Friday, September 19, 2008

McCain is Right - Chris Cox Should Be Fired

Cox is a former congressman who has no business being at the helm of the SEC and despite what some fools say, the President has the authority to remove the Chairman of a Commision from his Chairmanship. Cox is now looking at banning all short sales, talk about a bubble-inducer. Larry Kudlow got it right in this post were he stated "(a)s much as I agree with Paulson’s new RTC-type agency, which is what I call a smart regulatory move, I disagree with Cox’s action, which is an incredibly stupid regulatory move."

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