{"id":49541,"date":"2025-08-21T21:09:06","date_gmt":"2025-08-22T01:09:06","guid":{"rendered":"https:\/\/prefblog.com\/?p=49541"},"modified":"2025-08-21T21:09:06","modified_gmt":"2025-08-22T01:09:06","slug":"august-21-2025","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=49541","title":{"rendered":"August 21, 2025"},"content":{"rendered":"

So there’s more on the attempt to discredit Lisa Cook of the Fed<\/a>:<\/p>\n

A Justice Department official is set to probe Federal Reserve Governor Lisa Cook after she was accused by a member of President Donald Trump\u2019s administration of committing mortgage fraud, according to a letter sent Thursday to Fed Chair Jerome Powell.<\/p>\n

The letter, seen by CNN, was written by Ed Martin, a lawyer at the department who\u2019s tasked with investigating mortgage fraud. Martin said the situation \u201crequires further examination.\u201d<\/p>\n

In a letter dated August 15, Federal Housing Finance Agency Director Bill Pulte said that Cook claimed two properties \u2014 a home in Michigan and a condo in Atlanta \u2014 as her primary home addresses. On Thursday, he said on social media the administration is \u201cprobing a 3rd property owned by Cook.\u201d<\/p>\n

Pulte, a vocal Trump ally, said in an interview with Bloomberg earlier on Thursday that he looked into Cook, a then-President Joe Biden appointee, based off a tip. He added that his agency has used artificial intelligence software from Palantir to track potential mortgage fraud.<\/p>\n

In his letter, Martin also said: \u201cI encourage you to remove Ms. Cook from your Board. Do it today before it is too late!\u201d<\/p>\n

\u201cAfter all, no American thinks it is appropriate that she serve during this time with a cloud hanging over her,\u201d he said.<\/p><\/blockquote>\n

This keeps getting more mysterious. This was started because of a tip? How did the tipster know? Does Pulte actually have copies of the documents, or what?<\/p>\n

