Obama says US must mantain capital flows to housing

WASHINGTON, July 13 (Reuters) - U.S. government support for mortgage giants Fannie Mae and Freddie Mac should protect taxpayers and not bail out shareholders or management, Democratic presidential hopeful Barack Obama said on Sunday.

"First, we must maintain a steady flow of capital to the housing market to make sure that home ownership remains attainable and affordable for American families.

"Second, any measures should protect taxpayers and not bail out the shareholders and management of Fannie Mae and Freddie Mac," Obama said in a statement. (Reporting by JoAnne Allen; editing by Todd Eastham)