*holy smokes* TRUMP Caught Fed Red HANDED w/ FRAUD

Well, another day and another threat to

fire somebody else from the Federal

Reserve Board of Governors. There is a

lot to unpackage here and boy oh boy

have we done some extra research on this

to actually corroborate what Bill Pay is

saying. Now, I personally have been a

little bit of a Bill Pay critic because

I feel like he goes on X every single

day and just bends the knee to how ter

to Donald Trump about how terrible

Jerome Powell is. But today is a very

interesting day because I actually agree

with something Bill PTE is doing right

now. Bill suggests, which is probably

politically directed by Trump,

especially since right now the only

investigations that the Trump

administration is really publicly

pursuing are against Leticia James, Adam

Schiff, and now Lisa Cook at the Fed, a

Biden appointed uh Federal Reserve Board

Governor. Obviously, Schiff and Leticia

James, you know, Democrats, Schiff, uh,

California Democrat, and then, of

course, Leticia James, that Democratic

attorney who, uh, wanted to get Trump,

right? All of them now facing mortgage

fraud allegations. And what's very

fascinating is the evidence that we were

able to dig up given that we're in the

real estate industry and got a real

estate startup after all, House Hack.

You can invest in it over at

househack.com if you want. It's open to

nonacredited investors. You can even use

a credit card if you wanted to. I don't

recommend it because the fees are a

little higher for us, but it's no

difference for you. People are earning

their reward points investing in house.

It's funny. But anyway, take a look at

this. So, Bill PE posted fraud at the

Federal Reserve and basically what he

says and alleges is that Lisa Cook

conducted uh or got a loan on her home

in Michigan that she already had. So, it

would be a refinance. She took out a

refinance and then just 2 weeks after

taking out a refinance on the Michigan

property as a principal residence ended

up taking out a loan on an Atlanta

condo. also as a primary residence. Now,

Fanny does have a few potential reasons

that you could have two primary

residences. It's unclear that any of

those reasons though would really

qualify for Lisa Cook's situation. Uh,

as if you go to the Fanny website,

you'll see the following. You could see

that you could only have one principal

residence which is the property that you

occupy quote most of the year. There are

some carveouts for military service

members or parents of children who can't

qualify in which case they could be a

nonoccupant co-borrower as a principal

residence. Uh or they provide housing uh

for or or as like their children provide

them housing when they don't have the

income. But Lisa Cook obviously has uh

the income. So we don't think she

qualifies for one of these other reasons

for having multiple primary residences.

And so what we did is we looked up as

many of the deeds and documents as we

could. And here's what we found. So the

first thing is we found this mortgage

document on the Michigan property. Now I

have removed any personal information

here that is not public. We already know

very publicly based on what has been

publicly announced by the director of

the FHFA, Bill PE, that she owns this

property in Michigan. CNBC is talking

about how it's in Ann Arbor. I didn't

even go as far as saying that. Uh, and

so I've removed any kind of other

additional identifying information like

the mortgage loan number here or

whatever. But what we know is that this

loan was received on June 18th, 2021.

Now, June 18th, 2021 is when she

essentially closed on this loan. And she

got this loan for $23,000.

It looked like at the time it was a

15-year mortgage, and which you can get

on investment properties as well, mind

you. Uh, the mortgage documents did

include the following clause. Unless

otherwise agreed upon in writing, which

there were no amendments that I could

find for this. Who knows, maybe there

was, but unless otherwise agreed in

writing, the borrower shall occupy,

establish, and use the property as the

borrower's principal residence within 60

days of the signing of basically the

mortgage. So, in other words, in the

middle of June, she took out a principal

refinance on her home in Michigan. And

here's the signature block zoomed out,

which I purposefully show because you

could see the signature blocks that Bill

PTE gives. And I just want you to see

that I I too have this similar

signature. And I have a zoomed out

document to show you like here's the

zoomed out version of the document. Uh

it's like a 15-page mortgage. Now,

within 15 days thereafter,

she ended up closing right here on July

2nd

on a condo in Atlanta

for $62,000.

And this particular mortgage loan shows

right here, July 2nd, a mortgage loan

amount of $540,000.

Now, what's interesting about that is

while I couldn't get the actual mortgage

document because this document number

goes to nothing, which is why I'm

showing it here because the document

number goes to nothing. For some reason,

it's missing. But what's interesting is

if you bought a place for $62,000,

how do you get a mortgage loan for

$540,000

unless it's an owneroccupied loan?

because 540 divided by 602 is an 89.7%

loan to value which means it had to have

been an occupied loan because you can't

do 10% down on an investment property.