And Martin, the Justice Department guy. I really have to question the propriety of him writing \u201cI encourage you to remove Ms. Cook from your Board. Do it today before it is too late!\u201d at any time, let alone before “further examination”. That’s not what Justice Departments do, at least not in civilized countries.<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
HIMIPref™ Preferred Indices
These values reflect the December 2008 revision of the HIMIPref™ Indices<\/strong>
Values are provisional and are finalized monthly<\/td>\n<\/tr>\n
Index<\/td>\nMean
Current
Yield
(at bid)<\/td>\n		Median
YTW<\/td>\n		Median
Average
Trading
Value<\/td>\n		Median
Mod Dur
(YTW)<\/td>\n		Issues<\/td>\nDay’s Perf.<\/td>\nIndex Value<\/td>\n<\/tr>\n
Ratchet<\/td>\n6.84 %<\/td>\n7.30 %<\/td>\n35,557<\/td>\n13.11<\/td>\n1<\/td>\n0.6231 %<\/td>\n2,413.4<\/td>\n<\/tr>\n
FixedFloater<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.3305 %<\/td>\n4,614.9<\/td>\n<\/tr>\n
Floater<\/td>\n6.58 %<\/td>\n6.93 %<\/td>\n42,693<\/td>\n12.57<\/td>\n3<\/td>\n0.3305 %<\/td>\n2,659.6<\/td>\n<\/tr>\n
OpRet<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-0.3582 %<\/td>\n3,677.5<\/td>\n<\/tr>\n
SplitShare<\/td>\n4.76 %<\/td>\n4.33 %<\/td>\n50,004<\/td>\n2.36<\/td>\n7<\/td>\n-0.3582 %<\/td>\n4,391.8<\/td>\n<\/tr>\n
Interest-Bearing<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-0.3582 %<\/td>\n3,426.6<\/td>\n<\/tr>\n
Perpetual-Premium<\/td>\n5.81 %<\/td>\n1.26 %<\/td>\n94,663<\/td>\n0.08<\/td>\n2<\/td>\n0.3789 %<\/td>\n3,066.6<\/td>\n<\/tr>\n
Perpetual-Discount<\/td>\n5.60 %<\/td>\n5.73 %<\/td>\n42,791<\/td>\n14.26<\/td>\n30<\/td>\n0.1417 %<\/td>\n3,340.1<\/td>\n<\/tr>\n
FixedReset Disc<\/td>\n5.66 %<\/td>\n6.24 %<\/td>\n114,075<\/td>\n13.23<\/td>\n37<\/td>\n-0.2381 %<\/td>\n3,001.4<\/td>\n<\/tr>\n
Insurance Straight<\/td>\n5.43 %<\/td>\n5.53 %<\/td>\n55,867<\/td>\n14.53<\/td>\n18<\/td>\n0.1821 %<\/td>\n3,328.6<\/td>\n<\/tr>\n
FloatingReset<\/td>\n5.26 %<\/td>\n5.33 %<\/td>\n36,133<\/td>\n14.86<\/td>\n1<\/td>\n0.0000 %<\/td>\n3,747.6<\/td>\n<\/tr>\n
FixedReset Prem<\/td>\n5.89 %<\/td>\n5.03 %<\/td>\n117,371<\/td>\n2.48<\/td>\n17<\/td>\n-0.0137 %<\/td>\n2,626.7<\/td>\n<\/tr>\n
FixedReset Bank Non<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-0.2381 %<\/td>\n3,068.0<\/td>\n<\/tr>\n
FixedReset Ins Non<\/td>\n5.26 %<\/td>\n5.66 %<\/td>\n68,180<\/td>\n14.30<\/td>\n15<\/td>\n0.0058 %<\/td>\n3,046.9<\/td>\n<\/tr>\n<\/table>\n\n\n\n\n\n\n\n\n\n\n\n\n
Performance Highlights<\/strong><\/td>\n<\/tr>\n
Issue<\/td>\nIndex<\/td>\nChange<\/td>\nNotes<\/td>\n<\/tr>\n
BIP.PR.F<\/td>\nFixedReset Disc<\/td>\n-8.55 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-08-21
\nMaturity Price : 22.40
\nEvaluated at bid price : 23.00
\nBid-YTW : 6.68 %<\/td>\n<\/tr>\n
PWF.PR.F<\/td>\nPerpetual-Discount<\/td>\n-3.33 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-08-21
\nMaturity Price : 22.35
\nEvaluated at bid price : 22.62
\nBid-YTW : 5.85 %<\/td>\n<\/tr>\n
PWF.PR.T<\/td>\nFixedReset Disc<\/td>\n-2.30 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-08-21
\nMaturity Price : 22.79
\nEvaluated at bid price : 23.74
\nBid-YTW : 5.73 %<\/td>\n<\/tr>\n
FTS.PR.J<\/td>\nPerpetual-Discount<\/td>\n-2.11 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-08-21
\nMaturity Price : 21.52
\nEvaluated at bid price : 21.78
\nBid-YTW : 5.46 %<\/td>\n<\/tr>\n
PVS.PR.L<\/td>\nSplitShare<\/td>\n-2.11 %<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2030-06-30
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.57
\nBid-YTW : 5.26 %<\/td>\n<\/tr>\n
POW.PR.D<\/td>\nPerpetual-Discount<\/td>\n-1.37 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-08-21
\nMaturity Price : 22.12
\nEvaluated at bid price : 22.40
\nBid-YTW : 5.64 %<\/td>\n<\/tr>\n
ENB.PR.H<\/td>\nFixedReset Disc<\/td>\n1.77 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-08-21
\nMaturity Price : 21.51
\nEvaluated at bid price : 21.88
\nBid-YTW : 6.10 %<\/td>\n<\/tr>\n
PWF.PR.S<\/td>\nPerpetual-Discount<\/td>\n6.32 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-08-21
\nMaturity Price : 21.27
\nEvaluated at bid price : 21.54
\nBid-YTW : 5.61 %<\/td>\n<\/tr>\n
CU.PR.J<\/td>\nPerpetual-Discount<\/td>\n7.30 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-08-21
\nMaturity Price : 21.46
\nEvaluated at bid price : 21.46
\nBid-YTW : 5.56 %<\/td>\n<\/tr>\n<\/table>\n\n\n\n\n\n\n\n\n\n\n
Volume Highlights<\/strong><\/td>\n<\/tr>\n
Issue<\/td>\nIndex<\/td>\nShares
Traded<\/td>\n		Notes<\/td>\n<\/tr>\n
TD.PF.E<\/td>\nFixedReset Disc<\/td>\n56,000<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2025-10-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.00
\nBid-YTW : 4.20 %<\/td>\n<\/tr>\n
IFC.PR.A<\/td>\nFixedReset Ins Non<\/td>\n51,369<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-08-21
\nMaturity Price : 21.64
\nEvaluated at bid price : 22.07
\nBid-YTW : 5.44 %<\/td>\n<\/tr>\n
MFC.PR.L<\/td>\nFixedReset Ins Non<\/td>\n51,100<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-08-21
\nMaturity Price : 22.76
\nEvaluated at bid price : 23.75
\nBid-YTW : 5.54 %<\/td>\n<\/tr>\n
BN.PR.R<\/td>\nFixedReset Disc<\/td>\n50,000<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-08-21
\nMaturity Price : 19.55
\nEvaluated at bid price : 19.55
\nBid-YTW : 6.72 %<\/td>\n<\/tr>\n
IFC.PR.E<\/td>\nInsurance Straight<\/td>\n32,200<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-08-21
\nMaturity Price : 23.71
\nEvaluated at bid price : 24.00
\nBid-YTW : 5.49 %<\/td>\n<\/tr>\n
IFC.PR.G<\/td>\nFixedReset Ins Non<\/td>\n26,700<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-08-21
\nMaturity Price : 23.40
\nEvaluated at bid price : 25.00
\nBid-YTW : 5.66 %<\/td>\n<\/tr>\n
There were 7 other index-included issues trading in excess of 10,000 shares.<\/td>\n<\/tr>\n<\/table>\n\n\n\n\n\n\n\n\n\n\n
Wide Spread Highlights<\/strong><\/td>\n<\/tr>\n
See TMX DataLinx: ‘Last’ != ‘Close’<\/a> and the posts linked therein for an idea of why these quotes are so horrible.<\/td>\n<\/tr>\n
Issue<\/td>\nIndex<\/td>\nQuote Data and Yield Notes<\/td>\n<\/tr>\n
PWF.PR.A<\/td>\nFloater<\/td>\nQuote: 14.00 – 16.99
\nSpot Rate : 2.9900
\nAverage : 1.6013<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-08-21
\nMaturity Price : 14.00
\nEvaluated at bid price : 14.00
\nBid-YTW : 6.24 %<\/td>\n<\/tr>\n

