Lisa cook mortgage fraud

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Ruh Roh

Pulte: "We have just received video proof that Lisa Cook's declared “PRIMARY RESIDENCE” is being rented out to tenants"

The cover up is always worse than the crime

This doesn't prove fraud. The refinance was taken out in 2021. She can have a tenant living there in 2025. You don't need to refinance as an investment property when you rent out your primary home.

The real question - was a non-familial tenant living there in 2021? If so, that is closer to fraud.

Unmarried so no in-laws and from Georgia, so it seems pretty unlikely family has ever lived in a rather ritzy Ann Arbor, Mich. SFH.

\

Cook has owned the Ann Arbor property since 2003. She paid $310K for it.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Ruh Roh

Pulte: "We have just received video proof that Lisa Cook's declared “PRIMARY RESIDENCE” is being rented out to tenants"

The cover up is always worse than the crime

This doesn't prove fraud. The refinance was taken out in 2021. She can have a tenant living there in 2025. You don't need to refinance as an investment property when you rent out your primary home.

The real question - was a non-familial tenant living there in 2021? If so, that is closer to fraud.

Unmarried so no in-laws and from Georgia, so it seems pretty unlikely family has ever lived in a rather ritzy Ann Arbor, Mich. SFH.

\

Cook has owned the Ann Arbor property since 2003. She paid $310K for it.

Ok? Without even Zillowing it that’s now a million+ home. It ain’t cheap to rent such a SFH. That’s not some $800 month slum house for hypothetical niece or nephew who was going to college at UMich.

[Anonymous]

Anonymous wrote:Anyone who’s a fan of the HBO series “The Wire” is familiar with this. The series was based in Baltimore and is still considered a most authentic portrayal of inner city politics and policing.

Anyways, there was I believe either a district attorney or some other politician they sought to oust. Got her on mortgage fraud, with one of the main characters calling mortgage fraud a “kill shot,” i.e. career killer.

Actually it was downtown Clay Davis. They did not oust as higherups had declared to shut down the case. It was a bluff by the cop to get some cooperation.

[Anonymous]

jsteele wrote:

Anonymous wrote:

jsteele wrote:I haven't read the article but there are a couple of points that you have confused and/or ignored. First, what Trump and Pulte have been talking about is her mortgage agreements, not her applications. We don't know what was actually on her applications. Second, Cook has not yet responded to the allegations. She may well have a valid explanation. In the U.S., you are innocent until proven guilty. Trump and Pulte have appointed themselves both judge and jury. But, they do not have that authority. You seem to be assuming her guilt as well. That may not be a valid assumption.

Next, let's assume that she is guilty. It is not clear that would constitute "cause". The Federal Reserve Act does not define "cause", but other laws define it as activities involving her official duties. Her mortgages were concluded before she was confirmed by the Senate, therefore, before she began her official duties. It's like saying that if she had a speeding ticket while in college it would constitute cause for being fired today. That is not normally how such laws have been applied.

There are also arguments that can be made regarding her being targeted for political reasons and whether Pulte abused his authority. Ultimately, Courts will have to decide whether Cook can be removed or not.

The house value claim is mostly a non-issue, but I think you are also confusing issues.

Criminal guilt is a matter of innocence until proven guilty. But in the position of Fed governor, the mere appearance of impropriety is sufficient to warrant a resignation. There have been similar recent instances of senior Fed officials resigning over conduct that was very legal and permissible, but had the appearance of impropriety.

I didn't say anything about the house value so I am not sure why you are bringing that up. I don't know anything about the value of the properties. Where is this "appearance of impropriety" standard documented? Is that a law, regulation, or norm? If a norm, too bad. As Trump has shown, they don't matter anymore. There has been absolutely no due process provided to Cook. Are you really supporting the U.S. becoming a country in which unsubstantiated politically-motivated accusations are enough to force a resignation that could disrupt only on the U.S. but the world's economy? Surely, you are smarter than that?

Again, this issue is now before the courts. Why are so many unwilling to allow the legal process to continue?

The accusations are substantiated.

