Cox was my Congressman. his appointment to the office was a surprise to us all.
Cox was my Congressman as well. In that position, I felt he did a reasonably good job, although I never forgot his siding with Irvine on the conversion of El Toro Marine Air Station to be Orange County’s main airport. What a huge missed opportunity for the future of aviation in Orange County.
As for his stint at the SEC, I believe he has been a total disaster, and at times I questioned his motivations and just whom he was representing. It certainly was not the individual investor. His approval of the elimination of the Uptick rule for Short Selling was a disaster that has come back to haunt us. It allowed for the Shorting of stocks on a massive basis, especially with the nearly total lack of enforcement against those who did so-called Naked Shorting. Quite a few of the companies damaged or destroyed the past few weeks were due to both of these activities.