In its first detailed response to allegations of mortgage fraud, Federal Reserve Governor Cook's lawyer stated that the accusations are baseless

The legal team of Federal Reserve Governor Lisa Cook has officially responded to the mortgage fraud allegations raised by the Trump administration, stating that the allegations are "baseless."

On Monday, Cook's attorney Abbe Lowell wrote to U.S. Attorney General Pam Bondi, stating that the discrepancies in Cook's loan documents were either accurate at the time of application or "unintentional markings," and considering the other information disclosed to the lending institution, these do not constitute fraud.

Wall Street Journal mentioned that the U.S. Supreme Court has temporarily blocked Trump from removing her, with a hearing scheduled for January next year.

Lowell also accused William Pulte, the Director of the Federal Housing Finance Agency, of selectively targeting Trump's political opponents while ignoring similar allegations against Republican officials. It was Pulte who submitted a criminal referral against Cook to the Department of Justice in August, which became the basis for Trump's attempt to remove her.

Attorney Refutes Allegations Point by Point

In a letter sent to U.S. Attorney General Pam Bondi and "Special Prosecutor" Ed Martin, who is responsible for investigating mortgage fraud, Cook's attorney Abbe Lowell detailed a rebuttal to the allegations, stating that these claims are "untenable in the face of facts."

Lowell wrote that the criminal referral materials submitted by Pulte to the Department of Justice are "baseless." He pointed out:

The complete records clearly show that the so-called contradictions in his alleged loan application are not contradictions at all, but rather out-of-context, incomplete fragments from the subsequently submitted complete documents.

Lowell emphasized that the documents Cook submitted later are consistent with her initial application.

The attorney stated that these so-called document discrepancies were either accurate at the time of application or "unintentional markings," and considering that Cook provided comprehensive information disclosure to the lending institution, these markings do not constitute fraudulent behavior.

Questioning the Whistleblower's Motives and Actions

Lowell also questioned the motives and recent actions of Pulte, who made the allegations. He stated that Pulte's other recent actions "undermine the credibility of his criminal referral against Governor Cook."

These actions include the recent dismissal of the acting inspector general of the Federal Housing Finance Agency and the firing of several internal auditors at Fannie Mae, which is one of the mortgage financing companies regulated by the Federal Housing Finance Agency.

According to the latest arrangements, the U.S. Supreme Court will hold oral arguments on January 21 regarding President Trump's dismissal of Federal Reserve Governor Cook, a case that is a key battle surrounding central bank independence.

Additionally, the U.S. Supreme Court will hear another case in December that may affect the outcome of Cook's case. In this case, the justices will consider whether to overturn a 1935 ruling.

The previous ruling established that Congress could protect the leaders of independent agencies from being dismissed by the president without misconduct If the Supreme Court overturns this decades-long precedent, it could potentially enhance the president's power to dismiss heads of independent agencies, thereby directly affecting the outcome of Cook's case.

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