BrianKrebs
From the WTAF department, and Bloomberg:
"Mortgage giant Fannie Mae has added Christopher Stanley, a cybersecurity engineer at SpaceX and social media platform X — who is also involved with the Department of Government Efficiency — to its board of directors, the latest sign of how Elon Musk’s allies are embedding into the federal government."
"The appointment, detailed in a regulatory filing on Monday, lists a series of changes at Fannie, including adding Stanley to the board alongside newly confirmed Federal Housing Finance Agency director Bill Pulte and the FHFA’s general counsel Clinton Jones."
"The board shakeup comes days after Pulte was confirmed to his post to lead the FHFA, the agency that sits at the crux of the US housing market, with oversight of Fannie and Freddie Mac."
"In addition to having sway over the government-sponsored entity, Stanley also has the potential to access Fannie’s home-lending data as a member of its board. DOGE, Musk’s federal cost-cutting effort, has burrowed into agencies across the government bureaucracy, calling for staff cuts and terminating contracts.
"Musk’s team has also sought access to valuable databases, including the Treasury’s payment system and Social Security files, moves that have raised alarms from Democrats and federal officials who say the billionaire entrepreneur has access to information that could benefit his web of businesses."
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