The StoneZONE with Roger Stone


The Stone Zone ｜ 05-22-25


Episode Stats

Misogynist Sentences

4

Hate Speech Sentences

7


Summary

The Stone Zone, on the Red Apple Podcast Network's Red Apple Radio Network, is hosted by Roger Stone. Today's show is a special edition of The Stone Zone where Roger talks about the massive tax cut bill passed by the House of Representatives, the "Big Beautiful Bill."


Transcript

00:00:00.000 The Stone Zone, on the Red Apple Podcast Network.
00:00:15.860 This is The Stone Zone, with Roger Stone.
00:00:19.760 People love him and respect him, Roger Stone.
00:00:22.440 Now, get in the zone, it's The Stone Zone.
00:00:26.420 Here's Roger Stone.
00:00:27.980 Welcome. You are entering The Stone Zone, and we've got one big, beautiful show for you.
00:00:36.560 Today is indeed a historic day, as the U.S. House of Representatives has passed the greatest single tax reduction bill in its history,
00:00:46.760 the so-called Big Beautiful Bill, as President Donald Trump has called it,
00:00:51.060 as historic as the Reagan tax cuts, as historic as the Kennedy tax cuts in the 1960s,
00:00:58.860 and in the tradition of the Trump tax cuts, which this bill continues, or I should say renews as of January,
00:01:08.660 the U.S. House of Representatives passed the bill 2015 to 2014 without a single vote from a Democrat.
00:01:18.240 In other words, the Democrats in the House voted against the greatest single tax cut on the working people of America in our history.
00:01:27.280 The big, beautiful bill passed late last night.
00:01:33.100 The president celebrated the bill's passage on true social writing.
00:01:37.160 The one big, beautiful bill has passed the House of Representatives.
00:01:40.740 This is arguably the most significant piece of legislation that will ever be signed in the history of our country.
00:01:47.500 The bill includes massive tax cuts across the board.
00:01:51.220 The idea that the tax cuts are just for the wealthy is propaganda.
00:01:55.840 It's a lie.
00:01:57.140 But no tax on tips.
00:01:59.540 No tax on overtime.
00:02:01.520 No tax on Social Security.
00:02:03.840 Tax deductions when you purchase an American-made automobile or truck,
00:02:09.180 along with strong border measure increased funding.
00:02:13.820 Pay raises for our ICE and Border Patrol agents.
00:02:17.700 Funding for the Golden Dome.
00:02:19.980 That's the strategic defense initiative in which, like Israel, America will now be protected from incoming ICBM missiles.
00:02:31.120 This is a great idea.
00:02:32.540 It goes back to the days of Ronald Reagan.
00:02:35.320 The liberals used to deride it as Star Wars, but we have seen it protect Israel, and it can protect America.
00:02:43.680 By the way, the one for the Eastern Seaboard should be put at Fort Drum in upstate New York.
00:02:50.380 Congress has voted for that, but now the funding for it, but they're dragging their feet.
00:02:55.320 The bill passed by the House includes Trump saving accounts for newborn babies and much, much more.
00:03:01.520 I give credit to Speaker Mike Johnson and the House leadership for rounding up the votes.
00:03:10.040 Incredibly, Congressman Garbarino of New York didn't show up.
00:03:16.420 He said he fell asleep.
00:03:18.640 Really, that's disgraceful.
00:03:20.800 Falling asleep when there's a vote on the single most important legislation, perhaps, in American history.
00:03:27.160 So now, of course, all eyes are on the U.S. Senate.
00:03:30.700 We have to see what the Senate will do.
00:03:33.360 There is no time to waste.
00:03:35.180 The Democrats have lost control of their party.
00:03:38.540 They're aimlessly wandering around, showing no confidence, no grit, but above all, no agenda.
00:03:44.660 No agenda to help the hard-pressed, working, middle-class taxpayers of America.
00:03:52.160 No, nothing to help the family.
00:03:55.200 They literally have no agenda other than we hate Trump.
00:04:00.960 Not very attractive.
00:04:02.460 They've forgotten their landslide loss already in the presidential election.
00:04:06.580 They're warped in the past, hoping someday to revive open borders, I guess,
00:04:11.580 so the world's criminals can continue to pour into our country.
00:04:15.840 So, once again, men will be able to play in women's sports and transgender for everything.
00:04:21.360 The Democrats don't seem to realize that these things, like so many more like them, will never, ever happen again.
00:04:29.380 The bill passed would not only extend the President's 2017 tax cuts as of January,
00:04:35.380 but, as I said, boosts the child tax credit, offers an additional $4,000 deduction for seniors,
00:04:41.840 and puts an end to the absurd, pointless, ineffective green tax initiatives.
00:04:48.480 Evidently, former President Barack Obama is extremely upset about the bill passing,
00:04:53.560 saying on Twitter that Republicans in Congress are trying to push through a bill
00:04:57.900 that would put millions at risk for losing their health care.
00:05:01.720 They want to cut federal funding for Medicaid.
00:05:04.320 That's what's called a lie, ladies and gentlemen.
00:05:07.320 The Democrats do this every two or four years.
00:05:09.920 In reality, it's the illegal immigrants in this country who will no longer be able to get the Medicaid benefits
00:05:18.080 that they never were eligible to get in the first place.
00:05:21.800 Could that be what Barack Obama is talking about?
00:05:25.260 Meanwhile, Ed Martin, you remember him,
00:05:28.220 he was appointed by President Donald Trump to be the U.S. Attorney for the District of Columbia,
00:05:33.340 only to have his nomination derailed by one rhino senator, Tom Tillis, from North Carolina.
00:05:42.180 Tillis, who I now hope will face a vigorous challenge in the Republican primary for re-election in 2026.
00:05:49.980 But Ed Martin was immediately appointed by President Donald Trump to be a deputy attorney general
00:05:57.300 and to head a task force on the weaponization of the Justice Department under Joe Biden.
00:06:07.080 The DOJ pardon attorney and deputy attorney general has now revealed
00:06:12.120 that a semen-air Democrat whistleblower has come forward with shocking allegations
00:06:17.200 regarding the Joe Biden auto pen scandal.
00:06:21.640 You're familiar with this.
00:06:22.740 This is where they used an auto pen to sign pardons,
00:06:27.200 not just for Joe Biden's political cronies like Adam Schiff and Nancy Pelosi
00:06:33.560 and Dr. Anthony Fauci and others,
00:06:37.380 but also for hardened criminals, murderers, drug dealers,
00:06:43.000 those involved in child sex trafficking,
00:06:47.380 people who have shown no remorse,
00:06:49.480 people who never even applied for pardons.
00:06:52.740 The Justice Department is reviewing now all of Biden's last-minute pardons
00:06:57.740 because they were never done with a real presidential signature.
00:07:02.980 We know that President Biden personally signed the pardon for his son and his brother,
00:07:09.200 but when it comes to the others,
00:07:11.300 it appears that virtually all of them, more than 1,500 pardons,
00:07:15.660 were signed with an auto pen.
00:07:17.680 I have identified Neera Tanden and Steve Nelson,
00:07:22.600 two key Biden aides of those who had control of the auto pen,
00:07:28.920 not to mention Ron Klain, the former White House chief of staff.
00:07:34.680 But a whistleblower came to Ed Martin 10 days ago,
00:07:39.460 very, very senior Democrat,
00:07:41.180 and named the three people who had access,
00:07:45.000 claiming that they were being paid,
00:07:46.860 meaning it was a side gig.
00:07:49.120 They were making money out of it.
00:07:52.220 Now, we have not had a full investigation.
00:07:54.400 At this point, that is merely an allegation.
