just kidding.
I'm just kidding. No, it's a big deal. It is
a big deal. It's like Americans, like we are notoriously
you know, anti soccer, but they're becoming less anti soccer
as we become infiltrated, you know, with all of these
people from all over the world. But no, look, it
is a huge sport. It will drive a lot of
you know, tourism and economic impact and all of that
stuff too. As long as every city that's going to
host this thing isn't going to be, you know, going
to the taxpayers to fund new Stadia, then I'm fine
with it. I'm fine with it. We'll see. And you
know what, it's part of America's two hundred and fiftieth
anniversary too, so that's a pretty good it's a pretty
good celebration. Twenty twenty six is gonna be lit.
Speaker 4: All right.
Speaker 1: If you're listening to this show, you know I try
to keep up with all sorts of current events, and
I know you do too, And you've probably heard me
say get your news from multiple sources. Why well, because
it's how you detect media bias, which is why I've
been so impressed with ground News. It's an app and
it's a website, and it combines news from around the
world in one place, so you can compare coverage and
verify information. You can check it out at check dot ground,
dot news slash pete. I put the link in the
podcast description too. I started using ground News a few
months ago and more recently chose to work with them
as an affiliate because it lets me see clearly how
stories get covered and by whom. The blind spot feature
shows you which stories get ignored by the left and
the right. See for yourself. Check dot Ground, dot news,
slash pete. Subscribe through that link and you'll get fifteen
percent off any subscription. I use the Vantage plan to
get unlimited access to every feature. Your subscription then not
only helps my podcast, but it also supports ground News
as they make the media landscape more transparent. Philip Wegman
is a reporter for a White House reporter for Real
Clear Politics, and he tweeted out about seventeen minutes ago
that Mike Davis, a Trump confidant very much in the know,
reacting to the raid on former National Security Advisor and
former UN Ambassador John Bolton's home and office today said
quote my prediction, Democrats, Rhinos and reporters who think this
raid on John Bolton is about his book will be
very embarrassed when the search warrant becomes public. Oh that
doesn't sound good. I mean for Bolton, So anyway, we'll
see what happens there. We also have I got a
bunch of different stories here, so I'm gonna kind of
plow through a lot of this stuff that I haven't
gotten to this week because it's Friday, and Friday is
it's when you dump all of the stuff that you
couldn't get to in the week, as well as scandalous stuff.
So this way people know it's like the Friday night
dump that you do. It's a tried and true hack
among media hacks and government hacks. So Federal Housing Finance
Agency Director William Poulty has referred possible criminal activity involving
Federal Reserve GOUVNA Lisa d. Cook to Attorney General Pam
Bondi for investigation and action as appropriate. The accusation is
that Lisa Dinell Cook falsified bank documents and property records
to acquire more favorable loan terms, potentially committing mortgage fraud
under the criminal Statute. I do have some audio. This
was William Poulti appearing on CNBC the other day for
a more for an interview. I think it's called squawk
Box or something. I don't watch the NBC, but he
did like a ten minute eleven minute interview with the host,
and he says, first off, that he's just doing his job.
Speaker 4: We refer people every day criminally for mortgage fraud, and
no one is above the law. And in this case,
it happens to be a FED governor, and I have
an obligation to do something about it. So when we
received a tip, this is what we discovered. And it's
very unfortunate because you know, a FED governor is supposed
to understand economic harm of mortgage fraud. You know, the
FED is written all about the economic harm of mortgage fraud,
in particular occupancy fraud, and here she is allegedly committing
mortgage fraud. So I think it's a big issue. I
don't think it's going away. I think she will have
to resign or I think she will be fired.
Speaker 1: Okay. Speaking to the allegations.
Speaker 4: We alleged that she bought a condo in July of
twenty twenty one, and fourteen days before that, we alleged
that she took out alone using a Fanny May and
Freddie macform, stating that she had her primary residence in Michigan.
Fourteen days later, as I said, she went and purchased
in Atlanta condo. To make it worse, she then went
on to eventually list the apartment and probably is renting
it out. This is a very serious issue. It has
necessarily nothing to do with the Fed Governor. It has
everything to do with mortgage fraud in the United States,
and if we see it, we're going to do something
about it. Just on that point too, I'll say, we're
also probing, and I would imagine that the Department of
Justice will open an inquiry into this. I'm hopeful about that.
