Posted on 08/20/2025 9:07:03 AM PDT by Red Badger
Key Points
President Donald Trump demanded Federal Reserve Governor Lisa Cook’s immediate resignation.
Federal Housing Finance Agency Director Bill Pulte urged the Department of Justice to launch a criminal investigation related to Cook’s mortgage records.
The remarks show Trump expanding his attacks on the Fed beyond its chairman, Jerome Powell, as he pressures the central bank to slash interest rates.
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The head of President Donald Trump’s housing regulatory agency said Wednesday that Federal Reserve Governor Lisa Cook will have to resign, or else be fired for cause, over what he claims is evidence of “mortgage fraud” by the central bank official.
“To be honest, I think she needs to resign quickly,” Bill Pulte, director of the Federal Housing Finance Agency, said of Cook on CNBC’s “Money Movers.”
“I think she will have to resign, or I think she will be fired.”
The remarks came hours after Trump, reacting to Pulte’s letter asking the Department of Justice to criminally investigate Cook, demanded that the governor “must resign, now!!!”
Pulte, who has aggressively backed Trump’s attacks on the Fed and its chairman, Jerome Powell, tore into Cook at length on social media earlier Wednesday morning.
“Lisa Cooked is cooked,” he wrote in one post.
He later wrote that he believes Trump “has cause to fire” the Fed governor, who was nominated by former President Joe Biden in 2022.
Cook’s letter to Attorney General Pam Bondi is the latest example of the Trump administration airing allegations of mortgage-related wrongdoing against the president’s opponents. The Justice Department is investigating Sen. Adam Schiff, D-Calif., and New York Attorney General Letitia James on similar grounds.
It also shows Trump expanding his efforts for the Fed to slash interest rates, a pressure campaign that so far has mostly focused on Powell.
Cook voted with the majority on the Federal Open Market Committee to keep rates unchanged after the group’s latest meeting last month.
The Fed and the DOJ declined CNBC’s requests for comment on Pulte’s claims and Trump’s reaction.
Pulte’s letter, dated Friday, alleged that mortgage documents obtained by FHFA appear to show Cook “falsified bank documents and property records to acquire more favorable loan terms, potentially committing mortgage fraud.”
He accused Cook of “falsifying residence statuses” for a residence in Ann Arbor, Michigan, and a property in Atlanta, Georgia “in order to potentially secure lower interest rates and more favorable loan terms.”
For both properties, Cook “appears to have acquired mortgages that do not meet certain lending requirements and could have received favorable loan terms under fraudulent circumstances,” Pulte alleged.
Pulte in his social-media spree Wednesday morning also wielded his claims about Cook against Powell.
“I hear Jay Powell is scrambling this morning. He can scramble all he wants, but he might as well be scrambling eggs, because the party at the Fed is OVER!” he wrote at one point.
He claimed in another post, “Powell must look into it or he is complicit.”
I think trump deserves his own people at the fed. What is wrong with that?
Boy, I bet there’s a whole bunch of deep state stooges are wishing they’d never gone after T$ over the mortgage fraud
Suspect its breaks a tacit understanding of employment at high levels in government--paying people off with a comfortable living and power for their cooperation with the system that pays people off with a comfortable living and power.
Poke the bear at your own risk!
Are there ANY honest people in Washington DC? These are public officials, damn it. They are supposed to be held to a higher standard. I am a Joe-Schmo nobody, and I don’t go around committing mortgage fraud.
We have a Senator (Adam Schiff), a New York attorney General (Letitia Cannibal James) and now Federal Reserve Governor (Lisa Cook), ALL democrats involved in crime and racketeering. It’s way past time to put those MoFo’s in jail!
This mortgage fraud situation is mirroring the illegal alien housekeeper fiasco from years ago: no big deal until a critical mass of political stories come out about it.
Remember Zoe Baird & Kimba Wood’s illegal nannies?
Yep!.................
The Nicki Swift editorials are a joke. The only tell partial truths. Just read their editorial about Bernie Sanders and his wife Jane O’meara. Not one word is mentioned about Bernie and his porn stories nor his wife Jane’s trying to make a million dollar commission of a loan she negotiated for the college she was associated with. Bernie got it all squelched. What a corrupt bunch in Vermont.
Just how many government officials, appointed, elected etc at every level are guilty of mortgage fraud?
It seems like this is the new tax evasion to get Capone and everyone does it.
They made up the template and President Trump is just applying it right back. "Karma is a $itch", I think the saying goes.
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