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Bill Palti is announced as the DNI, replacing Tulsi Gabbard.

That's the story, right?

I mean, literally when you first saw this, I thought it was a, I thought the guys were joking around saying, hey, that's the announcement that was made. But let me read this to you. Donald Trump has named housing official to serve as

acting director of national intelligence, DNI, the country's top spy chief overseeing 18 government

intelligence agencies, Bill Pulte, part of a powerful home building dynasty, and a private equity financier, has known background in intelligence and a selection to temporarily fill the position is steering controversy amongst lawmakers and others.

Palti has been accused of using his role as a director of federal housing finance agency to target Trump's perceived enemies by making criminal

referrals over claims of mortgage fraud. In an announcement on social media, Tuesday, Trump

praised policy for overseeing government-controlled mortgage company, Fannie Mae and Freddie Mac.

William has deep experience managing the most sensitive matters in America. The safety of soundness

of the markets and over $10 trillion at Fannie Mae and Freddie

Mac, a substantial increase from where it was just 12 months ago.

During this period where it was just 12 months ago, he will remain director of the federal

housing finance agency and chairman of Fannie Mae and Freddie Mac.

Congratulations to Director Pulte.

Tom, thoughts on this?

So I noticed that he's staying at Fannie Mae Freddie Mac,

he's CEO of the dual organization, the director,

...