Sorry, maybe I am old school, where being in the office put you where decisions are/were made and you need to be present to be effective.
My premise is there are NOT too many real jobs there, despite the many inflated titles and staff claims.
("The Fed has a ______ _______,we deserve one, too."
Yet every year, they seek more headcount.
The GSEs are in a "vanilla business," guaranteeing MBS, and both do it very well and efficiently.
No more interest-sensitive hourly, daily, portfolio acquisitions that need minute, daily management (which FHFA had the right to closely monitor).
That hasn't been true since Conservatorshop took hold.
If you get rid of the agency factotums, you probably could get by with a hundred FHFA employees or fewer doing any real work.
Your "working from home" post likely supports my belief.
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