Mortgage Fraud Investigation Focus - FHFA director's investigation of president's enemies for mortgage fraud is unusual, typically handled by the inspector general [1] - Director claims the investigation aligns with his promise to investigate mortgage fraud, regardless of political affiliation [2][3] - Accusations arise that a Republican attorney general committed similar mortgage fraud, but no investigation has been initiated [4] - The industry suspects the investigation is politically motivated to target opponents [5] Political Implications - The situation is likened to a sheriff targeting political opponents [1] - The director claims impartiality, stating both Republicans and Democrats committing mortgage fraud will be investigated [3] - Lack of investigation into a Republican official raises concerns about impartiality [4] - The industry believes the investigation is designed to help a political figure target opponents [5]

A judge is going to hear Lisa Cook's lawsuit against President Trump, the Federal Reserve Board of Governors, and Chair Jerome Powell. Joining us right now is former Assistant Attorney General Jonathan Caner. He's a CNBC contributor, distinguished law professor at Washington University in St.Louis. You've now read uh the filing yesterday. Jonathan, I want to get your impressions of the strength of that case and uh how you think all this may play out.Yeah, so there's going to be hearing this morning. She is ...

Regulatory Scrutiny - US Federal Housing Finance Agency Director Bill Pulte filed a new criminal referral against Federal Reserve Governor Lisa Cook [1] - The referral intensifies the Trump administration's pressure campaign against Lisa Cook [1] Allegations - The allegations against Lisa Cook involve mortgage fraud [1]

Everybody knows that Donald Trump’s attack on Lisa Cook, a central-bank governor, is not really about mortgage fraud. Indeed, it is yet another symptom of the corruption of America’s government https://t.co/yzgOuteAla ...

And let me get to the news. Federal Reserve Governor Lisa Cook is fighting President Trump's attempts to fire her, vowing yesterday to file a lawsuit. This just one day after the president said he would remove Cook from the board of governors over allegations of mortgage fraud.Cook's lawyer, Abby Lel, said in a statement that Trump has no authority to remove the governor, adding, quote, "His attempt to fire her based solely on a referral letter lacks any factual or legal basis. Cook has not been charged wit ...

This is Bill Puly, Trump's director of the Federal Housing Finance Agency or FHFA. Now, if you don't know what the FHFA is, and you probably do, but if you don't know, don't worry, you're not alone. It was created in the wake of the 2008 housing crisis to help regulate the mortgage market.It's a very important regulatory agency and is supposed to be focused on big picture stuff like making sure the home mortgage industry doesn't collapse again given the impact that could have on millions and millions of Ame ...

We can't breach fraud in America. And you surely can't have it for your leaders. I mean, imagine anyone in the cabinet who did this.You guys would be calling for their head. This woman should go away if she's committed the mortgage fraud. And those signatures sure as heck look like hers.Irony is >> Mhm. dead. >> Yeah.Dead. like bring the flowers, put it on the grave. I mean, really.>> Yes. And this is this concept of mortgage fraud is what the they have done for Leticia James, the Attorney General of New Yo ...

US Government Intervention in Business - The discussion revolves around the extent to which the US government should take equity stakes in companies, especially those receiving government funding or benefiting from government policies [3][4][11] - The Trump administration's approach involved seeking equity in exchange for government assistance, contrasting with what is portrayed as the Biden administration's "giveaways" [3][18] - The Commerce Secretary argues that if the US adds fundamental value to a business, it's fair for the government to seek a stake, referencing examples like university patents and defense contractors [13][14][15] - A key point is whether the US government's involvement is essential for a company's success, particularly in strategic sectors like rare earth magnets where Chinese dominance poses a threat [28][29] Trade and Competition - The discussion highlights concerns about unfair competition from countries that subsidize their industries, arguing that the US needs to ensure fair treatment and protect its interests [32][33][34] - The Commerce Secretary criticizes the Chips Act for providing $50 billion in subsidies without securing equity, questioning why the US should give money away for free [31][34] - The conversation touches on the US trade deficit and the increasing foreign ownership of American assets, framing the Trump administration's policies as an effort to reverse this trend [36][37][38] Specific Company Examples - Intel received an $11 billion grant from the Biden administration, which the Trump administration would have converted into an equity stake [3][4] - TSMC initially received $65 billion from the Biden administration, but after negotiations, committed to $165 billion of investment [7][8] - Micron received a $25 billion grant, later increased to $200 billion [9] - Texas Instruments increased investment from $23 billion to $60 billion [10] Lisa Cook Controversy - The discussion addresses allegations of mortgage fraud against Lisa Cook, a governor at the Federal Reserve [39][40] - The Commerce Secretary asserts that if Cook committed mortgage fraud, she should resign [40][43] - The conversation briefly touches on potential implications for Federal Reserve Chair Powell if he doesn't take action [41] Economic Outlook - The Commerce Secretary portrays a positive economic outlook under the Trump administration, citing high stock market levels, steady bond markets, and a 3% GDP growth rate [45][47] - He suggests that the Federal Reserve could cut interest rates to benefit American taxpayers, estimating a $360 billion annual saving per 1% interest rate cut [46] Infrastructure - The discussion briefly mentions the need for smooth intercontinental railroad operations, leaving the specifics of how to achieve this to regulators and industry experts [49][50]

Mike, I want to build on what you were talking about earlier on this morning that the president's come out and said Lisa Cook is fired and the Fed governor says no, she's not. So, is she fired or isn't she. We don't know.That is the interesting question right off the bat this morning. If she shows up to work, what happens. Does the Fed keep her out. Does the president send US marshalss to take her out of the Fed.Uh, how does this play out. And who takes it to court. We assume it'll all end up in court.And t ...

President Trump has said he would fire Fed Governor Lisa Cook for alleged mortgage fraud. The announcement comes as the president seeks to ramp up his pressure on the US central bank to cut interest rates https://t.co/uHB22YmAs5 ...