McCain's economic ignorance shows again! He could not fire the SEC chairman

[LuckyTheDog]

McCain Flub? Republican Says He'd Fire SEC Chair as President

ABC News' David Wright reports: At a joint rally in Cedar Rapids, Iowa, Thursday, Republican John McCain slammed the Security and Exchange Commission (SEC) for being "asleep," saying that if he were president, he would fire Chris Cox, the chairman of the SEC since 2005 and a former Republican congressman.

McCain said the SEC has allowed trading practices, such as short selling, to stay in place, that turned the "markets into a casino."

"The regulators were asleep, my friends," McCain said. "The chairman of the SEC serves at the appointment of the president, and in my view, has betrayed the public trust. If I were president today, I would fire him."

But while the president nominates and the Senate confirms the SEC chair, a commissioner of an independent regulatory commission cannot be removed by the president.

http://blogs.abcnews.com/politicalradar/2008/09/mccain-blasts-o.html

[Rebellious Republican]

1. Good find for those interested in more than mere gossip.

And a little kick back up to the top!
:kick:

[Liberal_in_LA]

2. And he says "my friends" AGAIN!

[Rebellious Republican]

3. He has lots of friends, many are his base, the have mores!

:kick: