Biden-appointed Federal Reserve governor Lisa Cook has made clear she will not go down without a fight despite the President of the United States’ orders to leave.
As The Gateway Pundit reported, President Trump on Monday evening fired Cook amid mortgage fraud allegations that are being investigated by Special Prosecutor Ed Martin.
“Pursuant to my authority under Article II of the Constitution of the United States and the Federal Reserve Act of 1913, as amended, you are hereby removed from your position on the Board of Governors of the Federal Reserve, effective immediately,” President Trump wrote in a letter to Lisa Cook.
“I have determined that there is sufficient cause to remove you from your position,” Trump added as he cited housing regulator Bill Pulte’s criminal referral on Lisa Cook for mortgage fraud – specifically occupancy fraud.
Following Trump’s announcement, Cook released a defiant statement to reporters that made clear she believed she was entitled to the seat.
“President Trump purported to fire me ‘for cause’ when no cause exists under the law, and he has no authority to do so,” Cook said in the statement.
“I will not resign,” she added. “I will continue to carry out my duties to help the American economy as I have been doing since 2022.”
Here is the background on Cook’s alleged mortgage fraud misdeeds from TGP’s previous reporting:
According to Pulte’s criminal referral, Cook committed mortgage fraud by lying on her mortgage application and falsifying bank statements when she designated her out-of-state Atlanta condo as her “primary residence”—just two weeks after taking a loan on her Michigan home, which she also claimed as her “primary residence.”
By claiming “primary residence” on her out-of-state condo, Lisa Cook received more favorable loan terms and a lower interest rate.
On June 18, 2021, Cook acquired a loan on a property in Ann Arbor, Michigan. On the mortgage agreement, Cook represented to “use the Property as Borrower’s principal residence within 60 days after the execution of her agreement, Pulte said.
On July 2, 2021, just two weeks later, Cook also purchased a condo in Atlanta and entered a 30-year mortgage agreement and affirmed the property would serve as her primary residence within 60 days of the execution of the mortgage and would serve as her primary residence for a full year, Pulte’s referral said.
According to Pulte, while Cook affirmed her Atlanta property would serve as her primary residence, online records indicate that the property was listed for rent in September 2022.
It may be time to send in the feds to arrest Cook unless she changes her mind.
The post Crooked Biden-Appointed Federal Reserve Governor Lisa Cook Issues a Defiant Statement As She Refuses to Step Down Following President Trump’s Move to Fire Her appeared first on The Gateway Pundit.