and it is actually owned by a trust that McCain’s wife manages. Not too much better a situation than what you stated, but technically it is not owned by John McCain.
The other surprising lines in that article are the last two lines: 75% of properties sold at tax default auctions are time shares. Huh? All the time share owners on a particular unit defaulted, or they auctioned off the particular week that the was in default?
Back to McCain, the other shocker the last few weeks was the credit card debt carried by John and his wife:
Let’s see…
$10K + ? on John/Cindy card
$100K + ? on Cindy AMEX 1
$100K + ? on Cindy AMEX 2
$15K + ? on dependent child AMEX card
That looks like a minimum of $225K (and perhaps up to $500K) in credit card debt. I don’t care how wealthy John and Cindy are, that still raises my eyebrows.
