Thanks for digging this up.
Fannie Mae, the nation’s biggest underwriter of home mortgages, has been under increasing pressure from the Clinton Administration to expand mortgage loans among low and moderate income people and felt pressure from stock holders to maintain its phenomenal growth in profits.
This explains why Jamie Gorelick,and God knows who else were “placed” on Fannie’s Board of Directors.
Not to oversee the corporation and keep it on a straight path,but to enforce Clinton’s policies.