Comments on: SEC Chair Asked If He Deserves Blame For Wall Street Crisis: ‘Absolutely Not,’ It ‘Wasn’t The SEC’s Job’ http://thinkprogress.org/2008/12/24/sec-chair-asked-if-he-deserves-blame-for-wall-street-crisis-absolutely-not-it-wasnt-the-secs-job/ Fri, 27 Nov 2009 00:51:44 -0500 http://wordpress.org/?v=2.8.5 hourly 1 By: kasinca http://thinkprogress.org/2008/12/24/sec-chair-asked-if-he-deserves-blame-for-wall-street-crisis-absolutely-not-it-wasnt-the-secs-job/comment-page-1/#comment-5395764 kasinca Thu, 25 Dec 2008 03:43:01 +0000 http://thinkprogress.org/2008/12/24/sec-chair-asked-if-he-deserves-blame-for-wall-street-crisis-absolutely-not-it-wasnt-the-secs-job/#comment-5395764 Christopher Cox was put in this position to allow deregulation to fester. He is a reichwingnut tool from Newport Beach, Orange, County, CA and could only have one goal and that would be for the fascist corporate thugs to control the money. Christopher Cox was put in this position to allow deregulation to fester. He is a reichwingnut tool from Newport Beach, Orange, County, CA and could only have one goal and that would be for the fascist corporate thugs to control the money.

]]> By: timeforchange22 http://thinkprogress.org/2008/12/24/sec-chair-asked-if-he-deserves-blame-for-wall-street-crisis-absolutely-not-it-wasnt-the-secs-job/comment-page-1/#comment-5395702 timeforchange22 Thu, 25 Dec 2008 00:11:55 +0000 http://thinkprogress.org/2008/12/24/sec-chair-asked-if-he-deserves-blame-for-wall-street-crisis-absolutely-not-it-wasnt-the-secs-job/#comment-5395702 It is maddening. I agree that when you get the foxes guarding the chicken coop, we can't be surprised when all the chickens get slaughtered. No relief is coming from this admon, but hopefully criminal charges, I hope, will come from the enw one. Meanwhile, with a new year coming and no relief in site, we can laugh our way to the poor house with these lighter takes on the economic mess; a <a href="http://tv1.com/playlists/104" rel="nofollow">"Never too broke to joke" web video playlist</a>. It is maddening. I agree that when you get the foxes guarding the chicken coop, we can’t be surprised when all the chickens get slaughtered. No relief is coming from this admon, but hopefully criminal charges, I hope, will come from the enw one. Meanwhile, with a new year coming and no relief in site, we can laugh our way to the poor house with these lighter takes on the economic mess; a “Never too broke to joke” web video playlist.

]]> By: dbearton http://thinkprogress.org/2008/12/24/sec-chair-asked-if-he-deserves-blame-for-wall-street-crisis-absolutely-not-it-wasnt-the-secs-job/comment-page-1/#comment-5395694 dbearton Wed, 24 Dec 2008 23:32:50 +0000 http://thinkprogress.org/2008/12/24/sec-chair-asked-if-he-deserves-blame-for-wall-street-crisis-absolutely-not-it-wasnt-the-secs-job/#comment-5395694 Why his job is to let the fox in the henhouse. Put him in jail, where he belongs. Why his job is to let the fox in the henhouse. Put him in jail, where he belongs.

]]> By: dixie blood http://thinkprogress.org/2008/12/24/sec-chair-asked-if-he-deserves-blame-for-wall-street-crisis-absolutely-not-it-wasnt-the-secs-job/comment-page-1/#comment-5395648 dixie blood Wed, 24 Dec 2008 22:10:54 +0000 http://thinkprogress.org/2008/12/24/sec-chair-asked-if-he-deserves-blame-for-wall-street-crisis-absolutely-not-it-wasnt-the-secs-job/#comment-5395648 While I believe this RePugniScum from the reich-wing Orange County, CA political machine is a complete tool of his fascist, corporate masters he did support the Internet Tax Freedom Act. <b>That's the only good thang I can find about this sellout, traitor, middle class hatin', crony a$$, crackera$$, peckerwood that loves the Rich, RePugniScums, Hating Others, Jebus and the USA in that order!</b> While I believe this RePugniScum from the reich-wing Orange County, CA political machine is a complete tool of his fascist, corporate masters he did support the Internet Tax Freedom Act.

