Trump Calls for Fed Governor to Resign After Accusation of Mortgage Fraud
Head of the Federal Housing Finance Agency alleged Wednesday that Fed governor Lisa Cook submitted what he called fraudulent information
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https://www.wsj.com/politics/policy...2?st=k8zYwH&reflink=desktopwebshare_permalink
“… Bill Pulte, the head of the Federal Housing Finance Agency, alleged on social media Wednesday morning that Fed governor Lisa Cook submitted what he called fraudulent information on a pair of mortgage applications.
Trump wrote in a social-media post in response to
Pulte’sclaims that “Cook must resign, now!!!”
Pulte’s post alleges that in 2021 Cook sought mortgages on two properties—one in Michigan, the other in Atlanta—and described both of them as her primary residence in papers submitted 14 days apart. His post included images of what appear to be Cook’s signature, but no other evidence supporting his accusation.
Pulte said he would submit the information to the Justice Department in a criminal referral.
… The Justice Department is probing
similar fraud claims against two of the president’s most vocal Democratic critics, opening investigations into New York Attorney General Letitia James and Sen. Adam Schiff of California. Attorney General Pam Bondi authorized Ed Martin, head of a working group tasked with reviewing cases against Trump, to use grand juries in Virginia and Maryland to probe separate allegations of mortgage fraud involving Schiff and James, according to a person familiar with the matter.
Cook was a Michigan State University economics professor when she was nominated to the Fed’s seven-member board of governors by former President
Joe Biden in 2022. She is serving a term that runs until 2038. Throughout her time on the board, she has voted in line with Powell and the majority decisions of the Fed’s policy committee. …”
