Defiant Fed Governor Lisa Cook Insists She Won’t Step Down
The governor of the federal reserve, Lisa Cook, said on Wednesday that she would not be the victim of intimidation of resigning from the country’s central bank of the Central Bank for allegations of mortgage fraud.
“I have no intention of being intimidated to leave my position because of certain questions raised in a tweet,” Cook said in a statement. “I intend to respond seriously about my financial history as a member of the Federal Reserve and I therefore collect precise information to answer all legitimate questions and provide the facts.”
President Donald Trump called Cook on Wednesday to resign after the officials accused him of mortgage fraud.
Bill Pulte, the president of the Federal Housing Financing Agency (FHFA), said that he seems that Cook “had falsified banking documents and property files to acquire more favorable loan conditions, potentially committing mortgage fraud under criminal laws.”
The recordings indicate:
The reference focuses on two 2021 mortgages. The files show that Cook contracted a loan of $ 203,000 over 15 years in a house in Ann Arbor, Michigan, in June 2021 with a clause forcing it to use it as a main residence for at least a year. Two weeks later, she obtained a separate mortgage of $ 540,000 over 30 years on a property in Georgia with the same requirement. Pulte also cited what seemed to be a rental list in 2022 for the Maison de Géorgie and urged investigators to examine if she treated it as an investment.
Trump went to Truth Social, declaring: “Cook must resign, now !!!”
An assistant from the Congress familiar with the initial confirmation of Cook told Breitbart News: “I am not surprised to hate Trump, Lisa Cook, lied on his mortgage request. She has had problems with the truth, all her career, plagiant papers to embellish her curriculum vitae. If the Republicans of Congress are launching an investigation, which they are very likely to do, Lisa Goose will be prepared. “
The Trump administration has targeted democrats for allegations of mortgage fraud, notably Senator Adam Schiff (D-CA) and the Prosecutor General of New York Letitia James.
Breitbart News reported that with the potential resignation of Cook, Trump could win a new ally to the Fed. This could help Trump win a majority on the board of directors if the president of the Fed, Jerome Powell, was to resign next May.
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