BIP.PR.F<\/td>\nFixedReset Disc<\/td>\nQuote: 23.00 – 25.30
\nSpot Rate : 2.3000
\nAverage : 1.3240<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-08-21
\nMaturity Price : 22.40
\nEvaluated at bid price : 23.00
\nBid-YTW : 6.68 %<\/td>\n<\/tr>\n

MFC.PR.B<\/td>\nInsurance Straight<\/td>\nQuote: 21.85 – 23.36
\nSpot Rate : 1.5100
\nAverage : 0.9917<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-08-21
\nMaturity Price : 21.59
\nEvaluated at bid price : 21.85
\nBid-YTW : 5.31 %<\/td>\n<\/tr>\n

PVS.PR.H<\/td>\nSplitShare<\/td>\nQuote: 25.35 – 26.35
\nSpot Rate : 1.0000
\nAverage : 0.5720<\/p>\n

YTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2026-02-28
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.35
\nBid-YTW : 3.86 %<\/td>\n<\/tr>\n

PWF.PR.F<\/td>\nPerpetual-Discount<\/td>\nQuote: 22.62 – 23.50
\nSpot Rate : 0.8800
\nAverage : 0.5041<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-08-21
\nMaturity Price : 22.35
\nEvaluated at bid price : 22.62
\nBid-YTW : 5.85 %<\/td>\n<\/tr>\n

PWF.PR.T<\/td>\nFixedReset Disc<\/td>\nQuote: 23.74 – 24.74
\nSpot Rate : 1.0000
\nAverage : 0.6396<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-08-21
\nMaturity Price : 22.79
\nEvaluated at bid price : 23.74
\nBid-YTW : 5.73 %<\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

So there’s more on the attempt to discredit Lisa Cook of the Fed: A Justice Department official is set to probe Federal Reserve Governor Lisa Cook after she was accused by a member of President …<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[15],"tags":[],"class_list":["post-49541","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/49541","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=49541"}],"version-history":[{"count":1,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/49541\/revisions"}],"predecessor-version":[{"id":49542,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/49541\/revisions\/49542"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=49541"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=49541"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=49541"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}