That’s the only good thang I can find about this sellout, traitor, middle class hatin’, crony a$$, crackera$$, peckerwood that loves the Rich, RePugniScums, Hating Others, Jebus and the USA in that order!

]]> By: pete http://thinkprogress.org/2008/12/24/sec-chair-asked-if-he-deserves-blame-for-wall-street-crisis-absolutely-not-it-wasnt-the-secs-job/comment-page-1/#comment-5395646 pete Wed, 24 Dec 2008 22:05:12 +0000 http://thinkprogress.org/2008/12/24/sec-chair-asked-if-he-deserves-blame-for-wall-street-crisis-absolutely-not-it-wasnt-the-secs-job/#comment-5395646 If someone fails to do their job, even if it's a way to further a nefarious scheme, it still falls under the broad heading of "incompetence". On a related topic: Have any of the Reichwhiners who blamed the housing collapse on "<em>greedy people who unwisely bought homes they couldn't afford</em>" come out to blame the victims of Madoff's Ponzi scheme for "<em>greedily investing in something to good to be true</em>"? Seriously, if I see someone guaranteeing a ridiculously high rate of return, a great big red light flashes in my head. But, I haven't heard a word of blame being directed at those who were greedy enough become victims. If someone fails to do their job, even if it’s a way to further a nefarious scheme, it still falls under the broad heading of “incompetence”.

On a related topic:

Have any of the Reichwhiners who blamed the housing collapse on “greedy people who unwisely bought homes they couldn’t afford” come out to blame the victims of Madoff’s Ponzi scheme for “greedily investing in something to good to be true“?

Seriously, if I see someone guaranteeing a ridiculously high rate of return, a great big red light flashes in my head. But, I haven’t heard a word of blame being directed at those who were greedy enough become victims.

]]> By: wiley http://thinkprogress.org/2008/12/24/sec-chair-asked-if-he-deserves-blame-for-wall-street-crisis-absolutely-not-it-wasnt-the-secs-job/comment-page-1/#comment-5395618 wiley Wed, 24 Dec 2008 20:43:03 +0000 http://thinkprogress.org/2008/12/24/sec-chair-asked-if-he-deserves-blame-for-wall-street-crisis-absolutely-not-it-wasnt-the-secs-job/#comment-5395618 That's not their job. In fact, laissez faire capitalism is so efficient and self-regulating that they have to resort to surfing porn on the internet and running private businesses from their SEC offices to look busy. That’s not their job. In fact, laissez faire capitalism is so efficient and self-regulating that they have to resort to surfing porn on the internet and running private businesses from their SEC offices to look busy.

]]> By: christopher wiwi http://thinkprogress.org/2008/12/24/sec-chair-asked-if-he-deserves-blame-for-wall-street-crisis-absolutely-not-it-wasnt-the-secs-job/comment-page-1/#comment-5395562 christopher wiwi Wed, 24 Dec 2008 19:39:19 +0000 http://thinkprogress.org/2008/12/24/sec-chair-asked-if-he-deserves-blame-for-wall-street-crisis-absolutely-not-it-wasnt-the-secs-job/#comment-5395562 He is just another Reich Wing enabler,that want`s this country in third world condition so they can keep experimenting with free trade and free market economy and to get it right at any cost to us and the world, I say kill all of the NEOCONS and keep the liberal (ACLU) lawyers. He is just another Reich Wing enabler,that want`s this country in third world condition so they can keep experimenting with free trade and free market economy and to get it right at any cost to us and the world, I say kill all of the NEOCONS and keep the liberal (ACLU) lawyers.

]]> By: Perry logan http://thinkprogress.org/2008/12/24/sec-chair-asked-if-he-deserves-blame-for-wall-street-crisis-absolutely-not-it-wasnt-the-secs-job/comment-page-1/#comment-5395482 Perry logan Wed, 24 Dec 2008 18:38:31 +0000 http://thinkprogress.org/2008/12/24/sec-chair-asked-if-he-deserves-blame-for-wall-street-crisis-absolutely-not-it-wasnt-the-secs-job/#comment-5395482 I've said it before and I'll say it again. The portion of the brain that governs self-criticism is missing in wingers. I’ve said it before and I’ll say it again. The portion of the brain that governs self-criticism is missing in wingers.

