Through You are
August 20, 2025
Although potential mortgage fraud is a serious crime, the use of a federal regulatory body to pursue a political appointment is characterized as an even greater violation of the public.
A criminal reference for alleged mortgage fraud against the Governor of the Federal Reserve Lisa Cook has inflamed a Firestorm, Focus From the allegations themselves to the behavior of the civil servant who made them. Bill Pulte, director of the Federal Housing Finance Agency (FHFA), revealed the reference publicly on social media, which encouraged a choir of critics to accuse him of utilizing his office for political purposes.
The letter, dated on August 15 and addressed to officials from the Ministry of Justice, was shared by Pulte 20 August through the social media platform X, hit a flurry of posts in which he called for the immediate resignation of Cook and suggested that President Donald Trump “fired her”.
Here is the criminal reference letter about Lisa Cook, the current Fed Governor. pic.twitter.com/ag0lgnokei
– Console (@Pulte) August 20, 2025
The reference claims that Cook, a Biden -two houses, claimed as its primary home to obtain more favorable mortgage interest and later received investment income by renting out one of the property.
Trump went to his Goofy social media platform, Truth Social, to erase the flames on the ridiculous indictment of Cook.
“Cook must now resign,” he wrote in the caption.
In a subsequent telephone interview with CNBC, Pulte claimed that the referral was a standard procedure and was completely non-party, stating: “We will look at every statement of mortgage fraud, and we don’t care if you are a republican [or a Democrat.”
Cook aptly responded to Pulte’s allegations and referral in a statement to FOX Business.
“I learned from the media that FHFA Director William Pulte posted on social media that he was making a criminal referral based on a mortgage application from four years ago, before I joined the Federal Reserve,” Cook said. “I have no intention of being bullied to step down from my position because of some questions raised in a tweet. 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.”
However, the public nature of the referral and Pulte’s pointed rhetoric have drawn sharp condemnation from observers who view his actions as a dangerous weaponization of a government agency.
The Federal Reserve, traditionally independent of political influence, has been a frequent target of criticism by the ditzy leader, who had previously called for the resignation of Fed Chair Jerome Powell.
Throughout his presidency, Donald Trump frequently voiced his alleged frustration with the Federal Reserve and its monetary policy decisions, believing that higher interest rates were hindering economic growth.
He broke with a long-standing tradition of presidential deference to the Fed’s independence by openly criticizing its actions. Trump also called for the resignation of Fed Chair Jerome Powell, a move that drew significant attention and controversy. These public criticisms highlighted a tense relationship between the White House and the central bank.
Cook, nominated to the The FED board of directors in 2022 and reappointed in 2023 for a period of 14 years, was confronted with a controversial confirmation process in which some senate republicans called her ‘Hyperpartiaan’. A spokesperson for the Federal Reserve immediately refused to comment.
Before she came to the Fed, she was a respected academic in the state of Michigan, where she taught economics and international relations.
In a statement about her nomination, MSU president Samuel L. Stanley Jr., MD, said”Lisa Cook is a remarkable economist and leader who will serve our nation well. Her nomination embodies the excellence of our Spartan faculty, because she is well on its way to crushing another glass ceiling as the first black woman serving in the Federal Reserve Board of Governors.”
The controversy asks a difficult question about the balance of accountability and political independence.
Although potential mortgage fraud is a serious crime, the use of a federal regulatory body to pursue a political appointment is characterized as an even greater violation of the public. And Trump, who uses appointed leaders as his henchmen, contributes to his already gross pedigree.
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