The stuff you hear from the campaign trail is incredible sometimes. Beyond poll numbers there is a vibrancy to the men and women that run for office and their staff that keeps the operations afloat. Some stories are funny, some sad, some that are inspiring and then there are ones like McCain's.
From The Washington Post:
By last November, John McCain's presidential campaign was broke. To survive, he offered his fundraising lists as collateral for a $3 million line of credit from a local bank. But obtaining the loan required an unusual extra step: He had to take out a special life insurance policy in case he did not survive the campaign. [...]Anthony Corrado, a campaign finance expert at Colby College, said he had never heard of a candidate having to secure a loan with a life insurance policy.
"It was a big gamble, but I think one of the most important strategic moves the McCain campaign has made," Corrado said. McCain was "rolling the dice to get the money early, and if they won, it would be easy to repay."
Lucky for Mr. McCain, that gamble did pay off and now he's essentially the front runner for the GOP. No matter how it turns out for John, having to take out a life insurance policy to bankroll his campaign is simply priceless.
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