Musk Minion Quits Fannie Mae Board After Only One Day

It took one day for Christopher Stanley, appointed to the Fannie Mae board to help replace members fired by the Trump administration, to say “I quit.”

Stanley, a cybersecurity engineer who has worked for two companies owned by billionaire Elon Musk, resigned from the Fannie Mae board of directors a day after he was named to the post, Bloomberg reported.

The engineer with ties to SpaceX, X and the Department of Government Efficiency led by Musk was among eight new appointments to Fannie’s board of directors, announced Monday.

The reason for Stanley’s sudden bolt to the door isn’t clear.

The Federal Housing Finance Agency, under its new director, Bill Pulte, on Monday had fired eight members of the Fannie Mae board and six members of the Freddie Mac board.

Four new members were appointed to each board, including Pulte, who will chair both boards.

The moves came only three days after Pulte was sworn in as director of the FHFA. Donald Trump tapped the private equity businessman to serve as the nation’s top housing regular two months ago.

Fannie Mae and Freddie Mac, which support approximately 70 percent of the country’s mortgage market, have been under government control since the housing bubble burst in 2008. Hedge funds and other investors have called for Uncle Sam to release them from conservatorship, but no action has yet been taken.

Stanley’s participation on the Fannie board would have given the Musk ally a key role in deciding the mortgage giant’s future, according to Bloomberg.

Stanley was hired by executive appointment as a temporary “expert” under the director at the Office of Personnel Management, according to documents obtained by Bloomberg through a Freedom of Information Act request.

He has trumpeted his involvement with DOGE on social media, but the specifics of his government role are unclear.

Stanley “returned to the private sector last month,” an unidentified spokesperson from OPM told Bloomberg in an email, providing no further details.

— Dana Bartholomew