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


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