Lawyer for Federal Reserve's Cook Claims Mortgage Dispute May Be Due to "Clerical Error"

Jinse Finance reported that the lawyer for Federal Reserve Governor Cook argued that the mortgage dispute leading to Trump's call for her dismissal may have stemmed from an "unintentional clerical error," aiming to weaken the alleged fraudulent intent claimed by Trump and Federal Housing Finance Agency Director Thompson. The legal team stated that even if there was a mistake, it was not intentional deception and no one was harmed as a result, which involves the legal standard of "materiality." "Long before Cook joined the Board, she may have incorrectly marked the property use on her mortgage application, but there was neither intent nor material impact, which does not constitute 'just cause' required for removal," the lawyers wrote in the temporary injunction filing. The legal team also pointed out that neither Trump nor Thompson has clearly alleged that Cook profited from the error or that it was intentional.