McCain to Cox: You're Fired!

McCain, you onery rascal.........eat 'em up!

You've damn sure got my vote.

My ears simply refuse to hear anymore of Obama's empty minded rhetoric supported by nothing more than his macho superiority act.

His beautiful and sincere oratory initially drew me to him, despite my own innate prejudice, then upon closer inspection he became totally superficial and without actual substance.

Its over Obama, the old warrior wins, not in Hanoi, but in Washington where this old man will bring down the house in a time of one of this nations greatest needs, and perhaps leading to its finest hours.

America always finds a great leader in its time of need. Obama is not a great leader. He is not a leader at all.

Tattered and well worn, the old man has the metal of multiple admirals in his blood, and the will to fight to the very precepice of his own death for his beliefs. In his chest is the honest heart of a true American, who unquestionably loves the country to which he has devoted his life.

On the other hand, we have Obama, a candidate who has devoted his short political life (far too little of it) to his own personal ambitions.

Given that, as with any man, they are both flawed, I'll take the most experienced and truist of the two. There is absolutely no doubt in my mind, any longer, that this ambitious, slightly raucous, and rascally McCain, knows his ouwn heart, and that he loves his country without reservation.

Upon examination of Obama's lack of depth and experience, and his own contrived superiority, inexperience laced with obvious superficiality, one simply can not say the same for Obama. Some question arises whether he is an American at all.

McCain has pinpointed the failure of the SEC to recognize and to regulate, which is their primary function. Cox should go, and should face charges related to derilection of duty.

Packaging and repackaging mortgages to alledgedly water down risk was a myth that a full time regulatory agency should have recognized and taken all steps necessary to correct before it was too late. Who else carries this responsibility?

As with FEMA and other constipated federal agencies, there is a fear of taking incorrect action, so no action is taken at all. Agressive leadership is never a mistake, when taken for the right reasons, even if it is incorrect. But, as with Cox, the worst mistake is to do nothing for the wrong reasons. This is the action of gross negligence. the inaction of another regulator asleep at the wheel.

We certainly don't need to put another such fool into the white house. Obama is still trying to sort out exactly what happened, while McCain is setting a course straight for the throat of the perpetrators.

Give me a man of action this time around, not another "mealy mouthed" politician. Eat 'em up McCain. Even if you don't get it exactly right, it will provide the impetus needed in Washington for action on all levels.

Hard for Senator McCain to be seen as a "change" advocate, when he has spent so much of his time on the national stage in the very place that he now wants to "change". Such folly!
Who is fooling whom?!!

"..big spending, greedy, do nothing, me first, country second crowd in Washington"

he meant himself? like pickin palin for VP just to get votes.

McCain has been a Senator for 22 years; WHAT has HE DONE to prevent this financial rape? NOTHING! He went along with everything Wall Street and Financial Services lobbyists wanted, and PAID for - even ALLOWING lobbyists to WRITE Congressional legislation!!! Yes, he approved legislation that made it "OPEN SEASON ON THE PEOPLE."

And what about Blarney Frank and any NUMBER of Senators and Representatives, that sit on various financial oversight committees, and who have done NOTHING more, than take lobbyist money, and lobbyist-written laws?

The BOTTOM LINE is the America people have morphed into mindless, ignorant sheep...who simply don't care! Now, they're being devoured.

Mccain is right...When Obama speaks, I do not see confidence in him, neither I am convinced that he understands everything. For hiring of a low skill worker, we always look for experience then why to ignore this element while hiring the President. I do believe though republicans and their policies favor the riches and Mccain should team up with Democrates on certain policies.

I say we arrest every slack-jawed, drooling moron who contributed to this disaster, seize every asset they have, shoot them, and then kick their families into the street. There has got to be SOME payback for incompetence on this scale.

Well' picking Palin seems to be working, doesn't it? If picking Palin was a purely political decision to get more votes. I personally don't believe this was McCain's only reason for choosing her-but even if it was, isn't that the object of this race? If McCain wants to be president, he has to get more votes-and if he truly believes in his country, then he wants to serve it as President (thus the need for votes). Who can fault him for that? I think people need to realize that McCain is right on with his blame toward the SEC. If I wanted to borrow money for a house and had nothing in the bank and no way of proving I could pay it back, should I get the loan? NO!! This, unfortunately, is what the SEC was allowing to happen in the form of huge CDOs and exotic investments that were NEVER worth the paper they were printed on! Maybe we should listen.

