The US Justice Department opened a criminal investigation into whether Federal Reserve Governor Lisa Cook committed mortgage fraud — ratcheting up pressure as President Trump seeks to oust her from the central bank https://t.co/pVNdldlpSk ...

Hey Carl, good morning. So this is the Wall Street Journal reporting citing US officials familiar with the matter, saying that the Justice Department has now officially opened a criminal investigation into Lisa Cook and these allegations of mortgage fraud. The journal saying that the government has issued now subpoenas as part of an inquiry into whether she submitted fraudulent information on mortgage applications.So we knew that this was coming. had been heavily signaled, but so far these were sort of refe ...

Legal & Political Independence of the Federal Reserve - Fed Governor Lisa Cook is challenging her firing, asserting she never committed mortgage fraud [1] - Cook's brief argues the president's action poses the greatest threat to the Federal Reserve Board's political independence in its 111-year history [1] - Cook claims she can only be fired for negligence or malfeasance in office, not for pre-office conduct [1] - Cook argues that the president fired her to gain control of the Fed, citing multiple presidential tweets [2] - Cook's legal team argues that a tweet does not constitute proper notice for firing and that impeachment is the correct remedy [2] - Allowing the firing to stand would grant the president unfettered control over the Fed [3] Allegations Against Cook - The president claimed Cook was fired for cause because she claimed two homes as her primary residences on mortgage applications [2] - Any alleged mortgage inconsistencies were apparent in nomination documents submitted as part of her Senate confirmation [1] Government Response - The government is required to file a response by Thursday [3]

Legal & Procedural Aspects - Federal Housing Finance Agency Director Bill Py 将举行新闻发布会，公布与 Fed Governor Lisa Cook 抵押贷款相关的新信息 [1] - Cook 的法律团队在一系列新的法庭文件中抨击了特朗普政府，Cook 声称白宫没有充分的理由解雇她 [1] - Cook 希望法院仅根据总统的命令做出裁决，并声称她被剥夺了正当程序 [3] - 司法部要求将 TTRO 转为初步禁令请求，该请求可上诉，以便直接向最高法院或通过上诉法院向最高法院提出上诉，以决定 Cook 是否可以留在 9 月份的董事会会议上 [8] - Cook 起诉了白宫、总统、联邦储备委员会和 Jay Powell，以寻求法院的命令，禁止 Fed 根据总统的信函将其免职 [9][11] Potential Conflicts & Public Perception - 如果 Cook 在下一次 FOMC 会议上投票降低利率，人们会质疑这是基于数据还是为了保住她的职位 [5] - Cook 面临困境，公开更多信息可能无法解决问题 [6] - 公众舆论非常重要 [4] Mortgage Allegations & Complications - Bill Py 提出的证据表明，Cook 拥有三处房产，并声称每处都是她的主要住所，并且出租了其中一些房产，这很难证明是合理的 [13] - 抵押贷款申请过程中提供的信息可能会发生变化，银行会询问房屋是否为主要住所，因为非主要住所的利率更高 [14] - 在某些情况下，例如在军队服役或为年长的亲戚或残疾儿童购买房屋时，可以购买房屋并将其列为主要住所 [16][17]

John, thanks. Governor Cook filed an expected brief this afternoon uh in the district court case to uh overturn her firing. She says in in the brief that govern it says Governor Cook did not ever commit mortgage fraud.calls any issues with mortgages repeatedly in this uh in this document, quote, facial contradictions. And any issues with these mortgages, she she says in the briefing, were included in documents previously disclosed to the Senate in her um nomination process and and her vetting charges agains ...

Well, and another issue we're tracking closely are the developments at the Fed. The administration trying to oust Fed Governor Lisa Cook accusing Cook of mortgage fraud. She denies that and she's now suing the administration alleging this is purely politics.But Congressman, let me ask you, do you think Lisa Cook should just release her mortgage documents to dispute these allegations against her. She could be transparent, but this has nothing to do with the specifics of Lisa Cook. This has to do with Donald ...

Legal & Regulatory Landscape - The court hearing regarding Lisa Cook's potential termination from the Fed was non-determinative, with the judge requesting more documents and resuming on Tuesday [1][2] - The Department of Justice argued that the president has full authority to fire Lisa Cook and doesn't need to abide by much due process, suggesting a public notice via tweet is sufficient [3] - The definition of "for cause" for firing is not defined in the statute, leaving it to the judge to decide, with the president's representative arguing it must bear on the official's ability to do their job [4] - Lisa Cook's attorney suggested that if the cause for firing had to be unknown at the time of the Senate confirmation hearing, they would present documents showing the mortgage issue was knowable by the Senate [5][6] Allegations & Defense - The hearing focused on whether the firing can happen, not on the truth of the mortgage fraud allegations [7] - Lisa Cook's attorney argues she hasn't had a chance to defend herself regarding the allegations [9] - The government argues that Lisa Cook's lack of public defense implies she has nothing useful to say [10]

Lisa Cook sues Trump over Moves to oust her from Fed Board. We saw it coming. Her lawyer, Abbe Lowell, told us two days ago that this lawsuit would be on the way and now it is reality.Suing the president over his attempt to fire her for alleged mortgage fraud and mortgage fraud, challenging his claim that she may have lied on the mortgage application. And of course, in a fraud case, you have to prove that it was intentional. Realizing we're talking about documents here, mortgage applications in this case, a ...

Bill Pulte alleges that she took out two mortgages a fortnight apart—one for a house in Michigan and another for a flat in Atlanta—and claimed that both would be her main residence. But substantiating a charge of mortgage fraud is fiendishly difficult https://t.co/ZQvILUv53R ...

She has been accused of mortgage fraud, and Donald Trump has sought to sack her as a Federal Reserve governor. We look at the allegations https://t.co/y9zuzY6pQSPhoto: Getty Images https://t.co/64Ol5uPhmT ...