00:07:57.700 But the point, of course,
00:07:58.520 is that we do need to get to the bottom of it
00:08:01.900 for the sake of the American people
00:08:04.100 and to protect the process.
00:08:05.660 And that is what Ed Martin has pledged to do.
00:08:09.960 Although Martin could not reveal the whistleblower's name,
00:08:13.280 he said the senior Democrat whistleblower
00:08:15.800 worked as a high-level advisor to Joe Biden's 2020 campaign.
00:08:20.760 Martin also said the Biden pardons are unprecedented,
00:08:23.540 added that a couple of the people involved in the scandal
00:08:25.660 have already lawyered up.
00:08:27.820 I just named names.
00:08:29.200 Perhaps others won't do so, but I just did.
00:08:32.260 What Martin did reveal is that the three gatekeepers
00:08:35.300 who are allegedly selling access to the auto pen
00:08:38.280 included Ron Klain and Chairman Mao fanatic Anita Dunn,
00:08:44.840 as well as Biden attorney Bob Bauer.
00:08:48.760 Those are in addition to Neera Tenden and Steve Nelson,
00:08:52.660 two that I named based on my own sources.
00:08:56.200 Martin said that Biden counsel Steve Reschetti
00:08:59.160 and Jill Biden also were lead characters
00:09:02.580 in this auto pen scandal.
00:09:05.560 And they too will have to be investigated.
00:09:09.740 Yesterday, of course, you would have to be living under a rock
00:09:13.680 if you didn't see President Donald Trump
00:09:15.460 confronting South African President Cyril Ramaphosa
00:09:20.080 in the Oval Office on Wednesday,
00:09:22.360 during which Trump confronted the South African leader
00:09:25.340 about the violent persecution being faced
00:09:28.140 by white residents of his country.
00:09:31.200 This comes as the U.S. has accepted Afrikaner refugees,
00:09:36.380 56 of them, while fielding questions from reporters.
00:09:39.860 One asked Trump,
00:09:40.920 what does it take from you to be convinced
00:09:43.220 that there's no white genocide in South Africa?
00:09:46.980 The president of South Africa then interrupted and said,
00:09:50.320 well, if I can answer that for the president,
00:09:52.280 it will take president listening to the voices of South Africans,
00:09:55.500 some of whom are his good friends,
00:09:57.060 like those who are here when we have talks between us.
00:10:00.420 I'm not going to be repeating what I've already said.
00:10:03.200 I would say there is no Afrikaner farmer genocide.
00:10:06.800 I can bet you these gentlemen would not be here,
00:10:09.300 including my minister of agriculture,
00:10:11.220 who would not be with me if that was the case.
00:10:13.920 The president immediately not only showed a video,
00:10:18.560 but produced dozens of news stories
00:10:21.900 covering the violent deaths
00:10:24.360 and the seizing of lands of white farmers in South Africa.
00:10:28.860 It's interesting to me that through this entire time,
00:10:32.860 Elon Musk, who of course comes from South Africa,
00:10:36.900 today a U.S. citizen,
00:10:38.740 glared at the president of South Africa
00:10:41.600 because, well, I think Elon knew
00:10:43.740 that the president of South Africa was lying.
00:10:47.140 Trump directed the lights be turned down
00:10:49.220 and they showed that shocking video,
00:10:52.180 which appeared to be a rally from the president's party,
00:10:55.960 in which various speakers, singers, and dancers
00:10:59.240 were calling for the murder of white South Africans.
00:11:04.200 The video clip played said
00:11:06.380 that killing is part of the revolution.
00:11:08.360 They can take land when they feel like it
00:11:10.880 without compensation,
00:11:12.220 and they were chanting,
00:11:13.740 kill the boar,
00:11:15.080 which is what white South Africans are called.
00:11:18.500 Additional footage played with Trump explaining
00:11:20.800 that these were the burial sites
00:11:23.020 of over 1,000 white farmers in South Africa.
00:11:26.700 You can see the crosses.
00:11:29.400 If those were not grave sites, what were they?
00:11:32.860 It was a terrible site, as the president said.
00:11:35.420 I've never seen anything like it.
00:11:37.160 Have they told you what that is, Mr. President?
00:11:40.820 I'd like to know what that is
00:11:41.860 because the president of South Africa
00:11:43.660 claims he had never seen that.
00:11:46.240 The president, as I say,
00:11:47.500 leafed through a stack of printed articles
00:11:50.620 saying these are the articles
00:11:52.060 over the last couple of days.
00:11:53.360 Death of people.
00:11:54.640 Death, death, death, horrible deaths.
00:11:57.760 He noted articles about white South Africans
00:12:00.120 fleeing their home country due to violence.
00:12:02.320 A white South African company
00:12:03.700 was violently attacked
00:12:04.760 and burial sites
00:12:06.360 that have been documented across the country.
00:12:08.700 When you look at the videos,
00:12:10.420 I mean, how does it get any worse,
00:12:12.160 the president said.
00:12:13.540 And these are people that are officials.
00:12:15.400 They're people saying,
00:12:16.380 kill the white farmer and take their land.
00:12:18.720 I have other friends in South Africa,
00:12:20.920 those who have left.
00:12:22.200 One in particular says,
00:12:23.360 you cannot safely go there.
00:12:25.100 He said they want to take your land
00:12:26.920 and they want to kill you.
00:12:28.360 Again, the president of South Africa claimed
00:12:30.940 that speeches in the clips
00:12:32.360 are not government policy.
00:12:34.760 In South Africa,
00:12:35.940 people are allowed to express themselves.
00:12:39.440 It was disgraceful.
00:12:41.640 In the meantime,
00:12:42.840 Robert F. Kennedy Jr.
00:12:44.360 singled out four potential causes
00:12:46.100 for the crisis impacting
00:12:48.200 nearly half of America's children.
00:12:50.540 The HH secretary pointed
00:12:52.140 to four potential causes
00:12:53.380 of childhood chronic disease
00:12:55.440 and a bombshell report
00:12:56.800 that was released Thursday.
00:12:58.940 The first step in Trump's administration's plan
00:13:01.280 to reverse what he calls
00:13:02.460 a crisis impacting 40% of America's kids.
00:13:06.640 This is the movement
00:13:08.520 to make America healthy again.
00:13:11.680 The port identified poor diet,
00:13:14.280 environmental chemicals,
00:13:15.700 lack of physical activity,
00:13:17.220 and chronic stress,
00:13:18.540 as well as the over-medicalization
00:13:21.480 of our children
00:13:22.900 as the possible causes
00:13:24.820 for the persistent maladies,
00:13:27.320 including obesity,
00:13:29.020 autism, cancer,
00:13:30.400 mental health issues,
00:13:31.720 and allergies.
00:13:32.900 When we come back,
00:13:34.420 the head of the
00:13:35.840 Federal Housing Finance Agency,
00:13:38.760 William Pulte,
00:13:39.620 is going to join us
00:13:40.620 and talk to us about
00:13:41.840 President Donald Trump's commitment
00:13:43.620 to make housing affordable
00:13:45.920 in America again.
00:13:47.420 So whatever you do,
00:13:48.580 don't touch that dial.
00:13:49.920 We'll be right back
00:13:51.120 in the Stone Zone
00:13:52.000 after these messages.
00:13:53.200 The Stone Zone
00:13:55.140 on the Red Apple Podcast Network.
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00:14:34.540 The Stone Zone
00:14:36.040 on the Red Apple Podcast Network.
00:14:40.480 Welcome back in the Stone Zone.
00:14:42.740 We're joined now by William Pulte.
00:14:45.180 Bill Pulte is a dynamic
00:14:47.440 American businessman,
00:14:48.740 philanthropist,
00:14:49.460 who was appointed
00:14:50.180 as director of the Federal
00:14:52.060 Housing Finance Agency
00:14:53.580 by President Donald Trump
00:14:54.780 and confirmed by the U.S. Senate
00:14:56.140 in March of 2025.
