The Lengths John McCain Went to for His Campaign to Stay afloat

Blood Money

(Fox News) - John McCain's presidential campaign was so strapped for cash last November that he offered his fundraising lists as collateral for a $3 million dollar line of credit — and took out a special life insurance policy to seal the deal.

The Washington Post reports the policy was necessary to ensure the continued value of the fund-raising lists — which would not maintain their worth if he were not alive.

McCain's Internet fundraising consultant says — "I can't imagine any other campaign doing what he did. We were down to nobody. To nothing."

And one campaign finance expert says — "It was a big gamble, but I think one of the most important strategic moves the McCain campaign has made."

McCain used the money to concentrate on the New Hampshire primary — which he won. Now the campaign is said to be back on solid financial ground.