"Justice Department lawyers hammered Lisa Cook for not providing any explanation for apparent irregularities in her mortgage filings, telling a federal judge there was no reason to keep her in her role at the Federal Reserve. The DOJ lawyers said President Donald Trump's firing of Cook from the central bank's board of governors should take effect, and that Trump had no obligation to give her additional chances to argue she didn't do anything wrong."
"Incredibly, Dr. Cook even now hazards no explanation for her conduct and points to nothing she would say or prove in any 'hearing' that would conceivably alter the President's determination that the perception of financial misconduct alone is intolerable in this role, DOJ letters wrote in a Friday morning court filing. The Justice Department lawyers submitted the filing ahead of a courtroom hearing in Washington, DC."
Justice Department lawyers argued that Lisa Cook failed to provide any explanation for apparent irregularities in her mortgage filings and urged a judge to allow President Trump's firing of Cook from the Federal Reserve board to take effect. DOJ filings said Cook offered nothing she could present at a hearing that would alter the President's determination that the perception of financial misconduct is intolerable for the role. A federal judge is weighing whether to issue a temporary restraining order to keep Cook in her position while additional litigation proceeds. Trump cited an FHFA criminal referral alleging she claimed two homes as primary residence simultaneously.
Read at Business Insider
Unable to calculate read time
Collection
[
|
...
]