Fannie Mae Fires Over 100 For Misconduct
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.
The post Fannie Mae Fires Over 100 For Misconduct appeared first on Pirate’s Cove.
Source: https://www.thepiratescove.us/2025/04/10/fannie-mae-fires-over-100-for-misconduct/
How about billionaires who sell stock just before tariffs are enacted, then buy on the dip, then sell again when tariffs are paused and the market has gone back up? Interesting, and it would normally be investigated by the S.E.C., except that the S.E.C. has been gutted, in the name of reducing “waste, fraud, and abuse”. Hmm…It is their own form of the Golden Rule, “We have the gold, so we make the rules!”
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