It took all day but Fed Governor Lisa Cook finally offered a response to allegations that she committed mortgage fraud (in order to get better rates, ironically!). Of course, she played the victim card immediately and offered up future ‘facts’…
“I have no intention of being bullied to step down from my position because of some questions raised in a tweet,” Cook said in a statement.
“I do intend to take any questions about my financial history seriously as a member of the Federal Reserve and so I am gathering the accurate information to answer any legitimate questions and provide the facts.”
One quick question… did you break the law or not?
Bill Pulte was quick to respond to the governor’s statement:
We look forward to seeing the PolyMarket trade on the over/under for her resignation.
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The director of the Federal Housing Finance Agency is urging Attorney General Pam Bondi to investigate Federal Reserve Governor Lisa Cook over a pair of mortgages, the latest in a series of moves by the Trump administration to increase legal scrutiny of Democratic figures and appointees.
FHFA Director Bill Pulte wrote a letter to Bondi and DOJ official Ed Martin on Aug. 15 suggesting that Cook may have committed a criminal offense. The letter alleges that Cook “falsified bank documents and property records to acquire more favorable loan terms, potentially committing mortgage fraud under the criminal statute.”
Bloomberg reports that Pulte said Cook took a mortgage on a property in Ann Arbor, Michigan, signing a mortgage agreement that stipulated she would use the property as her primary residence for at least a year.