Trumpās Mortgage Fraud Showdown: Fed Drama in 31 Pages
In August 2025, Federal Reserve Governor Lisa Cook found herself in the hottest mess of the monetary universe when Bill Pulte, Federal Housing Finance Agency director, publicly accused her on X (the ex-Twitter) of mortgage fraud for allegedly playing musical chairs with her home residency status. Within 30 minutes, former President Donald Trump stormed Truth Social with a call to fire Cook 'for cause,' despite her team pointing out the Senate and Biden signed off on her in 2022 and these 'alleged facial inconsistencies' were old news. Cookās lawyers served a 31-page legal Michelin star rebuttal claiming no proper due process and cited a 1935 Supreme Court case to school Trump on firing rules. Meanwhile, Trumpās ongoing feud with Fed Chair Jerome Powell continues with personal insults and dramatic demands to adjust interest rates. Comedy gold, folksācentral banking meets reality TV with a mortgage fraud subplot!
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Source: Businessinsider | Published: 9/3/2025 | Author: Lloyd Lee,Katherine Li