www.zerohedge.com By Tyler Durden
Federal Reserve Governor Lisa Cook has sued the Trump administration, Fed Chair Jerome Powell, and the Board of Governors itself – after President Donald Trump fired her on Monday over claims that she lied on mortgage applications – allowing her to double-dip on tax and lending advantages.
The lawsuit – which doesn’t deny mortgage fraud!! – seeks “A declaration that President Trump’s August 25, 2025 purported firing … is unlawful and void and that Governor Cook remains an active member of the Board of Governors of the Federal Reserve,” and a declaration from the court that “an unsubstantiated allegation of mortgage fraud prior to a Governor’s confirmation is not cause for removal.”
Cook’s lawsuit claims that Trump violated the Federal Reserve Act, the Fifth Amendment’s Due Process Clause, and other statutory rights – and that Trump’s action lacks “cause” as required by the FRA…
READ FULL ARTICLE HERE… (zerohedge.com)
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