Cox was my Congressman. his appointment to the office was a surprise to us all.
While he is at it would he fire the head of DHS for the failure of Border Security?
This is becoming a joke. Everyone has solutions now.
Cox is not the whole problem, but he’s certainly part of the problem.
He has been allowing naked short selling on a massive scale, which is technically illegal but has not been enforced. The SEC just announced that the rule would be reinstated, but that’s locking the stable door . . .
One reason why some of these finance companies have gone bust is that the hedge funds have shorted them into destruction. And one thing leads to another.
Another problem was that, incredibly, the SEC suspended the uptick rule on shorts, which has been in place since the 1987 stock market disaster. Could there have been a worse time to do that than during a potential economic meltdown, when the PPT and the Fed are trying to prop up the market?
ABC News is claiming the President doesn't have the authority to fire the SEC chair - is that correct?
Yes, the govt. employee payroll is too big, and there are way too many doing way too little. But, I think McCain might be hurting himself a bit. The tough-guy talk about getting rid of people is, perhaps, a bit premature. Maybe better done after the election when McCain is in office? Just MHO
snarky newsreader said that the president cannot fire the chairman of the SEC
Seems to me if the President appoints the chairman he can certainly remove him