The U.S. Justice Department said in a new filing on Thursday that judges should not be allowed to “second guess” President Trump’s attempted removal of Fed Governor Lisa Cook over alleged mortgage fraud. Cook argued in a lawsuit that Trump unfairly fired her so that he could influence the Fed to lower interest rates.
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Forget margin or options. Here's how the pros trade QQQ“Her only ‘evidence’ is that the President has criticized the Board over policy,” read the filing. “But the mere existence of policy disagreement does not mean the President removed Dr. Cook because of that policy disagreement.”
Justice Department Cites Pulte Allegations, Initiates Criminal Investigation of Cook
Furthermore, the Justice Department said that mortgage fraud allegations first brought to light under Federal Housing Finance Agency (FHFA) Director Bill Pulte are enough “cause” to remove Cook.
Earlier today, the Justice Department initiated a criminal investigation against Cook, issuing subpoenas to her in order to collect more information on her property mortgages, according to the Wall Street Journal.
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