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McCain would 'fire' SEC chairman Cox |
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By Sam Youngman
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Posted: 09/18/08 12:18 PM [ET] |
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Republican presidential candidate John McCain, campaigning in Iowa Thursday, is expected to call for the firing of Securities and Exchange Commission (SEC) Chairman Chris Cox. In his prepared remarks, Sen. McCain (Ariz.), without naming Cox, said the chairman has “betrayed the public’s trust.” “If I were president today, I would fire him,” McCain will say, according to his prepared remarks. As the crisis on Wall Street stretched further into the week with more uncertainty on the horizon, McCain lashed out at Democratic rival Sen. Barack Obama (Ill.) for staying “silent” when more regulation was needed. McCain said he has been advocating changes in economic policies for years.
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