[jsteele]

Anonymous wrote:

jsteele wrote:

Anonymous wrote:

jsteele wrote:I haven't read the article but there are a couple of points that you have confused and/or ignored. First, what Trump and Pulte have been talking about is her mortgage agreements, not her applications. We don't know what was actually on her applications. Second, Cook has not yet responded to the allegations. She may well have a valid explanation. In the U.S., you are innocent until proven guilty. Trump and Pulte have appointed themselves both judge and jury. But, they do not have that authority. You seem to be assuming her guilt as well. That may not be a valid assumption.

Next, let's assume that she is guilty. It is not clear that would constitute "cause". The Federal Reserve Act does not define "cause", but other laws define it as activities involving her official duties. Her mortgages were concluded before she was confirmed by the Senate, therefore, before she began her official duties. It's like saying that if she had a speeding ticket while in college it would constitute cause for being fired today. That is not normally how such laws have been applied.

There are also arguments that can be made regarding her being targeted for political reasons and whether Pulte abused his authority. Ultimately, Courts will have to decide whether Cook can be removed or not.

The house value claim is mostly a non-issue, but I think you are also confusing issues.

Criminal guilt is a matter of innocence until proven guilty. But in the position of Fed governor, the mere appearance of impropriety is sufficient to warrant a resignation. There have been similar recent instances of senior Fed officials resigning over conduct that was very legal and permissible, but had the appearance of impropriety.

I didn't say anything about the house value so I am not sure why you are bringing that up. I don't know anything about the value of the properties. Where is this "appearance of impropriety" standard documented? Is that a law, regulation, or norm? If a norm, too bad. As Trump has shown, they don't matter anymore. There has been absolutely no due process provided to Cook. Are you really supporting the U.S. becoming a country in which unsubstantiated politically-motivated accusations are enough to force a resignation that could disrupt only on the U.S. but the world's economy? Surely, you are smarter than that?

Again, this issue is now before the courts. Why are so many unwilling to allow the legal process to continue?

The accusations are substantiated.

No they aren't. You have tweets from a political appointee who has been acting in a partisan manner. There is no real evidence.

[Anonymous]

She was taking primary homestead tax deduction.

[Anonymous]

Anonymous wrote:She was taking primary homestead tax deduction.

Same reporter: “Lisa Cook has claimed her Ann Arbor home as a principal residence for 2022, 2023, and 2024, according to property tax records.”

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Ruh Roh

Pulte: "We have just received video proof that Lisa Cook's declared “PRIMARY RESIDENCE” is being rented out to tenants"

The cover up is always worse than the crime

This doesn't prove fraud. The refinance was taken out in 2021. She can have a tenant living there in 2025. You don't need to refinance as an investment property when you rent out your primary home.

The real question - was a non-familial tenant living there in 2021? If so, that is closer to fraud.

Unmarried so no in-laws and from Georgia, so it seems pretty unlikely family has ever lived in a rather ritzy Ann Arbor, Mich. SFH.

\

Cook has owned the Ann Arbor property since 2003. She paid $310K for it.

Current zestimate is $600,000.

[Anonymous]

[Anonymous]

Cook is a crook

[Anonymous]

Anonymous wrote:She was taking primary homestead tax deduction.

She is going to be convicted

What a stupid elite. To get there and still lie on a mortgage application.

[Anonymous]

Anonymous wrote:Cook is a crook

Yep another democrat elite.

[Anonymous]

Anonymous wrote:

jsteele wrote:

Anonymous wrote:

jsteele wrote:I haven't read the article but there are a couple of points that you have confused and/or ignored. First, what Trump and Pulte have been talking about is her mortgage agreements, not her applications. We don't know what was actually on her applications. Second, Cook has not yet responded to the allegations. She may well have a valid explanation. In the U.S., you are innocent until proven guilty. Trump and Pulte have appointed themselves both judge and jury. But, they do not have that authority. You seem to be assuming her guilt as well. That may not be a valid assumption.

Next, let's assume that she is guilty. It is not clear that would constitute "cause". The Federal Reserve Act does not define "cause", but other laws define it as activities involving her official duties. Her mortgages were concluded before she was confirmed by the Senate, therefore, before she began her official duties. It's like saying that if she had a speeding ticket while in college it would constitute cause for being fired today. That is not normally how such laws have been applied.