You have to do at least 20% down and

more commonly do 25% down on an

investment property. Now, this property,

this Atlanta condo, does not list a

homeowner exemption on the property tax

rules. Uh so she's no longer claiming it

as as you know an owner uh occupied

property on the tax roles at least as

far as what we can see and we can see

that that's that might be fair because

it was rented out in July or listed at

least for rent in July of 2022. Now

typically when you get an owner occupied

loan you're only agreeing to live in it

for a year. Okay. So maybe the fact that

it was listed for rent is fair, but how

do you say I'm going to live in a

property for for for a year

on June 18th and then happen to 2 weeks

later take out a loan on a home that

you're buying in Atlanta saying you're

going to live there for at least a year?

It's possible theoretically that she

closed her refinance in Michigan on the

18th and then on the 19th is like

actually I changed my mind. I want to

buy a place in Atlanta and I want to

live there instead. Maybe her intent

changed but usually it takes more than

15 days to find a property to buy a

property and to close on a loan. So, it

seems like these were overlapping

intentions and that's why the uh FHFA is

now referring her to the Department of

Justice for criminal charges, which

Donald Trump is now suggesting this is

all he needs to potentially fire Lisa

Cook for cause. Donald Trump says Cook

must resign now, quoting the Bloomberg

article on this. And uh the Wall Street

Journal is saying Trump considers firing

Cook after the accusation of mortgage

fraud and that's because you know they

they are getting this insight from

inside the White House. You know leaks

from reporters or to reporters or

whatever. Now Trump could fire a Fed

governor for cause according to a 1935

law which says that if you know they do

something wrong they could be fired.

Bill PE thinks this is exactly the kind

of cause that would allow Trump to fire

this Biden appointed Fed governor. Keep

in mind that Fed Governor Cougler

already stepped down suddenly. This is

kind of like a died suddenly here. Uh

stepped down. Uh and what you end up

getting is this question that it was a

surprise from colleagues that she

stepped down. And a lot of people were

wondering, okay, why did she step down?

I personally made this analogy earlier,

but I think what happened uh is you

ended up getting uh a Trump, you know,

staffer calling up Georgetown going,

"Hey, Georgetown, uh we need you to give

Federal Reserve board member Cougler a

really good job offer should an offer

she can't refuse should she steps down

at the Federal Reserve." Now, why would

Georgetown do that? Because Georgetown

doesn't want to be like a Harvard or

Columbia or UCLA that gets fined

millions of dollars from the Trump

administration. They'd rather give Cook

a really cushy or um Cougler a really

cushy salary and go, "Hey, Cougler, why

don't you come back and work for us?

Leave a vacancy at the Fed." The

vacancies at the Fed are filled by

Trump. So Trump is literally going down

the list of people he doesn't like.

Let's investigate Schiff in California.

Let's get back on Leticia James. Oh, we

don't like the Fed. We can't fire

Powell. We can't cut the head of the

Leviathan off. Oh, let's investigate all

of the underlying board members. Oh,

Cougler, get her a job at Georgetown.

Gone. Now he can put his Trojan horse

in. Oh, Lisa Cook tends to vote with

JPAL on holding rates steady. H. Ah, do

we have any dirt on her? Oh, what's

this? You got a $23,000 mortgage within

two weeks of getting a new mortgage in

uh in in Georgia. How interesting. Let's

refer you to for fraud. Oh, mind you,

also on your financial disclosures in

2023,

you indicated that you had two mortgages

on personal residences. Well, this is a

2023 disclosure. Even if it was legal to

have mortgages on two personal

residences, how do you have mortgages on

two personal residences here when

literally one of those you listed for

rent?

So, it's obviously an investment and not

a personal residence anymore. So, yeah,

I think the thing is when you get into

politics,

you know, somebody like Trump who says,

"I'm not going to weaponize the justice

system." I think you need to recognize

the justice system was so weaponized

against him that he's going to do

absolutely anything in his power to

weaponize the justice system back. Now

obviously all of this leads to Jhole. So

Jhole is really interesting because

Jhole comes Friday and Lisa Cook is at

Jackson Hole. Now, you know, you already

know this that you know, Meet Kevin is

not only sending his 10 buy alerts for

the next 10 years over the next 6 to 8

weeks here to all course members, but

you could use coupon code Jhole before

Friday, before this offer expires to get

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the 10 10-year buy uh uh list, every

