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(Marketwatch)   McCain says SEC's Cox should be fired. Penis   ( marketwatch.com) divider line
    More: Obvious  
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541 clicks; posted to Politics » on 18 Sep 2008 at 5:10 PM (8 years ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2008-09-18 05:50:33 PM  

Shaggy_C: Torque420: Thats one one of the best things about Obama. He may not look tough but when he speaks he can really hit hard.

lulz...yeah, right.

"Uh...I think, uh, that's all fine and good but here's what I, uh, think," Obama said. "In the next, uh, 47, uh, days you can fire the whole, uh, trickle-down, uh, on-your-own, look-the-other way crowd in, uh, Washington who has, uh, uh, uh, led us down this disastrous path. Don't, uh, just get rid of one guy. Get rid of this administration. Get rid of this, uh, philosophy. Get rid of the do-nothing, uh, approach to our, uh, economic problem and put somebody in there who's going to, uh, uh, fight for you, uh, uh."


I still can't believe that a few months ago Obama was criticized for being an eloquent speaker but now people claim he can't form a cohesive sentence. I've seen him speak twice and he's great.

Cognitive Dissonance - A fundamental value for the GOP
 
2008-09-18 05:51:36 PM  

IXI Jim IXI: "What skills will you bring to the table" Palin.


In what respect Jim? Do you mean, like, "what's for dinner"?
 
2008-09-18 05:54:24 PM  

Karma Curmudgeon: IXI Jim IXI: "What skills will you bring to the table" Palin.

In what respect Jim? Do you mean, like, "what's for dinner"?


You know, like nunchuku skills, bow hunting skills, computer hacking skills... voters only want VPGILFS who have great skills.
 
2008-09-18 05:54:43 PM  

Karma Curmudgeon: In what respect Jim? Do you mean, like, "what's for dinner"?


That's easy.

Moose burger
Moose sausage
Moose foo young...
 
2008-09-18 05:54:57 PM  

PunchDrunkPanda: You know, after eight years, that phrase is really wearing thin. We need to get some new material.

You can't morning-after this stuff?


Way to be a Monday morning quarterback.
 
2008-09-18 05:55:07 PM  

BlippityBleep: I've seen him speak twice and he's great.


lulz
 
2008-09-18 05:55:53 PM  
/Cue McCain supporters response in 5..4..3..2..


Shaggy_C: Torque420: Thats one one of the best things about Obama. He may not look tough but when he speaks he can really hit hard.

lulz...yeah, right.

"Uh...I think, uh, that's all fine and good but here's what I, uh, think," Obama said. "In the next, uh, 47, uh, days you can fire the whole, uh, trickle-down, uh, on-your-own, look-the-other way crowd in, uh, Washington who has, uh, uh, uh, led us down this disastrous path. Don't, uh, just get rid of one guy. Get rid of this administration. Get rid of this, uh, philosophy. Get rid of the do-nothing, uh, approach to our, uh, economic problem and put somebody in there who's going to, uh, uh, fight for you, uh, uh."



You are the classic example. Please, what else would you like to say. It will give me a laugh.
 
2008-09-18 05:56:18 PM  

rppp01a: You know, like nunchuku numbchuck skills, bow hunting skills, computer hacking skills...


Sirree, pot paevoh!
 
2008-09-18 05:57:26 PM  

Torque420: You are the classic example. Please, what else would you like to say. It will give me a laugh.


Obama's healthcare plan is asinine. If he really cared about getting people coverage, why doesn't he advocate a single-payer system?
 
2008-09-18 05:58:19 PM  

bartink: Way to be a Monday morning quarterback.


That never stopped John...

img137.imageshack.us
 
2008-09-18 05:59:10 PM  

Shaggy_C: Obama's healthcare plan is asinine. If he really cared about getting people coverage, why doesn't he advocate a single-payer system?


You assume that he could a) get elected and b) pass it if he promised one.

I question your premise.
 
2008-09-18 06:01:02 PM  

neddddavis: Cox's resume sounds very similar to McLameBrain's.

The poor guy (Cox) took over the SEC in 2005 because Bush/McCain liked his ultraconservative resume, and he inherited a dumb-downed SEC about to be embarrassed by essentially unfettered and highly leveraged wall street firms running amok.

OFF WITH HIS HEAD, I SAY!!!!

Bush is drinking again, that's why he's nowhere to be seen the last few days other than having lobster with the pres of Ghana.

