This is a bit of an under-the-radar story, which one would have thought would be bigger news
Fannie Mae fires more than 100 employees for unethical conduct, including the facilitation of fraud
Fannie Mae said Tuesday it fired more than 100 employees for unethical conduct.
“Since my swearing-in, we fired over 100 employees from Fannie Mae who we caught engaging in unethical conduct, including facilitating fraud, against our great company,” William J. Pulte, chair of Fannie Mae’s board of directors, said in a statement.
“Anyone who commits fraud against Fannie Mae does so against the American people,” he added.
In his Tuesday statement, the Pulte said under the Trump administration there would be no room for fraud, mortgage fraud or “any other deceitful act that can jeopardize the safety and soundness of the housing industry.”
Pulte was sworn in on March 14 after being appointed by President Trump.
That’s a good start. Of course, it’s just over 100 of 8,100 employees from this “government-sponsored enterprise”
Further details on the firings were not revealed. However, Pulte did note that the agency reduced 25 percent of staff as ordered by the Department of Government Efficiency (DOGE).
“We exceeded DOGE’s expectations at U.S. Federal Housing (FHFA), with an over 25 percent reduction in the Agency’s active workforce,” he wrote in a Tuesday afternoon post on the social platform X.
Downsizing federal agencies where they need to be downsized is fantastic, but, my preferred method would be to terminate employees caught in wrongdoing, especially fraud, graft, and waste, and then prosecute them. If any of these over 100 are prosecuted will it make the news? Prosecutions should be happening across the federal agencies. You know there is massive fraud, graft, and waste.
Firing is great when are we going to see the arrests trials and conviction of the thieves of taxpayer dollars.
Agreed!! Why won’t they prosecute the fraudsters??
Bill Pulte is a big time 47 campaign donor appointed to Chairman of the Board of Fannie Mae last month.
47’s stooges has been firing fed employees right and left, often lying that the employees were criminals and/or poor performers.
If the employees were committing fraud, which is a crime, they need to be prosecuted!! Otherwise, we have to assume these are just more lies from our government.
Or in other words…
The Mighty Rimjob!
He’ll save us commoners.
Lil Pissant,
But you’re the anonymous coward, LOL.
“In his Tuesday statement, the Pulte said under the Trump administration there would be no room for fraud…”
What exactly is “the Pulte”?
Hard to prosecute when the attorney general spends all her time on TV appearances.
You would think that with all the corruption in DC there would be some low hanging fruit she could prosecute now. I guess not.
The AG spends ZERO time in court prosecuting anyone.
It’s like asking Elon Musk to attach a bumper to a Tesla. It won’t happen in either case.
Pam Bondi is doing what Trump wants of his people. Transparency. Taking pressure off him by giving the press someone else to kick around.
Hell, even JD VANCE in 3 months has had more appearances and press time than Kamala or Biden before her under Obama had their entire terms.