McCain: Changes mind. Don’t help those who were irresponsible. Just massive banks.
In contrast, when McCain was asked whether the Federal Reserve went too far in extending a $30 billion credit line to finance the takeover of Bear Stearns by JPMorgan. “It’s a close call, but I don’t think so,” he said.
The article goes on to note how irresponsible Bear Stearns has been with all this.
So, the messege here is, if you are big enough you need help because you are so very important. If you are simply trying to keep your home, its your own damn fault so we don’t care.