]]> By: Gregor Samsa http://thinkprogress.org/2008/12/24/sec-chair-asked-if-he-deserves-blame-for-wall-street-crisis-absolutely-not-it-wasnt-the-secs-job/comment-page-1/#comment-5395464 Gregor Samsa Wed, 24 Dec 2008 18:30:52 +0000 http://thinkprogress.org/2008/12/24/sec-chair-asked-if-he-deserves-blame-for-wall-street-crisis-absolutely-not-it-wasnt-the-secs-job/#comment-5395464 <i>My job is not to do my job. That's what I was appointed for. All hail the free markets.</i> ~Christopher Cox My job is not to do my job. That’s what I was appointed for. All hail the free markets.
~Christopher Cox

]]> By: Jackie http://thinkprogress.org/2008/12/24/sec-chair-asked-if-he-deserves-blame-for-wall-street-crisis-absolutely-not-it-wasnt-the-secs-job/comment-page-1/#comment-5395458 Jackie Wed, 24 Dec 2008 18:23:36 +0000 http://thinkprogress.org/2008/12/24/sec-chair-asked-if-he-deserves-blame-for-wall-street-crisis-absolutely-not-it-wasnt-the-secs-job/#comment-5395458 Cox was appointed to turn a blind eye and make sure the missiion was completed. Bush will give him a metal for his successful work. Look at how many appointees who weren't qualified for the job were appointed. Porter Goss headed the CIA and didn't know how to use a computer and openly said he didn't know anything about the job Bush appointed him to. Cox was appointed to turn a blind eye and make sure the missiion was completed. Bush will give him a metal for his successful work. Look at how many appointees who weren’t qualified for the job were appointed. Porter Goss headed the CIA and didn’t know how to use a computer and openly said he didn’t know anything about the job Bush appointed him to.

]]> By: curious http://thinkprogress.org/2008/12/24/sec-chair-asked-if-he-deserves-blame-for-wall-street-crisis-absolutely-not-it-wasnt-the-secs-job/comment-page-1/#comment-5395420 curious Wed, 24 Dec 2008 17:56:04 +0000 http://thinkprogress.org/2008/12/24/sec-chair-asked-if-he-deserves-blame-for-wall-street-crisis-absolutely-not-it-wasnt-the-secs-job/#comment-5395420 If the mandate of the SEC is to protect investors, then I cannot see how Cox can say it is not the job of the SEC. Then what is? How has the SEC allowed all of this to happen without knowing or trying to stop it? The SEC does bear some of the responsibility for not being a watch dog. None of these agencies have done their jobs. None. If the mandate of the SEC is to protect investors, then I cannot see how Cox can say it is not the job of the SEC.

Then what is? How has the SEC allowed all of this to happen without knowing or trying to stop it? The SEC does bear some of the responsibility for not being a watch dog. None of these agencies have done their jobs. None.

]]> By: 49erDem http://thinkprogress.org/2008/12/24/sec-chair-asked-if-he-deserves-blame-for-wall-street-crisis-absolutely-not-it-wasnt-the-secs-job/comment-page-1/#comment-5395392 49erDem Wed, 24 Dec 2008 17:31:13 +0000 http://thinkprogress.org/2008/12/24/sec-chair-asked-if-he-deserves-blame-for-wall-street-crisis-absolutely-not-it-wasnt-the-secs-job/#comment-5395392 Can anyone think of any neoconservative associated with the Bush administration who has taken responsibility for anything? Cheney DID just admit that he was the guiding force behind the new torture regimin. The media was more interested in a murdered toddler and a crooked governor. Can anyone think of any neoconservative associated with the Bush administration who has taken responsibility for anything? Cheney DID just admit that he was the guiding force behind the new torture regimin. The media was more interested in a murdered toddler and a crooked governor.