00:14:59.480 He is a successful entrepreneur
00:15:01.420 and businessman.
00:15:02.440 He is the grandson
00:15:03.340 of William J. Pulte,
00:15:05.040 the founder of Pulte Group,
00:15:06.460 one of the nation's largest
00:15:07.620 and best-known homebuilders.
00:15:09.640 He is a former director
00:15:10.680 of Pulte Homes
00:15:11.440 and the chief executive officer
00:15:13.260 of Pulte Capital Partners
00:15:14.460 before joining the government.
00:15:16.320 And now, I believe Bill Pulte's appointment
00:15:18.580 demonstrates President Donald Trump's pledge
00:15:22.120 to make housing affordable again
00:15:24.400 and to expand the affordable housing
00:15:27.660 across the country.
00:15:28.720 Bill Pulte, welcome to the Stone Zone.
00:15:31.380 Thank you, Roger.
00:15:32.140 Always good talking to you.
00:15:34.060 So, we have a little bit of time
00:15:35.920 before we have to go to break
00:15:36.940 and then we'll have more time
00:15:38.020 to talk about your commitment
00:15:39.500 to President Trump's agenda
00:15:40.940 to make housing more affordable
00:15:42.940 and to extend the housing stock in America.
00:15:45.500 But how did you find things
00:15:47.540 when you were first appointed
00:15:48.660 to the Federal Housing Finance Agency?
00:15:51.240 You have oversight of both Fannie Mae
00:15:53.380 and Freddie Mac,
00:15:54.400 two of the most important engines
00:15:56.520 for financing of homes in America.
00:15:59.220 But I remember you telling me
00:16:00.020 that virtually nobody
00:16:01.260 was showing up for work.
00:16:02.940 Yeah, we had 16,000 people, Roger,
00:16:04.760 if you can believe that.
00:16:05.680 And most all of them
00:16:06.780 were not going to work.
00:16:08.440 And it's crazy to think about it
00:16:09.580 because these are the two largest companies
00:16:11.340 in terms of asset size in the world.
00:16:13.360 Roger, we have,
00:16:14.380 and Americans have these two companies,
00:16:16.100 Fannie Mae with $4.4 trillion in assets.
00:16:20.260 Can you believe that?
00:16:21.040 And $3.4 trillion at Freddie Mac.
00:16:23.260 These are huge American icons.
00:16:25.440 And until President Trump
00:16:26.400 showed up on the scene,
00:16:27.600 as far as I'm concerned,
00:16:28.920 no other presidents really gave a damn
00:16:30.580 about these two companies.
00:16:33.300 You told me a great story,
00:16:34.720 which I'm going to ask you to repeat.
00:16:35.660 You told a driver to take you
00:16:37.640 to one of their corporate headquarters
00:16:39.200 and he didn't know where it was
00:16:41.200 because he'd never been there.
00:16:42.280 Yeah, he said,
00:16:43.280 I don't think those exist.
00:16:44.320 I wanted to go to the Fannie Mae office
00:16:46.280 in Virginia
00:16:47.300 and the Freddie Mac office in Virginia.
00:16:49.160 And he said,
00:16:49.900 Sir, I don't think we have offices out there.
00:16:52.200 And this is the guy
00:16:52.840 who had been with all of the directors
00:16:54.220 since inception.
00:16:55.220 So, look,
00:16:56.900 you know,
00:16:57.160 it is what it is.
00:16:58.220 What's happened in the past has happened.
00:16:59.880 But now we're in the driver's seat
00:17:01.240 and we're affecting positive change.
00:17:02.760 We've been on the job eight weeks
00:17:03.960 and we're moving at lightning speed
00:17:06.340 because President Trump
00:17:07.540 was given a mandate
00:17:08.300 and we are doing everything we can
00:17:10.220 to fill that out.
00:17:11.460 When we come back,
00:17:12.720 I'm going to ask Bill Pulte
00:17:14.360 about this truth social post
00:17:16.180 by President Donald Trump.
00:17:17.540 He said yesterday,
00:17:18.520 I'm giving very serious consideration
00:17:20.800 to bringing Fannie Mae
00:17:22.440 and Freddie Mac public.
00:17:23.920 I'm speaking with Treasury Secretary
00:17:25.440 Scott Besant,
00:17:26.920 Secretary of Commerce Howard Lutnick
00:17:28.400 and Director of the Federal Housing Finance Agency,
00:17:31.280 William Pulte, among others,
00:17:32.760 who will be making a decision
00:17:33.780 in the near future.
00:17:35.400 Fannie Mae and Freddie Mac
00:17:36.540 are doing very well,
00:17:37.540 throwing off a lot of cash.
00:17:38.760 And the time would seem right
00:17:41.080 to take them public.
00:17:42.620 So stay tuned.
00:17:43.740 When we come back,
00:17:44.420 I'm going to ask Bill Pulte
00:17:45.380 about that potentially historic posting
00:17:48.420 on social media
00:17:49.180 by President Donald Trump
00:17:50.640 and talk about the prospects
00:17:52.800 for more affordable housing,
00:17:54.540 which is the marching order
00:17:55.820 that President Trump
00:17:56.760 has clearly given
00:17:57.640 the agency director, Bill Pulte,
00:17:59.940 who joins us today.
00:18:01.180 Thanks for joining us
00:18:02.300 in the Stone Zone today.
00:18:04.280 Bill Pulte probably knows more
00:18:06.320 about housing than anybody I know.
00:18:09.420 Like Donald Trump,
00:18:10.400 he's a businessman.
00:18:11.360 He doesn't come from government
00:18:12.240 or politics.
00:18:13.140 He comes from the private sector.
00:18:15.060 I'm anxious to get his answers
00:18:16.660 on the other side.
00:18:18.020 Whatever you do,
00:18:18.720 don't touch that dial
00:18:19.800 because we'll be right back
00:18:20.800 in the Stone Zone
00:18:21.480 in just a few minutes.
00:18:22.560 The Stone Zone
00:18:24.460 on the Red Apple Podcast Network.
00:18:33.380 The Stone Zone
00:18:34.920 on the Red Apple Podcast Network.
00:18:39.280 Welcome back to the Stone Zone.
00:18:41.400 We're talking to Bill Pulte.
00:18:43.560 He was appointed director
00:18:45.140 of the Federal Housing Finance Agency
00:18:47.740 by President Donald Trump.
00:18:49.380 And in that role,
00:18:50.180 he takes very seriously
00:18:52.280 his charge from President Trump
00:18:54.020 to make housing affordable
00:18:56.680 for all Americans.
00:18:58.580 Again, he has already enacted
00:19:02.140 incredible reforms
00:19:03.940 at that agency.
00:19:04.900 Bill, let me ask you,
00:19:05.960 how have inflation
00:19:07.080 and the interest rates
00:19:08.280 affected the current housing market?
00:19:10.220 And this is a matter
00:19:11.720 of personal opinion.
00:19:12.580 Do you think the Federal Reserve
00:19:14.000 should cut rates
00:19:15.380 to create a further housing boom
00:19:18.220 in America?
00:19:18.740 Well, I agree
00:19:20.360 with all of President Trump's comments
00:19:21.900 on the Fed needing
00:19:22.680 to lower rates.
00:19:23.640 I would say that
00:19:24.660 the inflation under Biden,
00:19:26.440 and we all know this,
00:19:27.620 was astronomical.
00:19:29.180 And what happens
00:19:29.900 for people who don't know
00:19:31.300 about mortgage rates
00:19:32.140 and why mortgages
00:19:32.900 are so unaffordable
00:19:33.800 is mortgage rates
00:19:35.240 generally track inflation rates.