Old warrior? Maverick? Change-agent? Eat em up, McCain? Puh-leeze, L. Sturm. Wake up and smell your candidate for what he is: a tired old man who many, many years ago served his country well and will now let no one forget it. Change? Hmm, where did he co-opt that from? This isn't some sorry-a** Western where the, ah, Maverick rides in and saves the day. That story has been told, okay? Oh, and btw, who was it that championed the deregulation of the financial services and securities markets back in the 1990s? Yep, Phil Gramm, your maverick's right-hand man. These tired retreads need to retire to the comfort of their senior centers. They are too old and too out of touch. And don't get me started on that nitwit from Alaska.

"Even if you don't get it exactly right"

You are right Lawrence Sturm, digging up oil from national parks is Exactly wrong.

and Palin thinks the war in Iraq is "God's task". What happened to separation of church and state?

One thing I do agree with you, McCain IS Old.

I just want to know what Lawrence Sturm is smokin on? It must be some good stuff for him to believe anything McCain has to say. He must like George Bush too. And as far as McCain in the military, did Lawrence vote for John Kerry in 2004 because he was in the military?

McCain states he told the Administration and Congress the Fannie Mae and Freddie Mac issue needed to be fixed...did I miss the part where he actually did something! It's one thing to identify a problem...another to try and fix it. Don't use it as a campaign issue now. He's been in office long enough and the housing market has been in trouble before, if he saw it coming, why didn't you bark loud enough to stop it?

You cannot ask a regulator like the Stocks and Exchanges Commission (SEC) to be God, and to foresee all problems that could occur in the future. The SEC's main role is to supervise the financial markets based on rules that were elaborated according to previous problems in previous crisis. Capitalism is a big balloon that sometimes needs to be purged for decompression. Crisis is de facto a good thing, cleaning up the house for a better day. Always

"Mismanagement and greed became the operating standard while regulators were asleep at the switch"

Well isn't that the oil calling the kettle black.

I don't buy this, and I don't think Mcain is that smart. Don't you think someone else would have uncovered the secret to firing Cox if he was really that much more individually responsible than the cast of thousands who supplied the myriad of pieces to this mess. Up until today I was voting for Mcain. But today I watched him do something I can only describe as both an insult and very creepy. Insulting because he actually expects us to believe that Cox could be that much more to blame than the rest. The creepy part was that I think he knew better, but he was willing to unnecessarily humiliate Cox in front of the entire country just to keep the media's attention focused on himself. J

I agree with H....

And if I have to listen to either candidate's rhetoric anymore I'm going to barf. Only one candidate can make wise decisions free from special interests, and he called out this Wall St. disaster 7 weeks ago and got scoffed at....vote Nader!

McCain is talking change and Obama is talking change. We know they are both intelligent leaders/Senators.

However, look at it this way. Do you want an effective Capitalistic market society or do you want tax 'em Socialism? Yes, it's about change.

Socialism that hangs and strangles the life out of businesses or do you want effective regulation and transform the markets around the world for the free man (aka Capitalism)?

For McCain to state he would fire Cox as President should earn some respect. Yes, leaders and executives should and must be held accountable. Boards of corporations must be held to higher standards and be required to document risk management clearly to regs and shareholders!

STRUM,

Where do you purchase your drugs....

You sound like some Republican Hack, downplaying the obvious fatal flaws of your candidate and it's delapidated policy.

Beyond being cynical, it is down right shameful that the same group of overpaid crooks, can take the stage and repackage the same BS as change. You are gambling on ignorance.

Fortunately, there is a group of youthful open eyed voters that see right through the self righteous crap about McCain.

John is not a bad guy, but come on, He is not the savior you guys make him out to be.

Debate the issues. Debate character. Or Debate Facts, but geez, don't gloss over the obvious.

Speaking of facts:
McCain: C Student
Obama: President Harvard Law Review

McCain: Adulterous Liar. (See Nancy Reagan, ask her to tell the truth about John and his divorce. Ask her why she gave John's Ex a job in the whitehouse....).
Obama: Dedicated family man

John McCain: War Hero. (Fact).
Obama: No military record(Fact)

Does military service alone make you a great leader. I think not. Bill Gates never served a day. And frankly, he is one of the greatest leaders in our lifetimes. No, he didn't crash 4 Military Jets, but empowered the world to attain a vision of computing that changed the way everything works.

Obama brings this type of leadership to our national stage, vision, courage and intellect.

On Finance: This guy does not even use a computer.... Sorry, but we retired the Paper Ticker about 100 years ago dude...

It is time for the USA to change to something new. Supply side economics needs to be retired. We need a cause and markets that are not designed to enrich a few and reduce many to nothing more than modern day slaves.

