President Donald Trump said he would fire a governor of the Federal Reserve if she refused to resign over mortgage fraud allegations. Governor Lisa Cook is under investigation by the Department of Justice after Federal Housing Finance Agency Director Bill Pulte released documents substantiating the claims.'When someone commits mortgage fraud, they undermine the faith and integrity of our System. It does not matter who you are — no one is above the law.'On Friday, Trump told a reporter that he would take action if Cook did not resign."Yeah, I'll fire her if she doesn't resign. What she did was bad," the president said. "So I'll fire her if she doesn't resign."Pulte posted documents that allegedly show that Cook took a loan on her home in Michigan and declared it her primary residence, and then two weeks later designated her out-of-state condominium as her primary residence as well."When someone commits mortgage fraud, they undermine the faith and integrity of our System. It does not matter who you are — no one is above the law," Pulte wrote. "We have sent a Criminal Referral to the Department of Justice with regard to the allegations against Ms. Cook, and the DOJ should go wherever the facts may lead them."Democratic Sen. Elizabeth Warren of Massachusetts responded to the president's statement on social media."President Trump cannot illegally fire independent Fed Board members. Anyone can see he is trying to find a scapegoat for his failure to lower costs for Americans," Warren wrote.The president has been lambasting the Federal Reserve and its chairman, Jerome Powell, for refusing to lower interest rates. He has threatened to fire Powell despite the chairman saying that he would not step down if asked by Trump.If Cook were to resign and Trump appointed a successor more in line with his wishes, he could more easily influence the policies at the Fed.RELATED: Fed Chair Powell defies Trump, keeps interest rates unchanged despite good economic reports Cook responded to the allegations Wednesday."I learned from the media that FHFA Director William Pulte posted on social media that he was making a criminal referral based on a mortgage application from four years ago, before I joined the Federal Reserve," Cook said in the statement."I do intend to take any questions about my financial history seriously as a member of the Federal Reserve, and so I am gathering the accurate information to answer any legitimate questions and provide the facts," she added.Cook said she had "no intention of being bullied to step down from my position because of some questions raised in a tweet."Cook was the first black woman to serve as a Federal Reserve governor and was nominated by former President Joe Biden in 2022.Like Blaze News? Bypass the censors, sign up for our newsletters, and get stories like this direct to your inbox. Sign up here!

The surprise Aug. 21 announcement by FBI Director Kash Patel of a settlement with 10 whistleblowers came before at least some of them had agreed to anything, but ultimately it could indicate that the bureau is ready to make restitution for punishing employees who legally disclosed malfeasance, sources told Blaze News.Patel’s announcement made on X before noon Eastern on Aug. 21 was greeted with cheers, elation, and relief on the social media platform. ‘The next step is for the whistleblowers and their lawyers to carefully review and sign the agreements.’“Breaking: agreements have been reached with 10 FBI Whistleblowers (and counsel) to include a combination of backpay, security clearance, and reinstatement,” Patel wrote in a post viewed more than 1.3 million times. — (@) The key whistleblowers who suffered some of the worst treatment by the FBI under President Joe Biden knew little to nothing about it when Patel announced that deals were in place.“No one has reached a deal,” Kyle Seraphin, former FBI special agent and now a podcast host, wrote Friday on X. In an earlier post, Seraphin wrote, “No deals have been reached, no offers put in writing, no agreements have been signed.”Several administration and congressional sources told Blaze News that was the situation on Thursday when Patel made his announcement, but there is reason for hope in the more than 24 hours since. Clare Slattery, a spokeswoman for U.S. Sen. Chuck Grassley (R-Iowa), echoed Patel’s announcement that the FBI would “provide varying forms of compensation” to the whistleblowers.“Indeed, Senator Grassley has been in direct contact with the DOJ and FBI for months advocating for these whistleblowers and assisting in negotiations,” Slattery said Aug. 21. “In light of the director’s announcement today, the next step is for the whistleblowers and their lawyers to carefully review and sign the agreements.” Patel did not name any of the 10 whistleblowers or detail the terms of the agreements.All 10 whistleblowers are represented by Virginia-based Empower Oversight, including former FBI Special Agent Steve Friend and long-suspended FBI Special Agent Garret O’Boyle. Tristan Leavitt, president of Empower Oversight, said Friday he could not comment on Patel’s announcement.What’s at stake includes years of back salary and benefits such as retirement plans, health insurance and vacation, restoration of security clearances, and potential reinstatement to FBI employment.It’s not clear whether settlements would include compensation for loss of reputation, wrongfully denied health benefits, or, as in O’Boyle’s case, the FBI refusal to pay previously agreed-upon moving expenses.The U.S. Department of Justice recently reached a settlement with an FBI whistleblower who exposed the FBI for weaponizing the security-clearance process against supporters of President Donald J. Trump, those who opposed COVID-19 shots, and employees who expressed intent to attend Jan. 6 protests at the U.S. Capitol.“The FBI security clearance process was completely secret, with generally no oversight from the inspector general or Congress. That’s an environment ripe for abuse and easily taken advantage of,” Leavitt said in a statement on Aug. 1.Steve Baker contributed to this report.Like Blaze News? Bypass the censors, sign up for our newsletters, and get stories like this direct to your inbox. Sign up here!

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