Fire the head of the SEC – Absurd NOT !!!

19 09 2008
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Our friends at AP as reported by Yahoo News printed: Republican John McCain, buffeted by criticism about his response to Wall Street‘s financial problems, said Thursday he would fire the SEC chairman and create a special trust to help strengthen weak institutions.

Well as a former Wall Street Banking Officer – I’ve had a lot of experience in Investment Banking. The normal response when there is a problem in IB is to point a finger at someone and fire them. It just feels good too. In this case I don;t think Mr. Cox is probably personally to blame but it would still be good to fire him to make the US Governments response appear strong. Bush who appointed him is still backing him for now. But I think Cox should be a stand up guy and go ahead and resign. Take the fall. The whole world is watching.

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