McCain Says He Would Fire SEC Chairman

Republican presidential candidate John McCain says he would fire Securities and Exchange Commissioner Christopher Cox if he were president.

McCain told supporters at a rally in Cedar Rapids, Iowa, on
Thursday that Cox had, in McCain's words, "betrayed the public's

Stocks on Wall Street have tumbled this week amid the worst
financial meltdown in the U.S. since the Great Depression.

Cox was appointed SEC chairman by President Bush in 2005. Before
that, Cox was a Republican congressman from California for 17

An SEC spokesman didn't immediately return a telephone call
seeking comment on McCain's statement.
The Securities and Exchange Commission oversees regulation of
U.S. markets.

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  • by Chris Location: Grrenville on Sep 18, 2008 at 05:58 PM
    No mincing words or reading into a statement on this one. You would have to go after poor porformance like that. It is like the guard of the hen house letting a bunch of foxes in. What would have made it even better is if he had Trump standing behind him and said "Christopher Cox, for poor job porformance, we are going to have to let you go." And then have Trump pipe up with 2 fingers pointed at the camera and have him do his "You're fired" thing.
  • by Concerned Location: Greenville, N. C. on Sep 18, 2008 at 11:52 AM
    Why didn't they put Warren Buffett in charge of SEC. Anyone that smart with their own money will also be smart with other peoples money. Greedy and wasteful spenders shouldn't be in charge of nobody's money, not even their own
  • by Red State Location: Washington Co. on Sep 18, 2008 at 11:03 AM
    That sounds like a good place to start.
  • by Obama Snake Oil Co Location: Washington on Sep 18, 2008 at 10:44 AM
    This is why you need Palin and McCain to clean up DC, there is no excuse for this happening after Enron. Also, why is it that Obama took such a large contribuition from these corrupt real estate loan agencies, yes, all of them. Bush tried to make it a little easier for most persons to get a house and the loan agencies found a way to screw em.

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