Need we recall Enron...How soon we forget. Now we've got Lb, AIG and WaMu on the cusp. Enough already.... Enough.

This is in response to MS and H above. It's public record that McCain submitted a bill that was shot down by the Democratic Congress that was directly aimed at reforming Fannie and Freddie. (Side note: Look at who got the big contributions from GOVERNMENT sponsored Fannie/Freddie to do that shooting down so they would not be regulated. Barack Obama and Christopher Dodd, Dodd being the head of the Senate Banking Committee. Oh, and "Slick Willy" Clinton awarded good behavior by being posted to those companies so said people could make millions. Said people are also currently on Obama's staff. Change?! Right.) If you look at the root causes of the current fiasco, the extremely loose and unsupportable sub-prime mortgages supported by Fannie and Freddie fed the complex funding instruments Lehman and AIG bought by the boatload. Here is the magic question. Would this have all occurred if McCain's reforms in 2005 had been passed? Don't know, go ask Obama and Dodd that same questions, and why they shot down the bill.

I'm afraid Mr. Sturm has been drinking the McCain Kool Aid. Onery? Maybe. But don't forget that Phil Gramm, one of the principal authors of bank deregulation, is also one of McCain's top economic advisers. Special interests seeking to avoid regulatory oversight have always gotten a sympathetic hearing from McCain. Remember the Keating 5? McCain was a charter member. Why anyone would think that someone who has been part of the D.C. establishment for 26 years, and a member of the party that gave us this mess, can now clean it up is sheer fantasy. McCain won't destroy what he worked so hard to enable.

Unfortunately, McCain is part of the problem and will remain so, since he hedges all the time. This man may have felt confident in a bomber over villages in the rice paddies, but right now the "enemy" -- extremely greedy people who are opposed to any government oversight -- are actually in his boat. This is plain posturing for the masses, no more. McCain will obviously stick to the fear-cum-bash the middle class libretto of the past 8 years.

I think it might be time for the Chicago Boys to move over. The idea of "drowning government in a batchtub" somehow did not work, and the principles of the free market have become essentally exploit whatever you can, as long as there is no accountability. Well, that is what government is for.

If we had been smart, we would already be driving high-economy, low-emissions cars, and our energy would be decentralized, not deregulated.

I wonder how McC feels about his running mate, Palin after she claimed the ticket was "Palin-McCain"....who's at the top of the ticket John? He's an old idiot, out of touch with what's going on in the world, can't remember the names of Europe's leaders, has never touched a computer although he's "learning".
The Repubs made a big mistake with this guy....but you know? He might win, because Americans don't like the "unfamiliar"....that is, "white" Americans who are the majority voters don't like the "unfamiliar" and don't like taking chances, although they took a chance on our latest President. And nobody's marching and complaining over HIS missteps. Just goes to show, the country will continue to live in the 20th century while the rest of the world marches on.

People forget that McCain himself was responsible for 17,000 people losing their money in a certain. He was also reprimanded as one of the "Keating 5".

Once again another case of the fox in the hen house. Any ordinary citizen would have and should have served jail time.

It is funny that McCain should be seen as reformed given that he was right there with his hands out taking money and his wife and father in-law were doing business with one of the crooks (Keating). Please educate yourself about McCain and look at the link below:

http://en.wikipedia.org/wiki/Keating_Five

McCain is a maverick. He scares both parties and is critizing both when he talks about Washington do nothings. This is the person I like. Does Obama? Obama is so wet behind the ears that he is listening to the power elite of his party. He is the front man with charm and good talk, but what and where is his substance. Dodd (chairman of the banking committee) and Nancy Pelosi (house speaker) both stopped more legislation for more regulations of the finance sector and NOW say Bush is the one to blame. No they are but now lie. Where the hell is Dodd, we have had two crises of the banking sector. Nice going Dodd.

YOU REPUBLICANS OWN THE LAST 8 YEARS OF FAILED POLICY....YOU CAN NEVER CHANGE THE SPOTS ON A LEPOARD

No need to point fingers here. This debacle is largely part of the republican train that has come to a violent stop. Ultimately in big business its the top management that takes the fall when thigs go wrong-whether it their fault or not, (part of the position). It time for a change in Washington, I hope the masses won't be brainwashed into thinking that change is McCain. I was actually giving some serious thought to vote for McCain but after his VP pick it is clear that it is a marketing ploy and an insult to the intelligence of the American people. Picking Palin is just ridiculous

The premise of the McCain position on this issue (and almost every other horror that is shaping up as 'The Bush Legacy') is so audacious, it leaves one gasping. He would have us believe that this mess happened over his protestations. Yet, it is his political philosophy of 'Government Bad' that led to the decimation of the Glass-Steagall act, which for decades had prevented precisely this type of financial incest and wheeler-dealing. His chief economic adviser (and let's face it, likely Treasury Secretary), Phil Gramm, was the author of that repeal, as well as 'The Enron Loophole' John McCain is part and parcel of the 'anything goes' financial culture which has brought about this ruin. Yet, through some truly amazing twists of logic and perception, he's able to sell himself as a maverick.
And if that's not enough, just remember...without John McCain, it would have been 'The Keating Four'.