Impeach Cheney first!!


I don't think he's drinking. Laura wouldn't let him. But AA is full of reformed drunks that live on anti-depressants, muscle relaxants, pain killers, sleeping pills etc.
 
2008-09-18 06:02:55 PM  
Hey Butthead McCain, how about you tell us in concrete terms what you would do about the financial crisis? Oh, and commission doesn't count.
 
2008-09-18 06:03:06 PM  

bartink: You assume that he could a) get elected and b) pass it if he promised one.

I question your premise.


So pushing bad policy to get elected is a good thing; pushing good policy that isn't popular with a small segment of society is a bad thing.

Glad we got that straight. DRILL HERE DRILL NOW!
 
2008-09-18 06:03:42 PM  

Shaggy_C: BlippityBleep: I've seen him speak twice and he's great.

lulz


Wow. You sure do hang out with a bright crowd. Between the youtube comments and the overall crappy presentation of the satire I'm surprised you know how to use a computer.
 
2008-09-18 06:04:38 PM  

BlippityBleep: Wow. You sure do hang out with a bright crowd. Between the youtube comments and the overall crappy presentation of the satire I'm surprised you know how to use a computer.


y'all is just jealous
 
2008-09-18 06:07:26 PM  

Shaggy_C: Torque420: You are the classic example. Please, what else would you like to say. It will give me a laugh.

Obama's healthcare plan is asinine. If he really cared about getting people coverage, why doesn't he advocate a single-payer system?


I think you just ansewerd your own question. Try again. Its alright you have as many trys as you would like.
 
2008-09-18 06:07:30 PM  

Shaggy_C: So pushing bad policy to get elected is a good thing; pushing good policy that isn't popular with a small segment of society is a bad thing.

Glad we got that straight. DRILL HERE DRILL NOW!


Small segment? More people want Obamas plan than a single-payer system.
 
2008-09-18 06:07:30 PM  
George Bush says; F you old man he was only doing what Dick told him to do!
 
2008-09-18 06:08:32 PM  

Torque420: I think you just ansewerd your own question. Try again. Its alright you have as many trys as you would like.


No I didn't. Obama's plan doesn't cover everyone. Calling for 'Universal' healthcare is a sham.
 
2008-09-18 06:09:28 PM  

bartink: Small segment? More people want Obamas plan than a single-payer system.


Obama's plan is a watered-down pseudo-socialist piece of garbage that appeals to really no one outside of the schmucks who just voted themselves insurance out of the public treasury.
 
2008-09-18 06:13:07 PM  

Shaggy_C: Obama's plan is a watered-down pseudo-socialist piece of garbage that appeals to really no one outside of the schmucks who just voted themselves insurance out of the public treasury.


He is ahead in the polls with the plan. What evidence do you have to back up your claims?
 
2008-09-18 06:14:17 PM  

Shaggy_C: bartink: Small segment? More people want Obamas plan than a single-payer system.

Obama's plan is a watered-down pseudo-socialist piece of garbage that appeals to really no one outside of the schmucks who just voted themselves insurance out of the public treasury.


Nevermind, you are doing your ever more frequent troll.

You've made my ignore list.
 
2008-09-18 06:16:31 PM  

Shaggy_C: Torque420: I think you just ansewerd your own question. Try again. Its alright you have as many trys as you would like.

No I didn't. Obama's plan doesn't cover everyone. Calling for 'Universal' healthcare is a sham.


I smell a troll. You cant be serious are you? If you are serious I can understand why you would think that. I seriously hope you are planning to get sick any time soon unless Obama is president. At least then you will have an option for health care if you dont already have insurance.
 
2008-09-18 06:19:49 PM  

Torque420: I smell a troll. You cant be serious are you? If you are serious I can understand why you would think that.


The big contention between Hillary and Obama was that her plan required people to buy into the Federally-financed insurance policy if they didn't already have insurance. Obama only requires children to be enrolled. Ergo, his plan is not 'universal' as it doesn't inherently cover everyone.
 
2008-09-18 06:26:43 PM  
FROM ABC NEWS WEBSITE (Blog section):

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.


Ha ha ha... DUMBASS! He really does not know anything about the way the economy works.
 
2008-09-18 06:37:59 PM  

Shaggy_C: Torque420: I smell a troll. You cant be serious are you? If you are serious I can understand why you would think that.

