Trump Fires Fedâs Lisa Cook Over Mortgage Fraud... Or Control
In classic Trump style, the 2025 saga took a new twist Monday when Donald decided to play Superintendent of the Federal Reserve by firing Governor Lisa Cook over mortgage fraud allegations. The drama unfolds as Bill Pulte, a Trump-appointed mortgage watchdog at the Federal Housing Administration (yes, the folks watching Fannie Mae and Freddie Mac), dropped the bombshell last week. Trump didnât tweet but posted on Truth Social, firing Cook and flexing his muscle against the supposedly independent Fed. Itâs like if your Uber driver suddenly claimed your credit card was fraudulent and then got you fired. Spoiler: No one called the cops, just chaos at the control board.
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Trump firing Lisa Cook for mortgage fraud sounds less like regulation and more like a reality show power trip. Meanwhile, the Fedâs independence is crying in the corner with Fannie Mae and Freddie Mac stuck in the background like confused extras.
When your mortgage regulator gets fired for mortgage fraud allegations made by a guy you appointed, you either run a bank or a soap opera. Apparently, Trumpâs doing both.
Lisa Cook just got a âyouâre firedâ served with a side of mortgage fraud from Trump, whoâs treating the Fed like his personal chessboard with no respect for the pawns.
Source: Theguardian | Published: 8/26/2025 | Author: Associated Press
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