Furious Trump’s Firing of Fed’s Lisa Cook May Be About to Backfire

Guess what: We may soon learn more on this front. Cook just announced that she’s suing to challenge her firing, and people with experience in mortgage law and governance tell me that Cook’s lawyer, well-known D.C. attorney Abbe Lowell, has a major opening in the coming litigation. He can use the discovery process to shed light on why Pulte targeted these mortgages and on any White House involvement in that.

“I’d be highly confident that Abbe is going to explore every avenue of discovery to determine what role, if any, the White House played in instigating this investigation,” Benjamin Klubes, a former acting general counsel at HUD and now a white-collar criminal defense attorney in D.C., told me. Notably, Lowell is also James’s attorney, so he’ll have two avenues to explore. “Abbe will definitely focus on Pulte’s role to determine how and why he chose these targets,” Klubes said.

If and when all this becomes the story—when Pulte’s misconduct and any White House involvement in it gets flushed out into the open—it may suddenly start looking very different from what Trump hoped.