MCCAIN WANTS OUT OF THE CAMPAIGN FINANCE SYSTEM he’s responsible for and finds it’s not so easy. Amusingly, McCain is arguing that he has a constitutional right to get out.

MORE: “‘We never claimed that the matching funds were collateral for the loan,’ says McCain lawyer Trevor Potter. ‘This was all a hypothetical future transaction.’ (We wish we could get bank loans like that.)” The WSJ is aptly smirky: “We suppose we can’t blame Mr. McCain for trying to make the finance rules work for him, but it’d be nice if he finally admitted their embarrassing folly.”