As part of his effort to gain control over the Federal Reserve, President Donald Trump is attempting to fire Fed Governor Lisa Cook based on allegations that she may have committed mortgage fraud.

No charges have been filed against Cook as of this writing. But she has filed a lawsuit challenging Trump’s effort to remove her.

There are many types of mortgage fraud. The perpetrator could be any person or company involved in the mortgage transaction, such as the homebuyer, lender, mortgage broker or appraiser. Or it could be carried out by investors or criminal rings using “straw buyers” who agree to be the official purchaser of a property to secure the mortgage.

But based on what is known of the administration’s allegations, it appears the accusation is that Cook may have committed what

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