The big contention between Hillary and Obama was that her plan required people to buy into the Federally-financed insurance policy if they didn't already have insurance. Obama only requires children to be enrolled. Ergo, his plan is not 'universal' as it doesn't inherently cover everyone.


Of course it dose. If you are retarded and dont want insurance then you dont have to get it. Its not right for the government to mandate coverage. Under Obamas plan you have the option of getting affordable insurance. As long as you are not an idiot and refuse to get coverage you have the option for it. Hence "Universal coverage". Stop trolling. You jumped on the fail boat and cant seem to find your way off.
 
2008-09-18 06:41:32 PM  
"I think that's all fine and good but here's what I think," Obama said. "In the next 47 days you can fire the whole trickle-down, on-your-own, look-the-other way crowd in Washington who has led us down this disastrous path. Don't just get rid of one guy. Get rid of this administration. Get rid of this philosophy. Get rid of the do-nothing approach to our economic problem and put somebody in there who's going to fight for you."



This
 
2008-09-18 06:42:29 PM  
Was he able to say it without laughing?
 
2008-09-18 06:46:54 PM  
As I said in the other thread about the SEC:

"Actually Chris Cox was my former Congressman before being appointed to the SEC - my family actually knows him pretty well (I've met him a few times - he always struck me as a pretty decent Republican.) He was appointed to the SEC in 2005, after this program was instated in 2004 in response to a similar European (SEC equivalent) program. I'm not defending him, but I might be able to find out a little more using some personal connections. I'll do some digging.

-Ceqir"
 
2008-09-18 06:48:58 PM  

Torque420: If you are retarded and dont want insurance then you dont have to get it.


Isn't that what we have today?
 
2008-09-18 07:17:17 PM  
This is the result of the Bush-McCain economic policies, (new window)

This nation cannot afford another Republican in the White House.
 
2008-09-18 07:27:49 PM  

Surool: Ha ha ha... DUMBASS! He really does not know anything about the way the economy works.


A reporter from the View asked if McCain really didn't know anything about how the economy works. McCain replied. "I'll get with my indentured servants and get back to you on that."
 
2008-09-18 07:30:41 PM  
McCain is all over the place. Spain, the economy...is he losing it?
 
2008-09-18 07:43:45 PM  

Opiate of the Lasses: ...something which the President actually does not have the authority to do (new window)


This and... no just this. Is the man truly that stupid?
 
2008-09-18 08:08:50 PM  
Shaggy_C

Torque420: If you are retarded and dont want insurance then you dont have to get it.

Isn't that what we have today?



NO its not what we have today. If you dont know the diffence I feel sorry for you. Like Ron White says. "You cant fix stupid"
 
2008-09-18 09:08:32 PM  

Torque420: NO its not what we have today.


Explain. It's optional health insurance, exactly like we have today. The fact that it's got some fancy government sticker on it and it's 'cheap' doesn't mean the 86 million uninsured Americans are going to jump right on board.
 
2008-09-18 09:20:14 PM  
McCaint supported the Gramm-Leach-Bliley Financial Modernization Act of 1999 which broke down the walls between commercial and investment banks and insurance companies, and lead to the deregulation we now have in place. In March of this year he said, "Our financial market approach should include encouraging increased capital in financial institutions by removing regulatory, accounting and tax impediments to raising capital."

So let me get this straight - he supported and voted for the bill that lead to MASSIVE banking deregulation, but now that the very policies he supported and voted for have lead to disaster he wants the guy in charge of putting those policies into practice fired?

And this coming from the guy who put Gramm from the Gramm-Leech-Bliley Act, and THE leading banking lobbyist in DC as the co-chair for his campaign?!?!?!

Seems to me McAint is as responsible for this as anyone. Only he doesn't seem have the balls to own up to it. I guess they were removed when he was a POW.


/POW
 
2008-09-18 10:15:05 PM  
Only 89 comments on this thread?

The Secretary's job was to enforce the regulations. He did not.

Surely there are many to blame. But the SEC's job is watch this stuff,he was the chief, and he was lax.

McCain is not off base.
 
2008-09-18 10:25:23 PM  

newmoonpuppyhead: McCain is all over the place. Spain, the economy...is he losing it?


Spain? What about me what ...?

That should be McCain's new campaign sign. What about me what?
 
2008-09-18 10:40:59 PM  
"My opponent sees an economic crisis as a political opportunity instead of an opportunity to lead," McCain said.
Palin said, of Obama, "He likes to point the finger of blame, but does he ever lift a finger to help?"


