Posted on 09/18/2008 2:55:02 PM PDT by NoLibZone
Whatever. We know what he meant. He’d ask for his resignation or he’d make life hell for him.
They need five people to write a story?
But, but, but...I though McCain and Bush were evil twins. How can one be for Cox and one against?
Anyway, I’m not sure I agree with McCain on this, but at least he is being specific about what he would do, unlike Osama.
A flub? How about simply a figure of speech. I’d “fire” him too. HEck they shoulda “fired” Greenspan back when as well.
The BOZO should have ended naked short selling years ago.
Does the SEC have the authority to stop the practice of selling short? Is it illegal?
Not a flub...the white house confirmed tonight the President does have the right to fire the SEC chairman.
This is a flub, but not in the way that the MSM thinks. McCain sees the economy like every politician does: as an extention of bureaucracy. Since the age of Hoover, presidents have gone after the unrestrained free market in times of trouble, and they’ve all wrong.
By the way, wasn’t Johnson impeached over this sort of nonsense? Why can’t a president fire people he’s appointed? Who fires the head of an “independent” regulatory commission, if not the president? Why can’t the president ignore the court if he wants? Who put them in charge (and don’t tell me it’s the Constitution)? It’s about time someone told them they don’t run everything.
It is ABC-I am surprised that it only took 5 to write their slanted story.
since this is such a big issue we must bombard them with the fact hussien is not aware of the company receiving an $85 billion bailout...
http://www.freerepublic.com/focus/f-bloggers/2085347/posts
The SEC does have the authority to enforce *existing* rules about naked short selling which for whatever reason, it didn’t do until today.
Cox should voluntarily step down just because all this crap happened on his watch. He failed.
They can ban all short selling. Based on the experiences of third world exchanges that have done so, one would expect volatility to increase by 500% and volume to decrease by 75%. Is that what you want?
..........Martha Raddatz, Lisa Chinn, Alyssa Litoff, Bret Hovell and Imtiyaz Delawala ......................
Vanna, I’d like to buy a few vowels!
Yep. The SEC has been doing a good job as of late...
Not. Yes someone should be fired, asked to resign, or whatever.
Same goes at the Fed, the Congress and some White House advisors.
I heard on Fox that the President does have the power to fire and appoint a successor
If Obama had said this, no reporter would ever mention the President’s inability to explicitly “fire” him. They would say Obama “meant” to force Cox’s resignation.
The President does have the right to fire the head of the SEC that he appointed. Are you saying he cannot fire SecDef or anyone he appoints?
Last I knew the President is free to fire any political appointee! Since the SEC is a political appointee then Bush can fire him.
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