Trump's Attack on Lisa Cook
Donald Trump has been trying to fire Lisa Cook, a member of the Federal Reserve's Board of Governors, over claims of mortgage fraud.
However, Cook has not been charged with any crime, and additional loan documents suggest the alleged fraud was likely a clerical error.
the administration has framed it as "potentially criminal" and termination-worthy
Ironically, the official who raised the issue, Federal Housing Finance Agency (FHFA) head Bill Pulte, has not filed his own disclosure form with the SEC as required.
As chairman of the board of Fannie Mae, Pulte was required to file a disclosure form, but has not done so.
Author's summary
Trump's attempt to fire Lisa Cook over alleged mortgage fraud is baseless.
- Lisa Cook has not been charged with any crime.
- The alleged fraud was likely a clerical error.
- Bill Pulte, who raised the issue, has not filed his own disclosure form with the SEC.