But we're also probing some property that she has in
Massachusetts to see if there's something there, But I don't
have anything yet on that, and I only want to
stick with what's in the criminal referral so far.
Speaker 1: All Right, So she claimed two primary residences in order
to get better rates on a mortgage, and he says
this is illegal for a reason.
Speaker 4: Yes, when you have a primary residence or a principal residence,
it is essentially lower risk. And so what we do
at both Fannie and Freddie and our member institutions who
we buy loans from and we mandate from, is we
want to understand the risk if you are living in
your home, it is less likely that you will be
foreclosed upon or not pay your payments in the event
of a recession. We saw this in eight. In my view,
many of this is what caused eight. You know, my
family founded Poulti Homes. I grew up in that business.
I saw the housing market crash. We cannot go back there.
So it doesn't matter whether you're fed, governor cook or
Joe blow on the street. If you commit mortgage fraud,
we are going to report it. And this is no different.
We do it every day.
Speaker 1: There you go one of the hosts, Carl Quintanilla, Quintinilla.
He then steps in it a bit and Poulty immediately
smacks him back on that. Is it common for these
things not to get referred back to the OIG?
Speaker 3: I mean, how does it want end up on your desk,
much less the social media account of the president?
Speaker 4: Well, what do you mean, how does it end up
on my desk? I'm the regulator of Fanny and Freddy,
and I'm the conservatory of Franny and Freddy. If it
didn't end up on my desk, I wouldn't be doing
my job, Carl. I mean's like asking how do news
stories appear on your desk. That's your job. My job
is to regulate these entities, Carl, and we have to
make sure that we have a safe and sound market.
And I'm not going to be intimidated by the media
or politicians who don't want visibility into what's been going
on behind closed doors. If somebody is claiming two primary residences,
that is not appropriate, and we will refer it for
criminal investigation.
Speaker 1: Yeah, he is doing his job. You don't get to
claim two primary residences, especially when you're using that claim
to get prefer preferential rates on your mortgage. And somebody
in her position should know that. Here's a great idea.
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RedState dot com. Since at least May twenty twenty two,
Lisa Cook, who's on the Federal Reserve Board of Governors,
has been required to live in the Washington, DC metro area.
Her exact date of moving to d C is unclear,
but she was part of Joe Biden's Transition Agency Review
Team as of November twenty twenty, and then was nominated
for the Federal Reserve job in January of twenty twenty one.
The Shenanigans started in the summer of twenty twenty one.
June eighteenth, twenty twenty one, Cook took a fifteen year
mortgage for a two hundred three thousand dollars home in
ann Arbor, Michigan, which she said was to be her
pl primary residence, and she promised to live there full
time for at least one year. Fourteen days later, she
takes out another mortgage for a condo in Atlanta's Above
the four Seasons building. That mortgage five hundred and forty
thousand dollars, and on that application again she stated that
this would be her primary residence and she would live
there for at least one year. Did she not know
she just bought the other house two weeks ago. I
don't know. I guess this is just this is something
that I just cannot relate to because I have only
owned a single home at any given time, you know,
like generally I have tried to avoid owning two homes
because then I would be in bankruptcy right, not being
able to afford both mortgages for an extended period of time.
Like I was sweating one time when we were selling
one house buying another, and I was like, we don't
want to get caught paying two mortgages, right, And if
we have to do that, you can't do We couldn't
do it for more than like a month, and in
exchange we would like not eat, you know. So I
don't know what it's like to be able to just
go around buying multiple homes in different states within two
weeks of each other. So that was in June of
twenty twenty one. A year later, a little bit over
a year later, September twenty twenty two, her condo in
Atlanta that she listed as her primary residence and she
would live in for one year. It was listed for rent,
so that would be outside of the one year right.