There are also arguments that can be made regarding her being targeted for political reasons and whether Pulte abused his authority. Ultimately, Courts will have to decide whether Cook can be removed or not.

The house value claim is mostly a non-issue, but I think you are also confusing issues.

Criminal guilt is a matter of innocence until proven guilty. But in the position of Fed governor, the mere appearance of impropriety is sufficient to warrant a resignation. There have been similar recent instances of senior Fed officials resigning over conduct that was very legal and permissible, but had the appearance of impropriety.

I didn't say anything about the house value so I am not sure why you are bringing that up. I don't know anything about the value of the properties. Where is this "appearance of impropriety" standard documented? Is that a law, regulation, or norm? If a norm, too bad. As Trump has shown, they don't matter anymore. There has been absolutely no due process provided to Cook. Are you really supporting the U.S. becoming a country in which unsubstantiated politically-motivated accusations are enough to force a resignation that could disrupt only on the U.S. but the world's economy? Surely, you are smarter than that?

Again, this issue is now before the courts. Why are so many unwilling to allow the legal process to continue?

The accusations are substantiated.

I am struck by how unqualified Cook is for the job. Her most well known publication explored the connection between the issuance of patents and lynchings. The work was not submitted to a peer reviewed publication and was later found to be highly flawed because she concluded that patents stopped issuing in 1900, but the database she relied on ceased collating data in 1900. And really, lynchings began in 1900? I think not as even the most casual historian of the Reconstruction era knows. This is what passes for research in an identity politics academic environment. Note this publication is not an economic piece.

My recently deceased twin was an economist of some renown. He began his career in a tenure track position at UVA, and published in the field of econometrics. He moved into the field of investment management, having one of the best small and mid cap funds for nearly 30 years. He also taught adjunct in money and banking at a respected public university. He would have been the first to tell you that he was not qualified for the Fed, although he likely could have held his own. But a resume like Cook’s? With virtually no economic literature? No quant work? Unthinkable. I don’t like Trump and he lacks patience. Cook’s conduct will be her undoing and he should have let matters play out. But while not at issue in her termination, people who really know their stuff in this arena are struck by how identity politics have run amok. Of course after observing Claudine Gay’s flimsy CV who could be surprised? By the way there are qualified minority economists. But economists tend to be conservative or centrists - it is the nature of studying markets and incentives - and practicing academic economists have very deep math skills - my brother was phi beta kappa in math and found himself in the middle of the path math wise - so the typical qualified economist would have had trouble meeting Biden’s political litmus test. We need to get back to competence.


By the way I am at best only conversant in economics. Powell was like me a law review editor at the same school, and I could see how when combined with an investment banking career he could have a firm grip on monetary policy. The school back then had an impressive roster of tax, corporate and finance talent. My brother and I thought Bernanke supremely well qualified because his academic interest was the Depression and avoiding that awful historical situation was an impressive qualification for the job. We ignore the past at our peril.

By the way I am not particularly political. One of the effective things Obama and Geithner did was save the banking system in 2009. Of course it is incredibly difficult for them to take credit because saving Wall Street over Main Street was an odious task. But the European Central Bank dithered for years to their economic detriment- so in contrast I think Obama and Geithner did the right thing for the country. Of course conservatives are loathe to credit Obama for anything and progressives don’t want to discuss protecting too big to fail banks and GSE’s. Again competence is competence, especially under pressure.

One of the things about a 37 trillion debt is that historical assumptions about interest rates and monetary policy may no longer apply, at least in terms of short term impact on the economy. In this vein the Fed has some self inquiry to do. Trump doesn’t help.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Cook is a crook

Yep another democrat elite.

Like Trump? Not sure lying about RE is a partisan issue.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

jsteele wrote:

Anonymous wrote:

jsteele wrote:I haven't read the article but there are a couple of points that you have confused and/or ignored. First, what Trump and Pulte have been talking about is her mortgage agreements, not her applications. We don't know what was actually on her applications. Second, Cook has not yet responded to the allegations. She may well have a valid explanation. In the U.S., you are innocent until proven guilty. Trump and Pulte have appointed themselves both judge and jury. But, they do not have that authority. You seem to be assuming her guilt as well. That may not be a valid assumption.