Yes, we're just drowning in help from the two of you. The crises is almost solved because you called for the firing of a guy who you can't actually fire, even if you had won the election. Thank you, McCain and Palin. Thank you for having the bravery to take a serious look at this crises and respond with stupidy. God bless you both.

/Obama-Biden 08
 
2008-09-18 10:45:51 PM  

Ceqir: As I said in the other thread about the SEC:

"Actually Chris Cox was my former Congressman before being appointed to the SEC - my family actually knows him pretty well (I've met him a few times - he always struck me as a pretty decent Republican.) He was appointed to the SEC in 2005, after this program was instated in 2004 in response to a similar European (SEC equivalent) program. I'm not defending him, but I might be able to find out a little more using some personal connections. I'll do some digging.

-Ceqir"


From what I've heard, he's a god damn moron. But hey, when you're appointed to a job to regulate, and you and your boss are ideologically opposed to regulating, it probably doesn't take much effort. Where can I sign up for a job like that?

"Thanks for hiring me to do 'X'. I am happy that we both determined that we are ideologically opposed to doing 'X'. Let me go take a nap in my office now and let everything fall to shiat. Call if you need anything."
 
2008-09-18 11:35:53 PM  
If anyone still reading this thread think a President can't fire an SEC Commissioner, put your hands down. You're wrong... For the record:

In light of the massive misinformation around the web on this point, I'll repeat here what I said earlier:

"The creation, composition, and powers of the SEC are found in the Securities Exchange Act of 1934. The commission consists of five members who are appointed by the President with the advice and consent of the Senate. The terms of the commissioners are staggered and the basic length of each term is five years. No more than three of the commissioners may be members of the same political party. The statute does not provide for a chairman. Until 1950, the Chairman was elected annually. Following Reorganization Plan No. 10 of 1950 (see, Reorganization Act of 1949, 5 U.S.C. §§ 901-913), the President designates the chairman. Pursuant to this Reorganization Plan, the chairman succeeded to most of the executive and administrative functions of the commission." S.E.C. v. Blinder, Robinson & Co., Inc., 855 F.2d 677, 681 (10th Cir. 1988).

The President's powers with respect to appointment and removal of commissioners from the commission thus differ from the President's power with respect to the appointment and removal of one of those commissioners from the office of Chairman. As to the former, "The Act does not expressly give to the President the power to remove a commissioner. However, for the purposes of this case, we accept appellants' assertions in their brief, that it is commonly understood that the President may remove a commissioner only for 'inefficiency, neglect of duty or malfeasance in office.'" Id. [Emphasis mine - Ed.] Whether the President could remove Cox from the Commission on one of these grounds is debatable, at best, but at least theoretically it's possible.

Update: To like effect, see MFS Securities Corp. v. S.E.C., 380 F.3d 611, 619 (2d Cir 2004, in which the court stated that "the power to remove Commissioners belongs to the President," albeit while noting that that "power is is 'commonly understood' to be limited to removal for 'inefficiency, neglect of duty or malfeasance in office.'" See also S.E.C. v. Bilzerian, 750 F.Supp. 14, 16 (D.D.C. 1990), in which the court stated that: "While the Act does not expressly give the President the power to remove a commissioner, it is generally accepted that the President may remove a commissioner for inefficiency, neglect of duty, or malfeasance in office." [Emphasis mine. - Ed.] So ABC's Wright's and Tapper's citation of a 1935 SCOTUS case dealing with a different agency (namely, the FTC) is irrelvant. The understanding with respect to the SEC is that the President, at the very least, can remove a Commissioner for cause.

What is not debatable, however, is that "The Chairman of the SEC serves as such solely at the pleasure of the President." Harvey L. Pitt & Karen L. Shapiro, Securities Regulation by Enforcement: A Look Ahead at the Next Decade, 7 Yale J. on Reg. 149, 280 n.557 (1990). Indeed, the Tenth Circuit so held in the Blinder, Robinson case cited above. See 855 F.2d at 681, stating that "as the President has the power to choose the chairman of the SEC from its commissioners to serve an indefinite term, it follows that the chairman serves at the pleasure of the President." [Emphasis mine. - Ed.]

Hence, when McCain said "The Chairman of the SEC serves at the appointment of the President," he was right at the very least insofar as Cox's position as Chairman (as opposed to his position as a commissioner) is concerned.
 
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