Chris Cox

Chris Cox, chairman of the Securities and Exchange Commission probably should be sacked. Allowing debt to be turned into securities and specifically how mortgage debt was turned into a security with floating cash returns is something that Cox should have and could have prevented.

As to McCain pointing out that Obama has stated publicly he will not draw back on the social spending programs he has promised- as well as differing from McCain in also calling for individual mortgages holders getting direct government pay-offs isn't a case of vehemence, its just reiterating what Obma was saying as recently as last night.

I do agree utterly that the Republicans are acting in a way FDR would have never have attempted. It is indeed a naked power grab.And I do wonder if McCain sees this and expects to have unprecedented power in terms of capital in his new administration. Maybe Obama recognizes it to be a power grab favoring the Republicans because he is now stating the solution being presented to Congress should be viewed only as a first stop-gap test, that will need further expansion and refinement with a new administration's oversight in January.

One thing mitigating McCain's motives would be if Cuomo was appointed SEC head. Cuomo is indeed a nightmare to Republican leadership, but he is also an ideal person for the job.

Conservatives in the Republican party are afraid of this tendency in McCain. He isn't as partisan as many Republicans want him to be. And often they mask this fact by claiming they hate his temper.