For a clue as to Fannie Mae’s publicly stated mission statement and to Pelosi’s and Feinstein’s support of that mission, look to their press release from 1995.
The money paragraph:
“The primary goal of the Fannie Mae Foundation is to support national and local nonprofit organizations working to provide decent and affordable housing in communities throughout the United States. The Foundation plans to make $14 million in grants in 1995. Its solo source of support is Fannie Mae, a congressionally chartered, shareholder-owned corporation and the nation’s largest source of home mortgage funds. The company has committed to provide $1 trillion in targeted lending for 10 million homes by the end of the decade. The targeted lending will serve low- and moderate-income families, minorities, new immigrants, residents of central cities and other underserved areas, and people who have special housing needs.”
source: http://findarticles.com/p/articles/mi_m0EIN/is_1995_May_2/ai_16888514