Next, let's assume that she is guilty. It is not clear that would constitute "cause". The Federal Reserve Act does not define "cause", but other laws define it as activities involving her official duties. Her mortgages were concluded before she was confirmed by the Senate, therefore, before she began her official duties. It's like saying that if she had a speeding ticket while in college it would constitute cause for being fired today. That is not normally how such laws have been applied.

There are also arguments that can be made regarding her being targeted for political reasons and whether Pulte abused his authority. Ultimately, Courts will have to decide whether Cook can be removed or not.

The house value claim is mostly a non-issue, but I think you are also confusing issues.

Criminal guilt is a matter of innocence until proven guilty. But in the position of Fed governor, the mere appearance of impropriety is sufficient to warrant a resignation. There have been similar recent instances of senior Fed officials resigning over conduct that was very legal and permissible, but had the appearance of impropriety.

I didn't say anything about the house value so I am not sure why you are bringing that up. I don't know anything about the value of the properties. Where is this "appearance of impropriety" standard documented? Is that a law, regulation, or norm? If a norm, too bad. As Trump has shown, they don't matter anymore. There has been absolutely no due process provided to Cook. Are you really supporting the U.S. becoming a country in which unsubstantiated politically-motivated accusations are enough to force a resignation that could disrupt only on the U.S. but the world's economy? Surely, you are smarter than that?

Again, this issue is now before the courts. Why are so many unwilling to allow the legal process to continue?

The accusations are substantiated.

I am struck by how unqualified Cook is for the job. Her most well known publication explored the connection between the issuance of patents and lynchings. The work was not submitted to a peer reviewed publication and was later found to be highly flawed because she concluded that patents stopped issuing in 1900, but the database she relied on ceased collating data in 1900. And really, lynchings began in 1900? I think not as even the most casual historian of the Reconstruction era knows. This is what passes for research in an identity politics academic environment. Note this publication is not an economic piece.

My recently deceased twin was an economist of some renown. He began his career in a tenure track position at UVA, and published in the field of econometrics. He moved into the field of investment management, having one of the best small and mid cap funds for nearly 30 years. He also taught adjunct in money and banking at a respected public university. He would have been the first to tell you that he was not qualified for the Fed, although he likely could have held his own. But a resume like Cook’s? With virtually no economic literature? No quant work? Unthinkable. I don’t like Trump and he lacks patience. Cook’s conduct will be her undoing and he should have let matters play out. But while not at issue in her termination, people who really know their stuff in this arena are struck by how identity politics have run amok. Of course after observing Claudine Gay’s flimsy CV who could be surprised? By the way there are qualified minority economists. But economists tend to be conservative or centrists - it is the nature of studying markets and incentives - and practicing academic economists have very deep math skills - my brother was phi beta kappa in math and found himself in the middle of the path math wise - so the typical qualified economist would have had trouble meeting Biden’s political litmus test. We need to get back to competence.


By the way I am at best only conversant in economics. Powell was like me a law review editor at the same school, and I could see how when combined with an investment banking career he could have a firm grip on monetary policy. The school back then had an impressive roster of tax, corporate and finance talent. My brother and I thought Bernanke supremely well qualified because his academic interest was the Depression and avoiding that awful historical situation was an impressive qualification for the job. We ignore the past at our peril.

By the way I am not particularly political. One of the effective things Obama and Geithner did was save the banking system in 2009. Of course it is incredibly difficult for them to take credit because saving Wall Street over Main Street was an odious task. But the European Central Bank dithered for years to their economic detriment- so in contrast I think Obama and Geithner did the right thing for the country. Of course conservatives are loathe to credit Obama for anything and progressives don’t want to discuss protecting too big to fail banks and GSE’s. Again competence is competence, especially under pressure.

One of the things about a 37 trillion debt is that historical assumptions about interest rates and monetary policy may no longer apply, at least in terms of short term impact on the economy. In this vein the Fed has some self inquiry to do. Trump doesn’t help.

You’re struck by how unqualified Cook is for the job. I’d welcome your opinions on the qualifications of a few other people.
Maybe start with RFK jr, Vance, and Hegseth.