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Fannie Mae Changes Mission...


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This was pointed out by Housingdoom.com and has been picked up by various financial reporters (CNBC).

Here is the 2005 mission statement:

Our public mission, and our defining goal, is to help more families achieve the American Dream of homeownership. We do that by providing financial products and services that make it possible for low-, moderate-, and middle-income families to buy homes of their own.
Current mission statement:
Fannie Mae has a federal charter and operates in America's secondary mortgage market to ensure that mortgage bankers and other lenders have enough funds to lend to home buyers at low rates. Our job is to help those who house America.
Can you see the bailout coming?
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