McCain advisor Fannie, Freddie moves support market

PHOENIX, July 13 (Reuters) - Republican presidential candidate John McCain believes the federal government's offer of massive aid to Fannie Mae (FNM.N) and Freddie Mac (FRE.N) is consistent with the goal of providing support through 'current duress,' a top aide to the senator said on Sunday.

"John McCain believes that financial duress at the housing GSEs cannot be permitted to translate into a threat to the stability of financial markets or pressure on housing markets," Douglas Holtz-Eakin, a senior policy advisor to the Arizona senator, said in a statement. (Reporting by JoAnne Allen; editing by Todd Eastham)