let them eat cake

John McCain on the mortgage crisis:

“51 million homeowners are doing what is necessary — working a second job, skipping a vacation and managing their budgets to make their payments on time,” he said. “That leaves us with a puzzling situation: how could 4 million mortgages cause this much trouble for us all?”

McCain and his wife are estimated to be worth $100 million and own eight houses. I'm guessing none of them were purchased with a sub-prime mortgage.

http://ap.google.com/article/ALeqM5h-S1sWHm0tchtdMP5LcLywg5ZtMgD8VQ86M80