alpha report, every private liveream,

everything over at the Meet Kevin

membership, everything in one price. Uh,

and you can get that over at

mecaven.com. Uh, on Monday, for example,

we thought that Tesla was going to go to

318, went to 318 within 3 days. On

Monday, we said we're not bullish Q's

calls. We actually think we're going to

lose 577. What happened? Every single

day this week has not been a bullish day

for the Q's. We called that Monday

morning before the market open. So, if

you want these sort of insights, make

sure you're part of the alpha reports,

the mechan membership. You pay once and

you get lifetime access. It's great. You

want these lines. I mean, you can't make

this up. Look at this. Intel perfectly

rejecting the 2387 line. Just another

example of how these lines kick butt.

Uh, and we'd love for you to not only

see the lines that we have, which you

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That said, a lot of people really

focused on the Federal Reserve this

week. Uh and obviously, you know, if

Donald Trump is able to gut the interior

of the Federal Reserve and basically

get a bunch of people to vote for rate

cuts, then maybe that increases the odds

of rate cuts. If you actually go look at

world interest rate probabilities right

now, we have an 84.5%

chance of a rate cut September 19th or

sorry, September 17th. The problem with

that is if Powell ends up hawking at

Jhole on Friday, then we're screwed

because we're going to be in a place

where the market has to now unpric an

84% chance of rate cuts. Uh, and even if

that goes down to a coin toss, it's

going to lead to a little bit of

nervousness in markets. Bloomberg, I

don't know that I necessarily agree with

this, but Bloomberg is noticing calls

selling accelerating on Meta, Tesla, and

Amazon for spot gamma. Top eight stocks

in the S&P 500 now represent more than

33% of the index, which is leading to

people being concerned about a slowing

of AI spend by Nvidia or by companies

relating to Nvidia. So like Meta for

example talking about lowering tapex or

reducing AI roles uh and uh and

potentially the impact of higher

interest rates for longer on on uh you

know the broader economy. So we'll see.

But this is uh this is definitely some

of the drama that's going on right now.

And uh I hate to say it but for the

first time in in a while because I' I've

always looked at Bill PE as just

basically a kneebender. But you know me

like first of all my goal is to be hated

by everybody. But the second thing is my

goal is to be right. My goal is

accuracy. So like if what Bill Pton is

saying is right, I'm gonna tell you

what's right. If I think he's being, you

know, a bullshitter or a knee bender,

I'm going to tell you that. Uh and if I

I think they have evidence that

something he's saying is wrong, I'm

going to tell you that, too. But in this

case, based on what I'm seeing so far,

as somebody that, you know, I don't

think I'm like bragging here. I think

I'm an expert in real estate. That's

like my bread and butter. Uh especially

with our real estate startup house. I I

I think that there is a lot of smoke

here and it's going to be really hard

for Ko to argue that her intentions

changed magically within two weeks when

she just closed on a refinance for her

home in Michigan.

she probably made an oopsie-doopsies

here and as a result she'll probably

honestly they're replaced and then

Donald Trump is going to have you know

two more people who were voting uh with

Powell now voting against Powell because

they'll end up being you know Trump

chills basically. Now does that lead to

some questioning of Federal Reserve

independence?

Absolutely. Of course.

uh you know in the longer term yes that

does affect Federal Reserve credibility

but in the near term uh it does also

increase the likelihood of uh you know

getting more rate cuts sooner because

you're going to get a whole lot of

pressure on Powell and you're going to

get a lot of dissension voting against

Powell and uh it's just a matter of time

until Donald Trump finds yet another

governor to start spitting on uh or

potentially looking for cause to fire.

Still haven't heard from the Powell

lawsuit, by the way. Mostly I think that

Powell lawsuit's going to be a really

tough one. You would really have to

argue, especially since Powell has not

only Supreme Court essential immunity,

but uh sovereign immunity. You'd really

have to argue that uh Powell's building

out of the Federal Reserve basement,

which was approved by so many different

layers of government, was somehow gross

negligence and incompetence, and that

that would be the way that Trump could

sue Powell. But uh the aggression

continues and it gives you a breakdown

full breakdown of what's going on there.

>> Why not advertise these things that you

told us here? I feel like nobody else

knows about this.

>> We'll we'll try a little advertising and

see how it goes.

>> Congratulations, man. You have done so

much. People love you. People look up to

you.

>> Kevin Praath there, financial analyst

and YouTuber. Meet Kevin. Always great

to get your take.