Free Republic

The director of the Federal Housing Finance Agency has made the removal of the Fed chair his personal mission.At a meeting with House Republicans this month, President Trump waved a draft of a letter firing the Federal Reserve chair, Jerome H. Powell.The letter, which rattled Washington and global markets, was not written by Mr. Trump or his core economic advisers. Instead, it was drafted by Bill Pulte, the director of the Federal Housing Finance Agency, who has used his perch and his social media prowess to become the Trump administration’s loudest critic of Mr. Powell.The campaign against Mr. Powell has...

On Thursday, Chairman of the Board of Fannie Mae and Freddie Mac, Bill Pulte, said Fed Chair Jerome Powell may be criminally referred to the Justice Department for alleged perjury about the $2.5 billion building renovation plan. “I am told by very reliable Congressional sources that there may be a criminal referral coming from one or more Congress members to the DOJ for Jay Powell’s alleged perjury about the $2.5BN building,” Pulte said on X. I am told by very reliable Congressional sources that there may be a criminal referral coming from one or more Congress members to the DOJ...

The movie The Big Short—dramatizing the reckless behavior in the banking and mortgage industries that contributed to the 2008 financial crisis—captures much of Wall Street's misconduct but overlooks a central player in the collapse: the federal government, specifically through Fannie Mae and Freddie Mac. These two government-created and government-sponsored enterprises (GSEs) encouraged lenders to issue risky home loans by effectively making taxpayers cosign the mortgages. This setup incentivized dangerous lending practices that inflated the housing bubble, eventually leading to catastrophic economic consequences. Another critical but overlooked factor in the collapse was the Community Reinvestment Act. This federal statute was intended...

Paul Sperry @paulsperry_ BREAKING: Only 49 employees have been showing up to work full-time at Fannie Mae's headquarters where more than 2,900 employees are supposed to work, according to Bill Pulte, Trump's new director of the Federal Housing Finance Agency,which oversees both Fannie Mae and Freddie Mac 6:43 PM · Mar 17, 2025