]]> By: Dirty Hippie http://thinkprogress.org/2008/12/24/sec-chair-asked-if-he-deserves-blame-for-wall-street-crisis-absolutely-not-it-wasnt-the-secs-job/comment-page-1/#comment-5395386 Dirty Hippie Wed, 24 Dec 2008 17:29:19 +0000 http://thinkprogress.org/2008/12/24/sec-chair-asked-if-he-deserves-blame-for-wall-street-crisis-absolutely-not-it-wasnt-the-secs-job/#comment-5395386 A fish rots from the head down, Chris. Hell is not warm enough for this stupid tool. A fish rots from the head down, Chris.

Hell is not warm enough for this stupid tool.

]]> By: tarazan http://thinkprogress.org/2008/12/24/sec-chair-asked-if-he-deserves-blame-for-wall-street-crisis-absolutely-not-it-wasnt-the-secs-job/comment-page-1/#comment-5395368 tarazan Wed, 24 Dec 2008 17:00:05 +0000 http://thinkprogress.org/2008/12/24/sec-chair-asked-if-he-deserves-blame-for-wall-street-crisis-absolutely-not-it-wasnt-the-secs-job/#comment-5395368 If it is not SEC and Cox responsibility , then whose responsibility is it? The 50 billion dollar Ponzy scheme is not a little problem. It is a monstrous one that went also for so many years undetected. Cox need to look in the mirror,and stop trying to be evasive. He knows that he should have done his job better..and if he does not believe that..then he should not have been in charge of this responsible agency to begin with. If it is not SEC and Cox responsibility , then whose responsibility is it?
The 50 billion dollar Ponzy scheme is not a little problem.
It is a monstrous one that went also for so many years undetected.
Cox need to look in the mirror,and stop trying to be evasive.
He knows that he should have done his job better..and if he does not believe that..then he should not have been in charge of this responsible agency to begin with.

]]> By: ElBruce http://thinkprogress.org/2008/12/24/sec-chair-asked-if-he-deserves-blame-for-wall-street-crisis-absolutely-not-it-wasnt-the-secs-job/comment-page-1/#comment-5395366 ElBruce Wed, 24 Dec 2008 16:58:56 +0000 http://thinkprogress.org/2008/12/24/sec-chair-asked-if-he-deserves-blame-for-wall-street-crisis-absolutely-not-it-wasnt-the-secs-job/#comment-5395366 He's absolutely right: the public doesn't understand. I also don't understand what he thinks the SEC's job <em>is</em>. Wearing fancy double-breasted suits and prancing about trying to look important? That's the best guess I got. You know, I seem to recall him doing the "not my job" dance a few months ago as well. Seems to be a pretty common refrain from the SEC. We should make their claim a reality, by giving them not a job. He’s absolutely right: the public doesn’t understand. I also don’t understand what he thinks the SEC’s job is. Wearing fancy double-breasted suits and prancing about trying to look important? That’s the best guess I got.

You know, I seem to recall him doing the “not my job” dance a few months ago as well. Seems to be a pretty common refrain from the SEC. We should make their claim a reality, by giving them not a job.

]]> By: BearCountry http://thinkprogress.org/2008/12/24/sec-chair-asked-if-he-deserves-blame-for-wall-street-crisis-absolutely-not-it-wasnt-the-secs-job/comment-page-1/#comment-5395346 BearCountry Wed, 24 Dec 2008 16:49:22 +0000 http://thinkprogress.org/2008/12/24/sec-chair-asked-if-he-deserves-blame-for-wall-street-crisis-absolutely-not-it-wasnt-the-secs-job/#comment-5395346 I am constantly amazed at the posts that say that w and his admin were incompetent and stupid. Look at it realistically: w got everything that he wanted. He wanted to drive the government into bankruptcy, he wanted to enrich his have and have-more base, he wanted to pack the SCOTUS with as many wingers as he could, he wanted to break the military so that mercenaries became a real alternative, and he wanted to destabilize the world as much as possible to allow for unending war. I could even add to that list, but you see where I'm going. I would say that his eight years really did make his administration reach MISSION ACCOMPLISHED. I am constantly amazed at the posts that say that w and his admin were incompetent and stupid. Look at it realistically: w got everything that he wanted. He wanted to drive the government into bankruptcy, he wanted to enrich his have and have-more base, he wanted to pack the SCOTUS with as many wingers as he could, he wanted to break the military so that mercenaries became a real alternative, and he wanted to destabilize the world as much as possible to allow for unending war. I could even add to that list, but you see where I’m going. I would say that his eight years really did make his administration reach MISSION ACCOMPLISHED.