00:19:37.580 So when inflation goes up,
00:19:39.340 often mortgage rates go up.
00:19:40.940 And the reason for that
00:19:43.140 is basically that,
00:19:44.200 you know,
00:19:44.720 when inflation goes up,
00:19:46.240 people want to use interest rates
00:19:47.500 to keep inflation down.
00:19:49.180 And so now we've got
00:19:49.980 the situation
00:19:50.740 that is a total mess
00:19:52.300 that was created
00:19:53.020 in the last four years.
00:19:54.400 And Roger,
00:19:55.320 we're working every day
00:19:56.800 to reverse the damage
00:19:58.140 that's occurred
00:19:58.680 in the last four years.
00:20:00.140 I'm incredibly optimistic
00:20:01.560 that the president's
00:20:02.480 going to be able
00:20:02.900 to turn around
00:20:03.400 the housing market
00:20:04.140 and make houses
00:20:05.460 affordable again,
00:20:06.420 but we definitely
00:20:07.760 have our work
00:20:08.400 cut out for us.
00:20:09.180 Yeah, you recently upset
00:20:11.300 the Democrats
00:20:11.980 by firing
00:20:13.180 the chief executive officers
00:20:15.120 of both Freddie Mac
00:20:16.600 and Fannie Mae,
00:20:17.960 appointing yourself,
00:20:19.240 chairman,
00:20:19.620 because, of course,
00:20:20.280 you report directly
00:20:21.440 to President Donald Trump.
00:20:23.260 What made these moves necessary?
00:20:25.460 Well, we saw a lot
00:20:26.700 of fraud in the companies,
00:20:27.680 and we frankly
00:20:29.100 were frustrated
00:20:30.380 with some of the
00:20:31.640 poor decisions
00:20:32.820 that were being made.
00:20:33.760 And, you know,
00:20:34.140 like any good manager,
00:20:35.120 when you come in
00:20:35.860 and you don't think
00:20:36.480 that things are being done right,
00:20:37.520 you take what the required action is.
00:20:39.720 And so we went in
00:20:40.500 and we took the action.
00:20:41.560 And I'll tell you,
00:20:42.420 the best thing we ever did
00:20:43.620 was become chairman
00:20:45.080 because that gives you
00:20:46.700 the ability
00:20:47.160 to actually control things.
00:20:49.360 And when you're responsible
00:20:50.680 for things,
00:20:51.260 you need to be able
00:20:51.860 to control the outcome.
00:20:53.440 I don't know how anyone
00:20:54.400 can get anything done
00:20:55.580 if they're accountable
00:20:56.260 for something
00:20:56.920 and they have no influence
00:20:59.120 on the outcome.
00:21:00.080 And as you know, Roger,
00:21:01.300 these companies,
00:21:02.160 or said differently,
00:21:03.460 anything that is affiliated
00:21:04.620 in any way
00:21:05.280 with the government,
00:21:06.480 you know,
00:21:06.660 they have almost
00:21:07.600 like a deep state to them.
00:21:09.680 In other words,
00:21:10.200 there's these people
00:21:10.960 who just do not want
00:21:12.620 progress to happen.
00:21:14.440 And, you know,
00:21:15.300 what's funny is
00:21:15.920 when you think
00:21:16.640 somebody's on your side
00:21:17.660 and then you find out
00:21:18.700 that they really aren't,
00:21:20.760 you know,
00:21:21.160 that's the deep state.
00:21:22.820 It's where you don't think
00:21:23.680 that people are going
00:21:24.300 to show up.
00:21:24.820 And so we were just a fan
00:21:26.460 of, you know,
00:21:27.520 getting rid of the cancers
00:21:29.280 that we believe were there.
00:21:30.560 And then, you know,
00:21:31.860 hopefully the businesses
00:21:32.680 will be stronger
00:21:33.400 than ever before.
00:21:34.140 And I can tell you, Roger,
00:21:35.120 Danny May and Freddie Mac
00:21:36.700 are stronger than ever.
00:21:38.200 So you mentioned
00:21:39.600 finding a lot of mortgage fraud
00:21:41.060 after digging around
00:21:42.040 in your new position.
00:21:43.120 Is the fraud anywhere
00:21:43.780 near the level
00:21:44.720 of mortgage fraud
00:21:45.920 that we saw
00:21:46.480 in like 2007, 2008
00:21:48.420 that caused
00:21:49.500 a mortgage crisis
00:21:50.540 back then?
00:21:51.640 No, I don't think so.
00:21:52.720 But as you know,
00:21:53.340 we want to avoid
00:21:54.080 the slippery slope
00:21:54.920 and we want to stop
00:21:55.660 mortgage fraud
00:21:56.260 where it is.
00:21:57.460 You know,
00:21:57.660 I referred Letitia James
00:22:00.140 to the Department of Justice,
00:22:01.300 you may have seen,
00:22:02.100 for what we believe
00:22:04.260 to be mortgage fraud.
00:22:05.560 You know,
00:22:05.740 I don't want to comment
00:22:06.380 too much beyond that letter,
00:22:07.680 but I would say to you,
00:22:08.620 generally speaking, Roger,
00:22:10.220 that, you know,
00:22:11.360 there is an issue
00:22:12.320 in this country
00:22:12.920 where people are claiming
00:22:14.220 that they live in one state
00:22:15.400 and going and buying
00:22:16.540 property in another.
00:22:18.060 There is also a situation
00:22:19.420 where people are
00:22:20.000 overstating their earnings.
00:22:21.580 There's also situations
00:22:22.800 where people are claiming
00:22:23.740 that, you know,
00:22:24.500 they have more units
00:22:25.460 in building
00:22:25.940 or less units
00:22:27.380 in buildings
00:22:27.960 in order to get access
00:22:29.220 to financing
00:22:29.940 that would only be available
00:22:31.320 at certain levels.
00:22:32.240 So, you know,
00:22:33.220 we are taking
00:22:34.040 a very strong approach to it.
00:22:35.740 It doesn't matter, Roger,
00:22:36.780 whether you're a politician
00:22:37.780 or whether you have
00:22:38.760 an Esquire after your name.
00:22:40.300 If you commit mortgage fraud
00:22:41.580 in this country,
00:22:42.180 we are going to come after you,
00:22:43.640 period.
00:22:44.360 Well, no person
00:22:45.180 is above the law.
00:22:46.640 I forget it was
00:22:47.180 who said that,
00:22:47.960 but I think she's
00:22:48.760 about to find out.
00:22:50.260 Bill, your reaction
00:22:51.440 to the passage last night
00:22:53.540 of, I think,
00:22:54.020 the single largest tax cut
00:22:55.360 in American history
00:22:56.220 by the House Republicans.
00:22:58.320 Well, it's following
00:22:59.100 from the president's mandate
00:23:00.260 and obviously,
00:23:02.060 you know,
00:23:02.580 the president's mandate
00:23:03.360 speaks for itself.
00:23:04.420 Look at what's happening
00:23:05.240 now with the House
00:23:05.860 of Representatives.
00:23:06.620 I'm sure the Senate
00:23:07.200 will pass it
00:23:07.900 in due course,
00:23:09.180 hopefully, God willing,
00:23:10.560 and we'll be off
00:23:11.320 to the races.
00:23:12.140 But look,
00:23:12.700 we got a lot of work
00:23:13.440 ahead of us, Roger.
00:23:14.240 These last four years,
00:23:15.320 what happened with inflation
00:23:16.380 and what happened
00:23:17.060 with housing costs,
00:23:18.580 you know,
00:23:18.920 President Trump
00:23:19.400 doesn't get much credit,
00:23:20.280 but he's been able
00:23:21.260 to bring down
00:23:21.920 the inflation
00:23:22.520 and housing costs.