ENOUGH WITH KINDERGARTEN ANTICS!!!!!!....

.... ANYONE IN PUBLIC OFFICE SHOULD BE HELD ACCOUNTABLE TO THE FULLEST EXTENT OF THE LAW.... PERIOD!!! REGARDLESS OF PARTY AFFILIATIONS.

SAY WHAT YOU WANT... BUT THE CONSERVATIVES HELD THE WHITE HOUSE FOR 12 YRS.... AND LEFT A HUGE MESS...

WHEN CLINTON CAME IN (WHETHER YOU LIKE HIM OR NOT) ... EVERYBODY... MADE OUT MUCH BETTER...

NOT ONLY DID CLINTON&GORE CLEAN UP THE 12YR MESS... BUT WHEN THEY LEFT OFFICE ... OUR ECONOMY WAS SOLID!!!!

LOTS OF JOBS, HOMES & COLLEGE EDUCATION...NOT TO MENTION A HUGE SURPLUS & A 50YR CUSHION FOR SOCIAL SECURITY...

IN CONTRAST .... WITHIN NO TIME... THE BUSH/CHENEY ADMIN...HAS EMPTIED THE PIGGY BANK, USED SCARE TACTICS TO TRICK US INTO THIS WAR (COSTING TRILLIONS!)AND PUT AMERICA ON THE 'BLOCK' SELLING HER PIECE BY PIECE!

... ALLOWED ENERGY GIANTS & LOBBYISTS TO REGULATE ENERGY POLICY
... ALLOWED FLAGRANT BUSINESS PRACTICES WHILE PROTECTING THESE CORP CROOKS (AND AT THE SAME TIME MAKING IT HARD FOR AVERAGE JOE AMERICA)
... SHIPPED OUR JOBS OVERSEAS ... WITHOUT RESERVING OR REPLACING THOSE JOBS FOR AMERICANS (AND PAYING SUBSIDIES TO COMPANIES TO DO IT)
... ERODING OUR CONSTITUTIONAL RIGHTS IN ORDER TO EXPAND SO CALLED 'EXECUTIVE PRIVILEDGE'... THEY WORK FOR US!!!!!!!!
..VAMPING HOMELAND SECURITY IS AN EXCUSE TO MONITOR AMERICAN CITIZENS WITH THIS 'RFID 2005'
... NO CHILD LEFT BEHIND IS A JOKE ($BILLIONS TAKEN AWAY FROM EDUCATION!!!) AND THEY HAVE INSTITUTED THE 'CERTIFICATE OF COMPLETEION' .. WHICH HAS NO EDUCATIONAL VALUE LIKE A DIPLOMA OR GED...THIS CERTIFICATE IS CREATING A NEW BREED OF SLAVES (WITH NO RACE DISTINTION)
...ALLOWING COMPANIES TO RAPE THE AMERICAN PEOPLE AND AT THE SAME TIME NO CONSIDERATION FOR 'JOE AMERICA' WHEN HE'S HAVING A HARD TIME.
...WE SHOULD NEVER, EVER, BAILOUT WALL STREET... IT'S A GAMBLE... THEY LIKED IT WHEN THE $$$ WAS ROLLING IN'... NOW THEY ARE LOOSING THEIR SHIRTS... TO BAD... MOST AMERICANS ARE LOOSING THEIR HOMES!!!!

EVERYONE SHOULD WATCH THE HBO MINI-SERIES "JOHN ADAMS"... IN ORDER TO UNDERSTAND EXACTLY WHAT OUR FORE FATHERS FOUGHT & DIED FOR!!!! EDUCATE YOURSELVES!!!!!!!!!!!!!!!!!!!!!!!!!!!

ENOUGH WITH KINDERGARTEN ANTICS!!!!!!....

.... ANYONE IN PUBLIC OFFICE SHOULD BE HELD ACCOUNTABLE TO THE FULLEST EXTENT OF THE LAW.... PERIOD!!! REGARDLESS OF PARTY AFFILIATIONS.

