Tag: Federal Reserve controversy

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Mortgage Fraud Sparked the 2008 Housing Collapse — Why Are Democrats Now Defending It?

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the staff of the Ridgewood blog

Washington DC, mortgage fraud was at the center of the 2008 financial crisis, yet some political leaders today appear to have forgotten just how devastating those practices were. The issue has resurfaced with Federal Reserve Board member Lisa Cook, who is suing the Trump administration after being removed from her post over allegations of mortgage application fraud.

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Historic Shake-Up at the Fed: Lisa Cook Sues Trump Over Firing as DOJ Probes Mortgage Fraud Allegations

skynews lisa cook fed 7001481 3077284904

the staff of the Ridgewood blog

WASHINGTON, D.C. — In a historic first for the Federal Reserve, Board Governor Lisa Cook announced she is filing a lawsuit to challenge her dismissal by President Donald Trump, marking the first-ever termination of a Fed governor in the central bank’s 111-year history.

Continue reading Historic Shake-Up at the Fed: Lisa Cook Sues Trump Over Firing as DOJ Probes Mortgage Fraud Allegations