McCain: People voted 'mostly for Sarah Palin' last year





Former Republican presidential candidate Sen. John McCain has no illusions about the 2008 White House race.

"Over 50 million people voted for me and Sarah Palin - mostly for Sarah Palin," McCain said to an eruption of laughter. But "there was a sizable majority of the other party returned to Congress. And, elections have consequences. Elections have consequences. And these consequences we are seeing now in full display."

McCain described himself as "very nervous" about the Obama administration's proposal for FDIC-like resolution authority over non-bank financial institutions like AIG in order to prevent another near calamity in the global financial system.



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