SAY WHAT YOU WANT... BUT THE CONSERVATIVES HELD THE WHITE HOUSE FOR 12 YRS.... AND LEFT A HUGE MESS...

WHEN CLINTON CAME IN (WHETHER YOU LIKE HIM OR NOT) ... EVERYBODY... MADE OUT MUCH BETTER...

NOT ONLY DID CLINTON&GORE CLEAN UP THE 12YR MESS... BUT WHEN THEY LEFT OFFICE ... OUR ECONOMY WAS SOLID!!!!

LOTS OF JOBS, HOMES & COLLEGE EDUCATION...NOT TO MENTION A HUGE SURPLUS & A 50YR CUSHION FOR SOCIAL SECURITY...

IN CONTRAST .... WITHIN NO TIME... THE BUSH/CHENEY ADMIN...HAS EMPTIED THE PIGGY BANK, USED SCARE TACTICS TO TRICK US INTO THIS WAR (COSTING TRILLIONS!)AND PUT AMERICA ON THE 'BLOCK' SELLING HER PIECE BY PIECE!

... ALLOWED ENERGY GIANTS & LOBBYISTS TO REGULATE ENERGY POLICY
... ALLOWED FLAGRANT BUSINESS PRACTICES WHILE PROTECTING THESE CORP CROOKS
... SHIPPED OUR JOBS OVERSEAS ... WITHOUT RESERVING OR REPLACING THOSE JOBS FOR AMERICANS (AND PAYING SUBSIDIES TO COMPANIES TO DO IT)
... ERODING OUR CONSTITUTIONAL RIGHTS IN ORDER TO EXPAND SO CALLED 'EXECUTIVE PRIVILEDGE'... THEY WORK FOR US!!!!!!!!
..VAMPING HOMELAND SECURITY IS AN EXCUSE TO MONITOR AMERICAN CITIZENS WITH THIS 'RFID 2005'
... NO CHILD LEFT BEHIND IS A JOKE ($BILLIONS TAKEN AWAY FROM EDUCATION!!!) AND THEY HAVE INSTITUTED THE 'CERTIFICATE OF COMPLETEION' .. WHICH HAS NO EDUCATIONAL VALUE LIKE A DIPLOMA OR GED...THIS CERTIFICATE IS CREATING A NEW BREED OF SLAVES (WITH NO RACE DISTINCTION)
...ALLOWING COMPANIES TO RAPE THE AMERICAN PEOPLE AND AT THE SAME TIME NO CONSIDERATION FOR 'JOE AMERICA' WHEN HE'S HAVING A HARD TIME.
...WE SHOULD NEVER, EVER, BAILOUT WALL STREET... IT'S A GAMBLE... THEY LIKED IT WHEN THE $$$ WAS ROLLING IN'... NOW THEY ARE LOOSING THEIR SHIRTS... TO BAD... MOST AMERICANS ARE LOOSING THEIR HOMES & JOBS!

EVERYONE SHOULD WATCH THE HBO MINI-SERIES "JOHN ADAMS"... IN ORDER TO UNDERSTAND EXACTLY WHAT OUR FORE FATHERS FOUGHT & DIED FOR!!!! EDUCATE YOURSELVES!!!!!!!!!!!!!!!!!!!!!!!!!!!

Educate yourself.

The reason the economy went to hell is because of President Clinton. He ratified the Community Revitilization Act in 1995 forcing large companies to provide more mortgage loans to lower income communities.

President Elect was the lead attorney, prior to becoming a senator, in suing Citigroup for not lending enough money to people who normally wouldnt qualify for a loan.

Then, now that all of these large companies are forced to lend money they might not get back, the FASB modified statement 157 forcing banks to give mark to market values on these bonds that Fannie Mae was providing to but these bad loans. The bonds have no value. so all banks are forced to report values that are 0.

AIG reported to congress that it had more than enough cash to meet its customer needs. They also had billions of dollars in these goverment back bonds sold to them by Fannie Mae that they had no intentions of selling. But because of the value system put in place by the FASB and review by, you guessed it, the SEC, AIG was forced to declare bankruptcy even though they were having no financial traoubles at all.

So the goverment forced banks to loan money to people who couldnt pay. Then let Fannie Mae give government backed bonds to cover the loans. Then the SEC puts an act in place to value the banks at 0 because of these bonds.

The SEC chairman should be fired. Statement 157 is being changed and they have been given 90 days to fix it after the bail out packge was approved. They also put a 90 holding period on the bail out package. Seem a little too incoincidental to me.