00:23:24.140 And I wish
00:23:24.980 that would be reported more.
00:23:27.400 I saw in an interview
00:23:28.620 you said
00:23:29.100 there are a lot
00:23:29.620 of things
00:23:30.040 that were put in place
00:23:30.820 during the first
00:23:31.540 Trump administration
00:23:32.440 that the Biden
00:23:33.660 administration canceled
00:23:34.860 and that you have
00:23:36.620 brought back.
00:23:37.400 Can you mention a few?
00:23:39.520 Well, we've brought
00:23:40.100 just back
00:23:40.660 getting rid of
00:23:41.240 all of the bureaucracy,
00:23:42.520 even from the Obama era,
00:23:43.700 if you can believe it.
00:23:44.460 I mean,
00:23:44.660 we still have regulations
00:23:45.760 that are just complete
00:23:47.300 and utter nonsense
00:23:48.380 that have been in place
00:23:50.540 since Obama
00:23:51.200 that were requiring
00:23:53.300 all this bureaucracy,
00:23:55.060 all of this reporting.
00:23:56.160 Roger,
00:23:57.480 I mean,
00:23:57.760 we've saved
00:23:58.300 almost $100 million.
00:24:00.140 Think about that.
00:24:00.780 $97 million
00:24:01.820 is the exact number
00:24:03.020 that I was told
00:24:03.660 by the CFO of Fannie Mae.
00:24:05.860 $97 million
00:24:07.220 just by getting rid
00:24:08.760 of useless reporting,
00:24:11.340 useless bureaucracy
00:24:12.400 at Fannie Mae alone.
00:24:14.700 I mean,
00:24:14.880 these numbers
00:24:15.340 are astounding.
00:24:17.380 And by the way,
00:24:18.620 Roger,
00:24:19.040 not a day goes by
00:24:20.020 where I don't get shocked
00:24:21.160 with millions of dollars
00:24:22.120 that we're saving.
00:24:22.740 The Fannie and Freddie
00:24:25.400 now extremely profitable,
00:24:27.440 but nothing compared
00:24:28.500 to what they could be.
00:24:30.340 I want to ask you
00:24:31.280 about this tweet,
00:24:33.500 or I should say,
00:24:34.800 I think it was first
00:24:35.600 a true social posting.
00:24:36.940 The president said,
00:24:38.040 I'm giving serious consideration
00:24:39.740 to taking Fannie Mae
00:24:41.280 and Freddie Mac public.
00:24:42.940 I'll be speaking
00:24:43.740 with Treasury Secretary
00:24:44.760 Scott Bessent,
00:24:46.120 Secretary of Commerce
00:24:47.140 Howard Lutnick,
00:24:47.840 and the director
00:24:48.640 of the Federal Housing
00:24:50.400 Finance Agency,
00:24:51.560 William Poultry,
00:24:52.220 among others,
00:24:52.740 and will be making
00:24:53.760 a decision
00:24:54.380 in the near future.
00:24:56.260 Fannie Mae
00:24:56.680 and Freddie Mac
00:24:57.460 are doing very well,
00:24:58.880 throwing off a lot of cash,
00:25:00.160 and the time would seem
00:25:01.000 to be right,
00:25:01.680 so stay tuned.
00:25:03.000 Bill Poultry,
00:25:03.900 what is the case
00:25:04.940 for taking both
00:25:06.200 Fannie Mae
00:25:06.780 and Freddie Mac public?
00:25:08.780 Well,
00:25:09.360 the president puts it
00:25:10.260 better than anyone,
00:25:11.320 and he says,
00:25:12.340 point blank,
00:25:13.080 Fannie Mae and Freddie Mac
00:25:14.080 are doing well,
00:25:14.820 and they are.
00:25:15.560 People are back
00:25:16.260 in the office,
00:25:17.280 these things are
00:25:17.880 spitting out cash,
00:25:19.180 and frankly,
00:25:19.740 if we have our way
00:25:20.580 with them,
00:25:20.980 which we will,
00:25:21.640 they will be
00:25:22.460 great American icons,
00:25:23.600 once again,
00:25:24.200 that have tremendous,
00:25:25.420 tremendous earning power,
00:25:27.040 and that inerves
00:25:27.620 to the benefit
00:25:28.140 of the American people.
00:25:29.580 The whole reason
00:25:30.380 that we did
00:25:30.880 what we did
00:25:31.340 with the chairmanship
00:25:32.100 and taking a strong
00:25:33.300 approach to making sure
00:25:35.040 that there are good
00:25:35.620 outcomes with this situation
00:25:36.840 is exactly
00:25:37.540 to make sure
00:25:38.680 that we can deliver
00:25:39.640 on what President Trump
00:25:40.600 is saying,
00:25:41.240 which is making sure
00:25:42.600 that these businesses
00:25:43.380 are spitting out cash
00:25:44.560 and doing better
00:25:45.300 than ever before.
00:25:46.040 I'll defer to the president
00:25:47.720 in terms of what
00:25:49.020 his truth post will mean.
00:25:51.320 Ultimately,
00:25:51.940 he will be the one
00:25:52.600 making the decision on it.
00:25:54.140 However,
00:25:54.520 in the meantime,
00:25:55.320 my main focus
00:25:56.020 is on making sure
00:25:56.980 that through the chairmanship,
00:25:59.280 but most importantly,
00:26:00.280 through the directorship
00:26:01.080 at FHFA,
00:26:02.480 federal housing,
00:26:03.320 through President Trump,
00:26:04.800 that we are keeping
00:26:05.720 all of our options open
00:26:07.020 and running these businesses
00:26:08.520 in tip-top shape.
00:26:09.760 And I can tell you,
00:26:10.420 Roger,
00:26:10.640 when you have 16,000 employees
00:26:12.420 and no one showing up
00:26:13.440 at work,
00:26:14.300 they were not in tip-top shape
00:26:15.580 under Biden.
00:26:16.200 They were in the toilet
00:26:16.940 and we're getting them back.
00:26:18.180 We're getting them back
00:26:18.780 up and running
00:26:19.340 and we're going to get going again.
00:26:22.460 I noticed
00:26:23.100 one of your critics
00:26:24.260 said this on social media
00:26:25.980 to give you a chance
00:26:26.700 to respond to it.
00:26:27.900 Somebody said that
00:26:28.940 if Fannie Mae
00:26:30.680 and Freddie Mac
00:26:31.480 were taken public,
00:26:32.460 it would cause
00:26:33.100 the value of housing bonds
00:26:35.900 to crash.
00:26:36.980 Your view?
00:26:38.680 Well,
00:26:39.080 we're extremely sensitive to
00:26:40.460 and we'll make sure
00:26:41.340 that any study
00:26:42.360 that we do
00:26:42.960 in terms of this whole process
00:26:44.360 and just thinking about it
00:26:46.140 in general
00:26:46.640 has to really be focused
00:26:48.660 on making sure
00:26:49.360 that there's not
00:26:49.860 an upward pressure
00:26:50.540 on mortgage rates.
00:26:51.560 And I'm very focused on it.
00:26:53.480 We're very focused on it.
00:26:54.980 And I think that it's going
00:26:56.020 to be something
00:26:56.460 that's very important to us.
00:26:57.500 So first and foremost,
00:26:58.860 Roger,
00:26:59.120 no matter what happens
00:26:59.940 is the safety
00:27:00.680 and soundness
00:27:01.420 of the mortgage market.
00:27:02.440 And I can guarantee you
00:27:03.840 we are going to make sure
00:27:04.960 that the mortgage market
00:27:06.080 is safe,
00:27:06.880 sound,
00:27:07.300 and that there are not
00:27:08.260 increased costs
00:27:09.100 no matter what the outcome is.
