06/02/2026
Tulsi Gabbard wasn’t qualified to run America’s intelligence agencies.
So Trump replaced her with the guy who runs Fannie Mae.
Trump announced Tuesday morning on Truth Social that Bill Pulte — the director of the Federal Housing Finance Agency and chairman of mortgage giants Fannie Mae and Freddie Mac — will serve as acting director of national intelligence, replacing Tulsi Gabbard. 
Trump’s justification for putting a housing finance official in charge of all 18 U.S. intelligence agencies during an active war with Iran:
“He has deep experience managing the most sensitive matters in America, the safety and soundness of the Markets, and over 10 Trillion Dollars at Fannie Mae/Freddie Mac.” 
Mortgage markets. That’s the qualification. To oversee the CIA, NSA, and every other intelligence agency while the U.S. is bombing Iran and negotiating a nuclear deal.
Pulte will keep all his current positions simultaneously — running the Federal Housing Finance Agency, chairing Fannie Mae and Freddie Mac, AND serving as acting director of national intelligence. 
Here’s what Pulte actually did at the FHFA:
He used his position to make criminal referrals against Trump’s political enemies — including New York Attorney General Letitia James, Senator Adam Schiff, and Federal Reserve Governor Lisa Cook. He went after Fed Chair Jerome Powell for not cutting interest rates fast enough for Trump. He has been described as a “megaphone” for Trump’s political retribution — not a housing regulator. 
It is unclear what national security expertise Pulte has. He has been a frequent guest on Air Force One. 
That’s it. That’s the qualification. He rides on the plane.
Day 94 of the Iran war. Peace talks collapsed yesterday. Oil prices surging. And the person now overseeing every American intelligence agency got the job because he’s loyal and rides on Air Force One.
📌 Source: AP / NBC News / Click On Detroit / U.S. News