Lisa Cook, Fed and Trump
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The White House has sought to fire the Fed governor over allegations that she misrepresented the occupancy status of a residence.
Federal Reserve Gov. Lisa Cook might not have committed fraud when obtaining a mortgage loan on at least one property for which she is accused of fraud.
FHFA Director Bill Pulte accused Cook of mortgage fraud, which led to a Justice Department investigation. Cook has denied the allegations.
The Trump administration is focused on three properties: a home in Ann Arbor, Michigan, a condo in Atlanta and a condo in Cambridge, Massachusetts.
MSNBC Legal Analyst Barbara McQuade joins MSNBC’s Ali Velshi to discuss the latest in Donald Trump’s bid to remove Lisa Cook from the Federal Reserve Board and why new documents appear to contradict Trump’s unproven claims of fraud.
The legal battle between Lisa Cook and the Trump administration continued this week, as both sides sought advantage ahead of the Federal Open Market Committee’s September 16-17 meeting.