[rvoitier]

It’s a good start . . .

[Fred]

SNAP!!

[perfect_rovian_storm]

I call for firing of McCain if he can’t grow some gonads and attack his opponents instead of attacking everyone else on planet earth.

[mgc1122]

How about Johnny Mac rightfully pointing the finger at the Obama advisors who made millions on this crap? And asking for jail time.

[Blue Turtle]

http://www.sec.gov/about/commissioner/cox.htm

[elizabetty]

That will be disappointing to those who wanted Chris Cox to be the VP.

[Timeout]

That was a terrific rally!

I kept thinking Governor Palin was going to look straight into the camera, point to the audience, and declare:

"Hey, Washington. Listen up! THESE are the folks who are paying for all your outrageous excesses. And they're sick and tired of it!"

[Guenevere]

Heard this live just a few minutes ago...

[kcm.org]

JAIL!!!!!!!!!!!!!!!!!

[CodeToad]

Wow. Such a strong statement...and I like it!

[Reagan Man]

IIRC, this is the same Chris Cox who was a multi-term conservative Congressman from California, with a bright future in GOP politics..

How quickly they fall.

[Bitsy]

Let the heads start to roll!

[rrrod]

I guess public hanging is out of the question.

[Lions Gate]

Good move by John McCain to demand that Chris Cox be fired!

The SEC (Securities & Exchange Commission) is unquestionably partially responsible for the recent volatility and drop in the stock markets. They have done a terrible job protecting American investors and need to be reprimanded loud and clear by the Senate Banking Committee.

Here are some of the most glaring problems with the SEC that need to be addressed immediately:

1) On, July 6, 2007 the SEC got rid of the Uptick Rule regulating short sellers which had been in place since 1938 because of short selling bear raids during the Great Depression. Since the Uptick Rule was taken out, the volatility on the stock market has increased by 70% as measured by the VIX Index.

2) On November 2, 2007 the SEC allowed the NYSE to get rid of the Program Trading Curbs that had been in place since the 1987 stock market crash. The NYSE formerly implemented a curb on program trading whenever the NYSE Composite Index moved 190 points or more from its previous close, and permitted program sales to be executed only on upticks and program buys on downticks.

3) The SEC (effective today) has FINALLY passed a ruling to stop the abusive and criminal practice of Naked Short Selling, which is simply counterfeiting the shares of publically traded stock. WHY DID THIS TAKE UNTOLD YEARS AND A FINANCIAL CRISIS TO FINALLY BE DONE?

These are major problems that NEED TO BE FIXED IMMEDIATELY BY THE SEC. These problems have resulted in a massive amount of increased volatility and instability in the equity markets, reducing the net worth of American investors, driving companies out of business, substantially raising the cost of capital, and costing American taxpayers billions in government funded bailouts.

Because the SEC is regulated by the Senate Banking Committee, I urge FReepers to please email and write members of the Senate Banking Committee demanding that the SEC reinstate the Uptick Rule and Program Trading Curbs, and make sure that the criminal practice of Naked Short Selling is truly stopped once and for all.

In addition, a full investigation needs to be made and some heads definitely need to roll at the SEC for their gross incompetence.

[jwalsh07]

I’m fine with that. President Bush is also behind the curve again. He needs to do a prime time address and explain just WTF is going on to the masses who are cluelss. And yes I understand that he isn’t sure where this is all going but he needs to explain where we’ve been and how we got here. He can start with the Community Reinvestment Act.

[Constitutions Grandchild]

I’d like to nominate Barney Frank for a position in the hot seat.

[adorno]

McCain calls for firing of SEC Chairman McCain is about to snatch defeat from the jaws of victory. After a good convention, and a good two weeks in the polls, he has allowed Obama to tag him as out of touch and as part of the problem with what ails the economy. Why haven't McCain and Palin come out with the facts on the reasons for the failure of Fannie and Freddie? The historical facts about the reasons for those failures can be traced back to the Clinton policies and the Clinton cronies who were installed in leadership positions in those organizations.

So, Obama goes on the attack, and with no defense on the McCain side, Obama starts gaining in the polls. Obama is playing hardball while McCain is playing stickball.

Question to McCain: If you can't stand up to Obama and the lies from his side, how can we expect you stand up to our enemies abroad, and the corruption that is so rampant with so much of our government, including that within our congress?