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Started By
Message
re: Trump’s Justice Department launches a criminal investigation of Fed chair; JPow responds
Posted on 1/14/26 at 11:13 am to jordan21210
Posted on 1/14/26 at 11:13 am to jordan21210
quote:How so?
the man indirectly behind the subpoenas entire playbook is lying.
You think Trump is lying, and instead the Fed project is actually priced and above board?
2
Posted on 1/14/26 at 11:15 am to NC_Tigah
quote:
Powell is done in May.
Powell is done in '28. He gives up the Chairmanship in May.
Posted on 1/14/26 at 11:28 am to mmmmmbeeer
quote:Wrong board.
Uh, Republicans in Congress, you awake?
Just in the last week
Attempting to indict Fed with bullshite charge that will tank the markets
Indicts Letitia James. Again.
Uses US military to remove a dictator for the oil that no oil company wants
Threatens to break up NATO for control of Greenland
Private goon squad kills a woman and he blatantly lies about what happened
Orders fed gov to take on $200B of mortgage debt
All this. In a week. Like, 7 days.
WHERE IS CONGRESS!?!?!?!?!?!?!?
Posted on 1/14/26 at 11:29 am to NC_Tigah
quote:
How so? You think Trump is lying, and instead the Fed project is actually priced and above board?
Are you really this dense?
I was simply pointing out that you are upset and accuse JPow of lying, but literally all Trump and his admin does is lie.
Posted on 1/14/26 at 11:54 am to NC_Tigah
quote:
You think Trump is lying, and instead the Fed project is actually priced and above board?
We have no idea whether or that is the case. All we have are the raw numbers, and the scopes of work that have been released. I do know that the installation of a foundation several floors below an existing building that is also underneath the water table is probably a very expensive proposition. I do know that removing and replacing every window and door and replacing them with bomb resistant doors/windows is probably an expensive undertaking. I do know that replacing all air conditioning, electrical and plumbing systems in a building that is laden with asbestos, lead and whatever else is probably expensive. Is it $2.5 Billion? No way to know, but I do know this...
Trump's ballroom cost: $4,400 / SF
FR Bldg Reno: $2,272/ SF
This post was edited on 1/14/26 at 12:01 pm
Posted on 1/14/26 at 12:14 pm to NC_Tigah
quote:The "juice" from Trump's perspective is he humiliates, discredits and removes someone who didn't fully and immediately comply with what he wanted done.
There is simply no juice in the squeeze.
It wouldn't be the first time Trump has done that and it likely won't be the last...
Posted on 1/14/26 at 12:17 pm to NC_Tigah
quote:
The Fed project will cost 50% more per square foot, for a renovation.
Is that supposed to be alarming?
Tearing down and rebuilding is typically much cheaper than renovating, especially the extent of renovation being done at the fed building.
Posted on 1/14/26 at 12:18 pm to LSURussian
NC is supposed to be much smarter than what he's demonstrating in this thread. Tough look.
Posted on 1/14/26 at 12:40 pm to jordan21210
quote:Then you did it poorly.
I was simply pointing out that you are upset and accuse JPow of lying, but literally all Trump and his admin does is lie.
Whether Trump lies about other things is relevant here only if you extrapolate the "literally lies all the time" premise to the topic at hand. Trump says the costs involved in the Fed refurb indicate either incompetence or corruption. Is he lying? Yes or no?
Powell says the DOJ threatened to indict him. Is he lying or not? He says a forensic examination of the absurdly expensive Fed construction project threatens independence of the Fed. Is he lying or not?
Posted on 1/14/26 at 12:44 pm to Ten Bears
quote:Federal Reserve HQ Renovation
FR Bldg Reno: $2,272/ SF
~402,000 sq ft
~$2.5 billion
~$6,215 /sq ft
Posted on 1/14/26 at 1:08 pm to JohnnyKilroy
quote:
So what you're saying is that my federal tax dollars aren't going to the fed renovation right? They're just spending a little bit more of the fed's profit on the reno?
Posted on 1/14/26 at 1:26 pm to JohnnyKilroy
quote:The reno translates directly to debt in the general US budget. That is on the taxpayer.
So what you're saying is that my federal tax dollars aren't going to the fed renovation right? They're just spending a little bit more of the fed's profit on the reno?
Posted on 1/14/26 at 1:33 pm to NC_Tigah
quote:
quote:
FR Bldg Reno: $2,272/ SF
Federal Reserve HQ Renovation
~402,000 sq ft
~$2.5 billion
~$6,215 /sq ft
That is the current size, before the renovations. They are adding around 110k SF to the Eccles bldg and an additional 500K SF to the East Building.
Total reno scope is around 1.1mm SF between 2 buildings.
Disclaimer for the binarily challenged: This in no way endorses Powell as a good/above average Fed Chairman/Constrcution Manager, that the renovation costs are within reason, or that I believe that interest rates should be cut
This post was edited on 1/14/26 at 2:19 pm
Posted on 1/14/26 at 1:40 pm to NC_Tigah
quote:The entire cost of the renovations are not expensed in year one for determining the Fed's surplus (profit).
The reno translates directly to debt in the general US budget.
The renovations are likely depreciated annually over 15, 20 or 30 years as is any long-term fixed asset owned by any private corporation.
Posted on 1/14/26 at 1:54 pm to KWL85
quote:
We finally agree on a comment. I am not bringing value to this thread
You never do. Its just TDS and lying
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