The Federal Reserve Board (FED) is becoming the focal point of a tense legal battle, as **Governor Lisa Cook** – the first Black female governor in FED history – simultaneously faces a dismissal order and a series of new criminal charges. This latest development not only poses a significant challenge to Governor Cook’s career but also raises many questions about transparency and fairness within the U.S. financial system.
Lawsuit for Reinstatement: Governor Cook Fights Back Against Dismissal Order
Lisa Cook has filed a lawsuit with the court, alleging that former President Trump violated federal law in his decision to dismiss her. The core of the lawsuit is a request for a **temporary injunction preventing the Fed from dismissing her** before the main case is resolved, aiming to protect her rights and position.
In her defense arguments, Governor Cook’s lawyers presented three main points:
- Regarding mortgage fraud allegations: Instead of outright denial, the lawyers asserted that this was merely an **”inadvertent clerical error”** due to a mistaken signature, not an intentional act or one serious enough to warrant dismissal.
- Lack of transparency in the dismissal process: Governor Cook and her legal team argue that the dismissal process was overly perfunctory and unfair, as she was not given prior notice or an opportunity to participate in a hearing to present her case.
- Historical position: The fact that Governor Cook is the **first Black woman** to serve as a Governor on the Fed Board was also emphasized, suggesting the possibility of factors beyond professional competence influencing the dismissal decision.
Decisive Hearing: Governor Cook’s Future in the Hands of the Court
Lisa Cook’s fate will be partly decided at an **online hearing** taking place tonight at 9 PM (Vietnam time). The court will review and decide whether to approve the temporary injunction preventing her dismissal. This is a critical turning point that could help Governor Cook retain her position while awaiting the final verdict of the lawsuit.
New Bombshell: Criminal Allegations from FHFA Director
While the legal battle over her dismissal remains unresolved, a sudden new development has complicated the situation: Mr. **Bill Pulte, director of the U.S. Federal Housing Finance Agency (FHFA)**, has just filed additional criminal charges against Lisa Cook with the **Department of Justice**.
In addition to the previous controversies concerning two homes in Michigan and Georgia, Mr. Pulte alleges that Governor Cook also engaged in **mortgage fraud** involving a third property in Massachusetts. Specifically:
- Lisa Cook took out a mortgage to purchase an apartment in Massachusetts worth $361,000, declaring it as a **”second home”** to benefit from a lower interest rate.
- However, just 8 months later, she declared earning between $15,000 and $50,000 from renting out this apartment and stated it was an **investment property**. This inconsistency in her declarations carries the potential for serious criminal violations.
The situation for FED Governor Lisa Cook is at an extremely critical level. From the hot seat of one of the world’s most powerful financial institutions, she now faces mounting legal pressure, from the risk of dismissal to criminal charges that could profoundly affect her reputation and future.