00:27:11.200 About a week ago,
00:27:12.560 I think it was,
00:27:13.380 I had Barry Habib,
00:27:15.020 one of the nation's
00:27:16.360 leading experts
00:27:17.060 on both the housing
00:27:18.120 and the mortgage market.
00:27:20.340 A man who's actually credited
00:27:22.180 with saving the mortgage market
00:27:24.640 back in the past
00:27:26.460 when he made a stunning presentation
00:27:29.520 to the Federal Reserve.
00:27:31.420 And he made an excellent case
00:27:35.600 for taking these public.
00:27:39.560 He also expressed great confidence
00:27:42.100 in your leadership at FHFA,
00:27:44.980 I might add.
00:27:46.160 I guess my concern here is
00:27:49.540 that there are those out there
00:27:53.060 who don't understand
00:27:54.160 that Donald Trump,
00:27:56.140 kind of like Bill Pote,
00:27:57.160 is first and foremost
00:27:58.440 a businessman,
00:27:59.060 an entrepreneur,
00:28:00.460 a man who understands
00:28:01.900 the dynamic of business,
00:28:03.820 and that these decisions
00:28:05.580 made by the president
00:28:06.640 I think could lead
00:28:08.000 to a true golden age
00:28:10.440 in terms of
00:28:11.160 not just affordable housing,
00:28:12.800 but a drop in inflation,
00:28:16.880 lower grass prices,
00:28:18.960 lower food prices.
00:28:20.660 I really do think
00:28:21.260 we're on the cusp
00:28:22.020 of a golden age.
00:28:23.580 We are.
00:28:23.940 We are,
00:28:25.620 but he has to reverse
00:28:26.560 what's gone on
00:28:27.220 the last four years.
00:28:28.100 And I keep saying this,
00:28:29.180 and it's not something
00:28:30.260 we want to talk about.
00:28:31.300 But, I mean, Roger,
00:28:32.500 the inflation that happened
00:28:33.740 in the last four years
00:28:34.540 is borderline, you know.
00:28:36.060 I mean, I don't even want to say it.
00:28:37.200 It's just not good.
00:28:38.140 It's just not good
00:28:38.940 what happened under Biden.
00:28:40.400 And to your point,
00:28:41.740 President Trump
00:28:42.280 has gotten groceries down,
00:28:43.600 eggs down,
00:28:44.580 and he's gotten oil down.
00:28:46.580 One of the things
00:28:47.100 he doesn't get credit for
00:28:48.080 is home prices.
00:28:49.380 Home prices are not sky high
00:28:51.320 in terms of rate of change
00:28:53.240 quarter over quarter
00:28:54.100 like they were.
00:28:55.240 I mean, Roger,
00:28:56.120 people couldn't afford homes.
00:28:57.380 People could barely
00:28:58.100 afford their rent.
00:28:59.300 So, yes,
00:28:59.760 we are on the cusp of that,
00:29:01.340 and I'm very positive
00:29:02.540 and very positive
00:29:03.660 about the economy
00:29:04.340 under President Trump.
00:29:05.560 But what he's doing right now
00:29:07.480 is nothing short of Herculean
00:29:08.940 to turn around
00:29:09.580 what happened
00:29:09.980 the last four years.
00:29:11.560 Yeah, amazing report
00:29:12.960 just the other day,
00:29:14.280 which was something
00:29:15.300 Barry Habib
00:29:16.020 had kind of tipped us to,
00:29:17.100 which is virtually
00:29:17.800 all of the job creation numbers
00:29:20.860 published during the Biden years
00:29:22.280 were bogus.
00:29:23.960 So they would project,
00:29:25.480 you know,
00:29:25.980 a net gain of 60,000 jobs,
00:29:28.780 and it got huge headlines.
00:29:30.440 And then, of course,
00:29:30.960 three days later,
00:29:31.800 they would quietly restate that,
00:29:34.240 ratcheting the numbers way down.
00:29:35.860 Of course,
00:29:36.160 the second story
00:29:37.020 never got any coverage.
00:29:39.020 So, I mean,
00:29:40.120 most of the economic information
00:29:42.840 that the Bureau of Labor Statistics
00:29:44.360 was giving us
00:29:45.680 had been cooked,
00:29:47.380 cooked for political purposes,
00:29:49.080 cooked to try to affect
00:29:50.160 the 2024 election.
00:29:54.480 I'm not sure
00:29:55.420 what could be done
00:29:56.140 to ensure
00:29:57.000 that the information
00:29:58.400 being put forward
00:29:59.300 by some of these
00:30:00.020 federal agencies,
00:30:00.880 which sadly
00:30:01.960 are still riddled
00:30:03.620 with holdovers,
00:30:05.340 with people who are
00:30:06.380 loyal to the last regime
00:30:08.420 or loyal to the institution
00:30:10.300 rather than committed
00:30:11.860 to the president's
00:30:12.900 pro-growth,
00:30:14.000 pro-opportunity agenda.
00:30:15.560 But I think that
00:30:16.160 it should be a high priority.
00:30:18.240 I agree.
00:30:18.640 And I think that, look,
00:30:19.660 you got a great team,
00:30:21.200 a great economic team,
00:30:22.260 and they're going to get
00:30:22.800 to the bottom of anything,
00:30:24.460 I believe,
00:30:24.960 as it comes up
00:30:25.780 or as it's been done
00:30:26.760 that they believe
00:30:27.660 is untoward.
00:30:28.720 But, you know,
00:30:29.400 in terms of our mortgage fraud,
00:30:30.660 that's really where
00:30:31.220 our focus is on,
00:30:32.300 as you know,
00:30:33.100 and making sure
00:30:33.840 that there is safety
00:30:35.000 and soundness
00:30:35.820 in the mortgage market.
00:30:36.900 So, I can't really,
00:30:38.100 you know,
00:30:38.900 help in that area.
00:30:39.800 But I can tell you
00:30:40.400 one thing, Roger.
00:30:41.280 We are laser-focused
00:30:42.520 on this mortgage fraud.
00:30:43.620 And, as I said earlier,
00:30:46.040 if you are a politician
00:30:47.260 or you are a famous person
00:30:48.740 or you are a lawyer
00:30:49.620 and you think
00:30:50.460 you can get away
00:30:51.000 with mortgage fraud
00:30:51.840 in this country,
00:30:53.660 you are underestimating
00:30:55.220 what we are going to do
00:30:57.020 to get rid of mortgage fraud.
00:30:58.760 You know,
00:30:59.140 you have sweeping powers
00:31:00.620 in that area
00:31:01.640 and this idea
00:31:03.580 that you are somehow
00:31:04.440 weaponizing the system.
00:31:06.360 I mean,
00:31:06.560 the facts are the facts.
00:31:08.100 This has all been
00:31:08.940 very heavily documented.
00:31:10.460 We had Sam Antar
00:31:13.460 who is the publisher
00:31:15.020 and editor
00:31:15.540 of whitecollarfraud.com
00:31:17.540 who did the original
00:31:18.920 analysis on this.
00:31:20.060 He shows you
00:31:20.580 the actual documents.
00:31:22.020 So, this isn't conjecture.
00:31:23.820 This isn't a projection.
00:31:25.340 This isn't polemics
00:31:28.960 or propaganda.
00:31:30.720 The signed,
00:31:32.360 notarized documents
00:31:33.500 are what they are
00:31:34.960 and it is very compelling
00:31:37.000 in the question
00:31:37.700 of Attorney General
00:31:39.360 Letitia James
00:31:40.820 and then she just
00:31:42.160 says to the New York Times,
00:31:43.380 oh, well,
00:31:44.040 yes, I did sign
00:31:45.380 a power of attorney
00:31:46.880 in which I said
00:31:47.760 that I was going
00:31:50.320 to occupy
00:31:51.280 this home in Virginia.
