Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : THE WHITE HOUSE -- Ignore unavailable to you. Want to Upgrade?

To: pompsander who wrote (22608)	9/18/2008 5:45:09 PM
From: DuckTapeSunroof	Read Replies (2) \| Respond to of 25737

Re: "Gotcha, Buddy....not true. The SEC head can't be removed by the Pres. Not Technically, anyway. 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." Ah so!!!!!!!!!!!! Well... you are correct of course! (I wasn't paying enough attention --- I just remember hearing the words of the WH Press Secretary at the daily briefing yesterday... when she stated that the President had confidence in Cox... and she stated the 'serves at the pleasure of the President' formulation.....) So... Bush could ASK for Cox to resign, but he can't force him to. (And, of course, neither can McCain. :-) HERE is one thing you might not know (I just learned it the other day...) the SEC has no statutory authority to bring CRIMINAL charges --- only civil charges and fines. (That is one piece of law we should certainly change!)