If she purchased that condo in June of twenty one,
then September of twenty two she turns it into a
rent unit. And so the idea there is that if
she was claiming that as her primary residence, then she
would have been outside of the one year window, and
that would have been fine if it actually was her
primary residence, which remember she is required to live in
the Washington, DC area due to her appointment, and she
got that appointment in May of twenty twenty two, so
that would be May, June, July August, so like four
or five months before she listed the Atlanta condo for rent,
which means she wasn't living there as her primary residence
for like four or five months. I don't know what
the truth on any of this is. I don't know
where she was living because then there's also the property
in Michigan that she took the mortgage out on in
June of twenty one, as well. A review of her
federal government financial disclosures for calendar years twenty twenty two
and twenty twenty three indicate that she did not disclose
any rental income tied to the Atlanta address, which if
she rented it, she would be making an income and
she would have to disclose that, and she did not
disclose that. I wonder if the IRS is paying attention
to this later on. This is oh here it is again.
This is from strife at RedState dot com. You'll recall
Lisa Cook was outed as having plagiarized her published quote
unquote research. Cook is one of the world's most powerful economists.
This is a quote from a news article about her confirmation.
She taught economics at Harvard University and Michigan State University,
and served on the Obama administration's Council of Economic Advisors.
Despite her pedigree, questions have long persisted about her academic record.
Her publication history is remarkably thin for a tenured professor,
and her published work largely focuses on race activism rather
than on rigorous quantitative economics. Her nomination to the FED
required Vice President Kamala Harris to cast a tie breaking vote,
which is very unusual. They usually get confirmed unanimously. In
twenty twenty two, investigative journalist Christopher Brunette pointed out that
despite billing herself as a macroeconomists, sorry, a macro economist,
Cook never published a peer reviewed macroeconomics article and had
misrepresented her publication history in her CV or her resume.
In a series of academic papers spanning more than a decade.
Cook appears to also have copied language from other scholars
without proper quotation and duplicated her own work, and that
of co authors in multiple academic journals without proper attribution.
This is a fantastic nominee by Joe Biden. Huh. The
FED has seven governors. One of those slots is currently vacant.
So you got jer own Powell appointed by Trump. His
term ends in twenty twenty eight. Philip Jefferson Biden appointee.
His term goes through twenty thirty six. Michelle Bowman I
believe the former congresswoman appointed by Trump. Her term goes
through twenty thirty four. Christopher Waller trump appointment. His tenure
goes through twenty thirty Lisa Cook, Her term expires in
twenty thirty eight. Michael Barr Biden appointee through twenty thirty two.
And then there's the vacancy. But there's a guy named
Steven Moran who has been nominated but not yet confirmed.
So why is this important? I will tell you in
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driven by a liberty buick GMC. This from Danny. This
mortgage fraud scheme is another example of the hypocrisy of
political norms. Run them up in this country. The very
people who should be held to an even higher standard
than the general public because they are in positions of
influence over that same general public want us to look
the other way for them, but we'll use the bully
pulpit to shame others doing the exact same thing. Yeah,
this is the same thing that Letitia James got busted
for after going after Trump for this mortgage stuff. She
got for it, right. She went after Trump for lying
on about loan that everybody was happy with that did.
They did all their due diligence, there were no victims,
government wasn't harmed, nobody was harmed. And that's what she
went after Trump over. And then she's accused of doing
the same thing that this woman Lisa Cook who's on
the Federal Reserve Board of Governors, that she's alleged to
have done as well that Adam Schiff has also been
alleged that he did the same thing, claiming multiple primary
residences in order to get favorable mortgage rates. It's illegal,
you can't do it, it's perjury. You're signing an affidavit,
you're attesting to the veracity of your application claims. And
what they're outrage what marilynd Moseby remember her out of Maryland.
Was she the attorney general. I think she went after
Trump too. It's like there's a pattern here people. Bill Poulti,
who is the Federal Housing Finance Agency Director, he was
on CNBC. I've got two more clips. He said that
they make referrals to the Department of Justice for this
kind of thing. They do this all the time.
Speaker 4: And I'll tell you one thing, Carl, you ask how
it covers my desk, cross my desk. I think a
lot of people look the other way when stuff would
cross their desk. It doesn't matter who you are. If
it comes across our desk and we see it, we're
going to look at it. And when we open up
a tip line, Carl, the floodgates opened. And I'm sorry
to say for politicians, but politicians unfortunately sometimes think that
they're above the law. And no one is above the law.