00:31:53.040 It would be
00:31:53.240 my principal residence
00:31:54.400 but before that
00:31:56.060 I signed an application
00:31:57.080 that didn't say that.
00:31:58.180 Well,
00:31:58.760 there is no such application.
00:32:00.220 New York Times
00:32:00.580 just writes that
00:32:01.340 as a fact
00:32:02.000 but you can look
00:32:03.000 in the records
00:32:03.560 there is no such
00:32:04.440 notarized application.
00:32:07.140 It is amazing
00:32:09.020 how the media
00:32:10.820 seeks to cover for her
00:32:12.440 and then
00:32:13.040 I don't know
00:32:13.280 if you saw this bill
00:32:14.080 but they actually
00:32:15.200 tried to move
00:32:15.900 legislation
00:32:16.720 in the New York
00:32:17.380 State Legislature
00:32:18.300 where the taxpayers
00:32:21.100 of New York
00:32:21.880 would pay
00:32:22.420 for her legal defense.
00:32:23.880 Her defense
00:32:24.900 in actions
00:32:25.820 she took
00:32:26.300 not as Attorney General
00:32:27.620 not in her official
00:32:28.960 capacity as Attorney General
00:32:30.260 but as a private citizen.
00:32:32.080 Actions that she took
00:32:33.080 that appeared to me
00:32:34.400 to constitute
00:32:35.580 a 22-year record
00:32:38.400 of mortgage fraud
00:32:40.360 and the Democrats
00:32:42.580 want the taxpayers
00:32:44.920 of New York
00:32:45.380 to pay for her
00:32:46.060 legal defense.
00:32:47.400 She hired the lawyer
00:32:48.680 Abby Lowell
00:32:49.600 he last represented
00:32:51.720 Hunter Biden
00:32:52.560 he'll sign his name
00:32:54.240 to anything
00:32:54.720 whether it's true
00:32:55.360 or not
00:32:55.780 but I can tell you this
00:32:57.040 he's not cheap
00:32:58.220 I see no reason
00:32:58.960 why the taxpayers
00:32:59.620 of New York
00:33:00.740 should pay for that.
00:33:02.020 Bill,
00:33:02.180 you don't have to comment
00:33:02.840 on any of that
00:33:03.620 I don't expect you to
00:33:04.620 I did see
00:33:05.960 I appreciate it
00:33:06.900 and as I said
00:33:07.580 I can't comment
00:33:08.200 beyond the letter
00:33:08.880 but just as a general matter
00:33:10.240 as it pertains
00:33:10.980 to mortgage fraud
00:33:12.300 to your point
00:33:13.700 you know
00:33:14.320 we are a
00:33:15.240 look
00:33:16.240 we look at housing
00:33:17.140 and mortgages
00:33:17.760 as not political
00:33:19.420 I mean
00:33:19.780 we want a strong
00:33:21.360 housing market
00:33:22.200 we want a strong
00:33:23.640 mortgage market
00:33:24.520 it doesn't matter
00:33:25.540 whether you're black
00:33:26.400 white
00:33:26.900 Republican
00:33:27.480 Democrat
00:33:28.160 politician
00:33:29.220 lawyer
00:33:29.780 famous person
00:33:30.800 not famous person
00:33:32.000 if you commit
00:33:32.720 mortgage fraud
00:33:33.400 in our view
00:33:34.780 you are a threat
00:33:35.700 to the market
00:33:36.980 very very
00:33:40.160 well put
00:33:40.900 I saw in an interview
00:33:41.840 the other day
00:33:42.600 that you said
00:33:43.640 when you got to FHFA
00:33:45.240 you found people
00:33:46.840 working there
00:33:47.900 posing as Americans
00:33:50.020 but who were not
00:33:50.980 even US citizens
00:33:52.400 Chinese citizens
00:33:54.400 Indian citizens
00:33:55.400 when we come back
00:33:56.160 I'm going to ask you
00:33:56.780 about that
00:33:57.340 I'm also going to ask you
00:33:58.720 given your family's
00:33:59.980 reputation as builders
00:34:01.840 isn't part of
00:34:03.440 the housing boom
00:34:05.460 the need to bring
00:34:06.580 the cost
00:34:07.200 of house
00:34:08.540 building materials
00:34:09.980 down
00:34:10.420 we'll be back
00:34:11.340 with Bill Pulte
00:34:12.000 to answer those
00:34:12.660 questions
00:34:13.120 on the other side
00:34:14.420 please
00:34:14.720 whenever you don't
00:34:15.360 touch that dial
00:34:16.080 we'll be right back
00:34:16.980 in the Stone Zone
00:34:17.980 in just a minute
00:34:18.640 The Stone Zone
00:34:20.400 on the Red Apple
00:34:21.680 Podcast Network
00:34:23.020 The Stone Zone
00:34:30.740 on the Red Apple
00:34:32.760 Podcast Network
00:34:34.060 And we're back
00:34:36.600 in the Stone Zone
00:34:37.760 for our final segment
00:34:39.260 we're talking to
00:34:40.260 William Pulte
00:34:41.320 he was appointed
00:34:43.080 by President Donald Trump
00:34:44.680 as the head
00:34:45.780 of the Federal
00:34:47.160 Housing Finance Agency
00:34:49.100 FHFA
00:34:49.900 after a stunningly
00:34:52.900 successful business career
00:34:55.080 he's an entrepreneur
00:34:56.500 businessman
00:34:57.160 home building
00:34:58.400 is in his blood
00:34:59.540 his family of course
00:35:00.560 is known as
00:35:01.100 one of the premier
00:35:02.600 home building
00:35:03.620 companies in the country
00:35:05.300 he's also
00:35:06.600 one of the earliest
00:35:08.200 pioneers
00:35:08.940 of online
00:35:10.420 philanthropy
00:35:11.320 philanthropy
00:35:12.700 pardon me
00:35:13.540 and we're glad
00:35:15.240 to have him
00:35:15.860 Bill
00:35:16.520 when it comes
00:35:17.620 to housing
00:35:18.640 it's not just
00:35:19.240 the availability
00:35:19.820 of mortgages
00:35:20.780 don't we have
00:35:22.440 to bring down
00:35:23.260 the cost
00:35:24.120 of home building
00:35:25.500 materials
00:35:26.240 I mean
00:35:26.720 roofing materials
00:35:28.120 bricks
00:35:28.860 wood
00:35:29.500 all the things
00:35:31.000 cement
00:35:31.520 all things
00:35:32.080 go into
00:35:32.500 home building
00:35:33.000 absolutely
00:35:33.680 absolutely
00:35:34.740 but under
00:35:35.180 Biden
00:35:35.540 Roger
00:35:35.920 all these
00:35:36.640 materials
00:35:37.220 went up
00:35:37.920 they went
00:35:38.300 sky high
00:35:39.120 and now
00:35:39.560 we're trying
00:35:39.960 to wrestle
00:35:40.420 them
00:35:40.720 and wrestle
00:35:41.640 the ascent
00:35:42.400 back to
00:35:43.560 normal levels
00:35:44.780 I mean
00:35:45.040 it was crazy
00:35:45.640 what had
00:35:46.000 gone on
00:35:46.420 we really
00:35:47.460 have to
00:35:47.800 give credit
00:35:48.440 Roger
00:35:49.660 to President
00:35:50.840 Trump
00:35:51.240 because
00:35:51.740 you look
00:35:52.840 at what
00:35:53.180 has happened
00:35:53.800 to oil prices
00:35:54.580 which are
00:35:55.140 a leading