]]> By: Bilbo Hussein Baggins http://thinkprogress.org/2008/12/24/sec-chair-asked-if-he-deserves-blame-for-wall-street-crisis-absolutely-not-it-wasnt-the-secs-job/comment-page-1/#comment-5395342 Bilbo Hussein Baggins Wed, 24 Dec 2008 16:43:52 +0000 http://thinkprogress.org/2008/12/24/sec-chair-asked-if-he-deserves-blame-for-wall-street-crisis-absolutely-not-it-wasnt-the-secs-job/#comment-5395342 <em>Dr. Hussein Matt Says: The only problem with McGrampa’s rant is that the president cannot fire the SEC chair.</em> Who can fire him? Dr. Hussein Matt Says:
The only problem with McGrampa’s rant is that the president cannot fire the SEC chair.

Who can fire him?

]]> By: Bilbo Hussein Baggins http://thinkprogress.org/2008/12/24/sec-chair-asked-if-he-deserves-blame-for-wall-street-crisis-absolutely-not-it-wasnt-the-secs-job/comment-page-1/#comment-5395340 Bilbo Hussein Baggins Wed, 24 Dec 2008 16:40:43 +0000 http://thinkprogress.org/2008/12/24/sec-chair-asked-if-he-deserves-blame-for-wall-street-crisis-absolutely-not-it-wasnt-the-secs-job/#comment-5395340 Well, he sure did a good job at "protecting investors" didn't he? Is there a Republican on this planet who can take responsibility for their actions? Being a hypocrite is number one on the list of qualifications to be a Republican, number 2 is a total inability to take responsibility for your actions. Well, he sure did a good job at “protecting investors” didn’t he? Is there a Republican on this planet who can take responsibility for their actions? Being a hypocrite is number one on the list of qualifications to be a Republican, number 2 is a total inability to take responsibility for your actions.

]]> By: DNFP http://thinkprogress.org/2008/12/24/sec-chair-asked-if-he-deserves-blame-for-wall-street-crisis-absolutely-not-it-wasnt-the-secs-job/comment-page-1/#comment-5395322 DNFP Wed, 24 Dec 2008 16:17:57 +0000 http://thinkprogress.org/2008/12/24/sec-chair-asked-if-he-deserves-blame-for-wall-street-crisis-absolutely-not-it-wasnt-the-secs-job/#comment-5395322 <em>Somewhere, John McCain is smiling and saying “I told you this guy had to go!” </em> Was that before or after he stated the following regarding his reprimand by the Senate Ethics Committee regarding the Keating 5: "It's a wrong appearance when a group of senators appear in a meeting with a group of regulators, because it conveys the impression of undue and improper influence. And it was the wrong thing to do." Somewhere, John McCain is smiling and saying “I told you this guy had to go!”

Was that before or after he stated the following regarding his reprimand by the Senate Ethics Committee regarding the Keating 5: “It’s a wrong appearance when a group of senators appear in a meeting with a group of regulators, because it conveys the impression of undue and improper influence. And it was the wrong thing to do.”

]]> By: DNFP http://thinkprogress.org/2008/12/24/sec-chair-asked-if-he-deserves-blame-for-wall-street-crisis-absolutely-not-it-wasnt-the-secs-job/comment-page-1/#comment-5395314 DNFP Wed, 24 Dec 2008 16:11:36 +0000 http://thinkprogress.org/2008/12/24/sec-chair-asked-if-he-deserves-blame-for-wall-street-crisis-absolutely-not-it-wasnt-the-secs-job/#comment-5395314 Wingnut M.O. regarding accountability: "IT'S NOT MY FAULT! WHERE'S MY PROMOTION AND RAISE DAMNIT?" I'm still waiting for somebody, hell anybody from Shrub's retarded cabinet to apologize for fcuking up on 9/11 so dearly... Not on a Repukes watch, no way in hell. Wingnut M.O. regarding accountability:

“IT’S NOT MY FAULT! WHERE’S MY PROMOTION AND RAISE DAMNIT?”

I’m still waiting for somebody, hell anybody from Shrub’s retarded cabinet to apologize for fcuking up on 9/11 so dearly…

Not on a Repukes watch, no way in hell.

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