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From the opinion pages of the Wall Street Journal, this is Potomac Watch.

The Trump administration's housing regulator accuses a Federal Reserve governor of mortgage fraud.

Is this another spin down the lawfare spiral?

Meantime, a New York appeals court throws out a penalty against Donald Trump of nearly half a billion dollars in Attorney

General Letitia James' fraud case against the president. Welcome, I'm Kyle Peterson with the

Wall Street Journal. We are joined today by my colleagues, columnist Alicia Finley, and Kim

Strassel. Bill Pulte is the director of the Federal Housing Finance Agency, the chairman of Fannie Mae

and Freddie Mac, and perhaps also a mega-political enforcer.

President Trump is on a campaign to pressure the Federal Reserve to lower interest rates,

and now he has the opportunity to call for the resignation of Fed Governor Lisa Cook

after an investigation by Pulte's agency.

Here is what Bill Pulte said on social media today.

On June 18, 2021, Lisa Cook signed mortgage documents identifying her Michigan residence

as her primary residence.

...