McCain says no need for Fannie, Freddie bailout now

BELLEVILLE, Michigan (Reuters) - Republican presidential candidate John McCain said on Thursday a government bailout of mortgage finance giants Fannie Mae and Freddie Mac was not necessary now.

"At this time I don't think that there is a requirement for a government bailout," he told reporters in Michigan.

McCain said he would be looking at all options, however, and reiterated that the two institutions must not fail.

(Reporting by Jeff Mason; editing by Gary Crosse)