And if we see politicians doing it, they're going to
get treated just like everybody else. I mean, Carl, the
DOJ often prosecutes people for this.
Speaker 1: Very crime precisely. But did you hear what he said there?
When they opened up a tip line, it opened the floodgates.
Because all of the stuff, this is all public information.
This happens every day. He said, politicians and the elites
are just shocked when it happens to them.
Speaker 4: If you commit a crime and you have a reasonable
suspicion that somebody is committing a crime, that is cause.
I mean, I don't know what cause is. If that's
not caused. I mean, this lady, I don't understand how
she can be in charge of setting interest rates for
our country and here she is potentially lying on her
applications to get better interest rates. Like, you know, we
have a huge economy. Why are we letting somebody like
this do this? She needs to explain herself, but unfortunately
it's in black and white, and I don't think it's
going away, And think, to be honest, I think she
needs to resign quickly.
Speaker 1: In both cases with Schiff and Leticia James, they bought property,
they certified it as their primary residence, they got the
better loan terms, and in both cases they apparently lied.
In Leticia James's case, the paper trail shows she deliberately lied.
Now with this woman Lisa Cook on the Federal Reserve,
why does this matter and why are people saying that
this is you know, political retribution, authoritarian stuff? Whatever? Okay,
First off, if the allegations are true, then it's not weaponization.
It's not lawfair, it's not authoritarianism. It is enforcing the
law right. And if it came in via tip on
a tip line, they looked at it. Public documents show it.
Then you refer to the DOJ. You don't get special
treatment because you're on the federal Reserve. That's what the
rule of law means. Now. One of the downstream effects
of this, though, is that there's a vacancy that's about
to be filled. You've got seven members on the board,
and the board determines the interest rates, and Donald Trump
has been saying he wants the interest rate to drop.
Jerome Powell, who Trump appointed, has resisted this. And there
was a vote at the last meeting and there were
two votes to drop it and what four or four
votes to keep it at its current level. Cook was
one of the votes to keep it at its current level.
If she gets removed, now you have another vacancy, which
means you have two people on the board that want
to drop the rate. You have two vacancies. Then that
Trump makes those appointments, one of them is about to
be confirmed. So if Trump gets another person on that board,
he's got four votes to drop interest rates. And I
just heard today driving in Jerome Powell now citing economic data,
is open to cutting the interest rates. Chris, welcome to
the show.
Speaker 5: Hello, Chris hey Man, Happy weekend.
Speaker 1: For you, Yes, sir, Yeah you too.
Speaker 4: Hey Hey.
Speaker 5: I was going to say, I mean, you know, you
got three black women that are Democrats, and I'm wondering
are they going to get the same treatment that Adam
Shipp will get.
Speaker 1: That's a good question. I don't know if race plays
any role in this, but you are. I never mentioned
Lisa Cook's race, but she is a black female Democrat,
as is Letitia James.
Speaker 3: Ed Moseley and Mo. Yeah.
Speaker 5: Oh, and if I may use your phraseology of Jim
Zaki back to your first hour about Bolton. Yeah, unfortunately,
my remote turn to Morning Joe today. Right, no, listen.
It is hilarious how they were spinning the invasion of
Bolton's house, right, you know, I think it was Stone.
Didn't Roger Stone get yepo marched out of his house
about six o'clock in the morning or his door busted down?
Speaker 1: He did? Indeed, And in fact, what an ABC reporter
or CNN was there live streaming it the entire time
they got tipped off that it was going to happen.
Speaker 5: Oh well, they said they were just driving to the neighborhood.
Look what we found. Yeah, But the funny part about
it is they were bringing legal people on here. Pete
on their show talking about is this Donald Trump's retribution?
You damn right? Retribution?
Speaker 2: Right?
Speaker 1: So if you asked that question, is this retribution or
if you make the allegation, I think it's incumbent for
you to say retribution for what? Yeah, right, Like, obviously
he feels like he's been done dirty. What exactly would
he be engaging in retribution against you for in the
first place, Chris, it's a great point. I appreciate it.
Thanks for the call. All right, that'll do it for
this episode. Thank you so much for listening. I could
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