Trump Attack On Fed Honcho Smacked Down By Bombshell Receipts From Reuters

President Donald Trump’s attacks on Federal Reserve Governor Lisa Cook fell apart amid a Reuters report on documents that refute the claims Trump used to attempt to fire her.

Trump has been locked in battle for weeks trying to fire Cook, whom he accused of mortgage fraud in what many — including Cook — see as a false pretext to intall a loyalist to replace her.

That effort took a major hit this week when a judge granted an injunction allowing Cook to remain in her post.

U.S. District Judge Jia Cobb wrote in a ruling Tuesday that “removal of a Federal Reserve Governor extends only to concerns about the Board member’s ability to effectively and faithfully execute their statutory duties, in light of events that have occurred while they are in office.”

Trump’s crusade against Cook took what appears to be a death blow when Reuters reporters Chris Prentice and Marisa Taylor dropped a report on documents they say destroy the case for firing her:

A loan estimate for an Atlanta home purchased by Lisa Cook, the Federal Reserve governor accused of mortgage fraud by the Trump administration, shows that Cook had declared the property as a “vacation home,” according to a document reviewed by Reuters.

The document, dated May 28, 2021, was issued to Cook by her credit union in the weeks before she completed the purchase and shows that she had told the lender that the Atlanta property wouldn’t be her primary residence. The document appears to counter other documentation that Cook’s critics have cited in support of their claims that she committed mortgage fraud by reporting two different homes as her primary residence, two independent real-estate experts said.

The report goes on to note that the documents the Trump administration cites “include standardized federal mortgage paperwork which stipulates that each loan obtained by Cook for the Atlanta and Michigan properties is meant for a ‘primary residence.’”

But one of the documents Reuters saw “clearly says the stipulation exists ‘unless Lender otherwise agrees in writing.’ The loan estimate, a document prepared by the credit union, states ‘Property Use: Vacation Home.’”