• Most Popular
  • Most Shared

Obama says US must mantain capital flows to housing

Sun Jul 13, 2008 9:50pm EDT

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.

Regulatory News  |  Bonds  |  Global Markets

"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)

Regulatory News
Bonds
Global Markets


More from Reuters

Joint Terminal Attack Controller SSgt Clinton J. Herbison, a U.S. Airman from the 817 Expeditionary Air Support Operations Squadron (EASOS) takes a break during a night mission near Honaker Miracle camp at the Pesh valley of Kunar Province August 12, 2009. Credit: REUTERS/Carlos Barria

Pictures of the Year

A look at the best photos of 2009.  Slideshow 

    PICTURES
    The Dalai Lama jokes with a nasal spray after being asked his opinion on the swine flu during a press conference after his first lecture in Lausanne, Switzerland, August 4, 2009. REUTERS/ Valentin Flauraud

    What a wacky year it's been...

    Um, what's up the Dalai Lama's nose? "Oddly Enough" editor Bob Basler rounds up the goofiest photos of the year.  Full Article 

    Oddly Enough
    A caution sign is seen next to a stock board at the Australian Securities Exchange (ASX) in Sydney September 5, 2008. REUTERS/Daniel Munoz
    Political Risk in 2010:

    Don't say we didn't warn you

    With the financial crisis (mostly) in the past, U.S. investors are eying a fresh start to the coming year. Here's a look at what speedbumps lie ahead.  Full Article 

    Global Markets