GINNIE MAE HIRED A FAKE CPA TO RUN A $1.5 TRILLION MORTGAGE PORTFOLIO: No, Luke Rosiak of the Daily Caller News Foundation Investigative Group is not making this one up. Officials at the Government National Mortgage Association — aka Ginnie Mae – hired David Fender as vice president and chief financial officer in April 2014.

They did this despite a background check that revealed Fender’s highly dubious credentials, including falsely claiming to be a registered CPA, being fired from his previous job for working for another company on company time, and much, much more.

“Fender was hired as Ginnie Mae’s CFO despite an undistinguished resume of failed business deals in Japan and jobs with U.S. companies he didn’t keep for long. His pet project was Cold Energy Systems, which sells steel tanks to governments,” Rosiak reports.

“The reference check done during Fender’s Ginnie Mae background investigation revealed his penchant for taking and neglecting corporate jobs to pay the bills while he brokered big-dollar side deals.” And then there was that $128 million tax deficiency he claimed not to know about. Sleep tight tonight, folks, because your Government Sponsored Entities are in the best of hands.