Republican John McCain says the government isn't in the business of saving and rewarding banks or small borrowers who behave irresponsibly.
McCain made the remarks in California, one of several stops along his weeklong western fund-raising swing.
However, the all-but-certain presidential nominee offered few immediate alternatives to fixing the growing housing crisis. McCain says he is willing to "consider any and all proposals based on their cost and benefits."
A statement from Democratic Party Chairman Howard Dean says McCain isn't offering a plan "to address the crisis at all levels."
The housing turmoil has troubled Wall Street and is dominating the presidential race as the nation faces an economic downturn. The Federal Reserve has already taken steps to intervene.