Trump allies have called for an investigation into Federal Reserve Governor Tim Cook over mortgage transactions, suggesting it could violate criminal law
2025-08-20 11:57:13
Bill Poulter, the director of the Federal Housing Finance Agency and a staunch Trump ally, has urged attorney-general Pam Bundy to investigate two mortgage transactions involving Federal Reserve Governor Tim Cook. In a letter to Mr. Bundy and Ed Martin, a Justice Department official, on August 15, Mr. Poulter said Mr. Cook "falsified bank documents and property records in order to obtain better terms on loans that may constitute mortgage fraud under criminal law". He said Mr. Cook had bought a property in Ann Arbor, Mich., and taken out a loan promising to use it as his primary residence for at least a year, only to take out another mortgage in Georgia two weeks later, also declaring it as his primary residence. Mr. Poulter also cited four criminal law provisions and recommended that Mr. Bundy investigate potential charges. So far, no charges have been brought, and it is unclear whether Bundy will launch an investigation.
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