The following is not an endorsement of any party or specific Presidential candidate. Still, it’s nice to see some candidate make a statement on the current housing mess that at least mentions basic personal and corporate responsibility. This issue has been- and will be- demagogued to death in the coming months. Pandering to the masses and to fat, lazy bankers is not going to solve the current meltdown of credit and real estate markets.

McCain Rejects Broad U.S. Aid on Mortgages

By LARRY ROHTER and EDMUND L. ANDREWS
The New York Times; published: March 26, 2008

SANTA ANA, Calif. — Drawing a sharp distinction between himself and the two Democratic presidential candidates, Senator John McCain of Arizona warned Tuesday against vigorous government action to solve the deepening mortgage crisis and the market turmoil it has caused, saying that “it is not the duty of government to bail out and reward those who act irresponsibly, whether they are big banks or small borrowers.”

http://www.nytimes.com/2008/03/26/us/politics/26mortgage.html?_r=1&oref=slogin