MIKE DAVIS: Lisa Cook, One Of The Seven Fed Governors, Got Caught Committing Mortgage Fraud. Three Times. She Claimed Investment Properties Were "Primary Residences” To Get Lower Rates
Steve Bannon and Mike Davis discussed the scandal surrounding Federal Reserve Governor Lisa Cook, who is accused of multiple instances of mortgage fraud—falsely claiming investment properties as primary residences to secure lower rates. Davis argued that this is a clear cause for termination, and President Trump has rightly fired her. Cook has not denied the allegations, but the Federal Reserve is resisting, framing the issue as a matter of its independence. Davis contends that if the president cannot remove corrupt Fed governors, then the Fed itself is unconstitutional, as it wields executive power outside the authority granted in Article II. He argued the courts will have to settle the matter and expects Trump’s position to prevail, potentially dismantling unconstitutional "fourth branch” agencies. Both agreed that this fight is central to deconstructing the administrative state, restoring the constitutional separation of powers, and ensuring that President Trump can return power to the states and the people.