00:35:55.400 indicator
00:35:55.920 for some
00:35:56.340 of us
00:35:56.540 you look
00:35:56.880 at what's
00:35:57.160 happened
00:35:57.400 with groceries
00:35:58.120 you look
00:35:58.840 at what's
00:35:59.100 happened
00:35:59.260 with eggs
00:35:59.800 now we're
00:36:00.800 starting to
00:36:01.240 see it
00:36:01.520 in some
00:36:01.800 of these
00:36:02.020 products
00:36:02.480 Roger
00:36:02.860 and that's
00:36:03.700 absolutely
00:36:04.080 critical
00:36:04.540 drywall
00:36:05.640 has become
00:36:06.240 more affordable
00:36:07.620 lumber
00:36:08.480 has become
00:36:09.040 more affordable
00:36:09.840 kitchen and
00:36:10.760 bath countertops
00:36:11.600 have become
00:36:12.080 more affordable
00:36:12.820 and so
00:36:13.760 these things
00:36:14.320 are very
00:36:14.680 important
00:36:15.140 because as
00:36:15.620 you said
00:36:15.920 it takes
00:36:16.280 two to
00:36:16.640 tango
00:36:17.060 you need
00:36:17.660 the products
00:36:18.300 and you
00:36:18.860 need the
00:36:19.200 mortgages
00:36:19.660 to be
00:36:20.000 affordable
00:36:20.400 and one
00:36:21.640 without the
00:36:22.120 other
00:36:22.360 you're going
00:36:22.840 to be
00:36:22.980 in trouble
00:36:23.420 and thankfully
00:36:24.920 we have a
00:36:25.360 president
00:36:25.700 I believe
00:36:26.340 who understands
00:36:27.040 that
00:36:27.400 as the
00:36:29.460 chief
00:36:29.840 regulator
00:36:30.460 for federal
00:36:31.520 home loan
00:36:32.040 banks
00:36:32.400 what have you
00:36:32.820 told the heads
00:36:33.400 of those
00:36:33.780 banks
00:36:34.140 I told them
00:36:35.480 we got to
00:36:35.780 get rid of
00:36:36.160 climate
00:36:36.540 we got to
00:36:37.000 get rid of
00:36:37.400 DEI
00:36:38.020 as a result
00:36:38.860 of you know
00:36:39.660 what we look
00:36:40.580 for when we
00:36:41.140 go to hire
00:36:41.580 board members
00:36:42.220 it's crazy
00:36:42.980 that we are
00:36:44.180 focusing on
00:36:45.160 climate
00:36:46.000 and DEI
00:36:47.420 in terms of
00:36:48.720 lending money
00:36:49.780 to people
00:36:50.280 at a local
00:36:50.860 level
00:36:51.140 we need to
00:36:51.580 focus on
00:36:52.040 lending to
00:36:53.040 banks
00:36:53.480 we need to
00:36:53.900 focus on
00:36:54.360 lending to
00:36:55.000 businesses
00:36:55.500 we need to
00:36:56.040 focus on
00:36:56.580 lending to
00:36:57.620 things that
00:36:58.080 create jobs
00:36:58.820 not this
00:36:59.440 nonsense
00:37:00.520 DEI
00:37:01.300 and climate
00:37:01.840 stuff
00:37:02.200 so you
00:37:03.000 know we're
00:37:03.280 getting back
00:37:03.740 to business
00:37:04.240 Roger
00:37:04.600 and that's
00:37:05.440 our mandate
00:37:05.940 and that's
00:37:06.540 what we
00:37:06.780 told
00:37:07.000 I oversee
00:37:08.100 Roger
00:37:08.760 through that
00:37:09.300 position
00:37:09.760 through the
00:37:10.200 banking
00:37:10.480 side of
00:37:10.960 things
00:37:11.220 a trillion
00:37:12.600 dollars
00:37:13.260 one trillion
00:37:14.120 dollars
00:37:14.540 is on the
00:37:14.960 balance sheet
00:37:15.440 of these
00:37:15.760 11 banks
00:37:16.460 and you
00:37:17.980 know we
00:37:18.340 take it
00:37:18.700 very seriously
00:37:19.300 just like we
00:37:19.900 do the
00:37:20.180 7.8
00:37:20.820 trillion in
00:37:21.260 the mortgage
00:37:21.640 market
00:37:22.080 all right
00:37:23.740 I want to
00:37:24.060 thank our
00:37:24.560 guest Bill
00:37:25.580 Pulte
00:37:26.040 he is as
00:37:27.360 I say
00:37:27.920 the the
00:37:29.160 director of
00:37:30.120 the federal
00:37:30.640 home finance
00:37:31.660 agency and
00:37:32.480 the man who's
00:37:33.520 carrying out
00:37:34.340 President Donald
00:37:35.080 Trump's mandate
00:37:35.860 to make
00:37:37.040 housing affordable
00:37:38.800 again and
00:37:39.780 available again
00:37:41.140 he also as
00:37:43.440 has been
00:37:43.840 reported
00:37:44.320 recently sent
00:37:46.100 a letter to
00:37:46.760 the Department
00:37:47.180 of Justice
00:37:47.720 referring New
00:37:49.060 York Attorney
00:37:49.520 General Letitia
00:37:50.580 James to
00:37:51.920 that office for
00:37:52.960 what his office
00:37:54.040 investigators
00:37:54.820 found as
00:37:55.540 a serial
00:37:57.040 series of
00:37:58.100 actions that
00:37:59.160 he and his
00:38:00.660 investigators deemed
00:38:01.820 as mortgage
00:38:02.820 fraud the next
00:38:03.560 step will be
00:38:04.060 left up to
00:38:04.760 the Department
00:38:05.720 of Justice
00:38:06.280 it has been
00:38:07.540 confirmed by
00:38:08.220 FBI Director
00:38:09.180 Kash Patel
00:38:09.940 that they are
00:38:10.660 investigating
00:38:11.320 it's also been
00:38:12.480 confirmed that a
00:38:13.400 grand jury to
00:38:14.540 look at those
00:38:15.240 claims has been
00:38:16.900 impaneled in
00:38:18.020 Virginia we will
00:38:19.180 keep you up to
00:38:20.120 date on that
00:38:20.940 when the
00:38:21.860 president decides
00:38:22.760 whether or not
00:38:23.700 he wants to
00:38:24.320 take Fannie
00:38:25.220 May and
00:38:25.960 Freddie Mac
00:38:26.580 public as he
00:38:27.560 speculated he
00:38:28.820 may do in a
00:38:29.840 true social
00:38:30.400 posting last
00:38:31.080 night Bill we'd
00:38:32.140 love you to
00:38:32.480 come back in
00:38:33.060 the Stone
00:38:33.420 Zone and
00:38:33.940 talk to us
00:38:34.540 about the
00:38:35.060 implications of
00:38:36.260 that so
00:38:36.780 thank you again
00:38:37.600 for joining us
00:38:38.360 great talking
00:38:38.960 to you it's
00:38:39.740 great to have
00:38:40.280 you for our
00:38:41.020 friends out there
00:38:41.780 listening to the
00:38:42.720 Stone Zone
00:38:43.200 God bless you
00:38:43.940 and God
00:38:44.280 speed until
00:38:45.380 tomorrow
00:38:46.060 thanks for
00:38:47.120 listening to
00:38:47.860 the Stone
00:38:48.420 Zone with
00:38:49.200 Roger Stone
00:38:50.060 you can hear
00:38:50.940 the Stone
00:38:51.480 Zone with
00:38:52.080 Roger Stone
00:38:52.860 weeknights at
00:38:53.880 8 on 77
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00:39:14.880 time for a new
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00:39:16.820 never have to
00:39:17.680 wonder what the
00:39:18.680 heck is going on
00:39:19.720 here