What the New FHFA Director Found When He Went to Work Is Astounding

The things that DOGE and the Trump team have been finding are just incredible.

On Monday we reported on what Elon Musk termed 14 "magic money" computers spread out at various agencies that he said were issuing payments out of thin air. He said most of them were in the Treasury, but there were some in other agencies as well, such as Health and Human Services, one at the State Department, and one at the Department of Defense.

Musk added that his goal is to save $1 trillion of waste and fraud by fiscal year 2026. Musk went on to describe instances where there were software licenses and media subscriptions that outnumbered employees in a department. Musk also stated that DOGE has found "twice as many government credit cards as there are humans."

Then there was what the new Director of the U.S. Federal Housing/Federal Housing Finance Agency (FHFA) Bill Pulte found in his first days on the job. It was a bit like what Small Business Administration head Kelly Loeffler found when she started.

Kelly Loeffler's Post About Her SBA Office Goes Viral When She Explains What Her First Actions Will Be

First, a little background:

U.S. Federal Housing (FHFA) was created by the Housing and Economic Recovery Act of 2008 to oversee Fannie Mae, Freddie Mac, and the Federal Home Loan Bank System, which collectively provide more than $8.5 trillion in funding for U.S. mortgage markets and financial institutions. The Agency serves as regulator and conservator of Fannie Mae and Freddie Mac and regulator of the Federal Home Loan Banks.

Fannie and Freddie are officially Government Sponsored Enterprises, not government agencies.

Then when Pulte went to check out what he was supposed to be regulating, he found a whole lot of empty when he got there, as he detailed to Fox's Laura Ingraham.

"Knock, knock, nobody's home," he announced. "Big beautiful area where employees are supposed to work. Nobody's here."

Director of Federal Housing Bill @pulte Finds More Empty Government Buildings

"There's about 2,900 people that were supposed to work in the building. Turns out only 49 were showing up full time."https://t.co/CWfvNMiOBx pic.twitter.com/PfwUPhXmvT
— Mr Producer (@RichSementa) March 18, 2025

Pulte then explained he was in "second headquarter[s] at Freddie Mac," and again no one appeared to be there -- the desks were "clean," he said. He went to a cafeteria where the staff was working five days a week, but the cafeteria was empty because the workers weren't there five days a week. That doesn't make a lot of sense.

Pulte told Laura Ingraham that at Fannie Mae there were about 2,900 people who were supposed to work in the building, but that it turns out only about 49 were showing up full-time. He said on average that was the highest number they found. He said Freddie Mac had a similar problem and they were going to fix it. So what's happening with all those workers who aren't showing up? Are they working from home or are they not even needed?

But it's just one of the many things they are having to look into and resolve in the wake of Joe Biden. As we saw with DOGE and other agencies, the Trump team just seems to keep uncovering all kinds of issues of waste and inefficiency. Finally, something is being done about it and it's long since time.