I’m trying to figure out McCain’s angle here. As best I can tell, he must figure that offering a mortgage policy solution that’s far stingier than that put forth by one of the least popular presidents in modern times will burnish his maverick image, thus earning him more press cred. And then maybe the press won’t really talk that much about his stingy mortgage policy? He’d better hope they don’t, because if the American public finds out that he feels Bear deserved its bailout and homeowners deserve nothing, they’re going to be pissed.

Isn’t this guy from Arizona? Has he been to Phoenix lately? If he keeps this up he might not win his home state.