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In economic policy speech, McCain says ‘chairman of the FEC’ — not SEC — should resign.

By Satyam Khanna  

"In economic policy speech, McCain says ‘chairman of the FEC’ — not SEC — should resign."

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In his speech today on the crisis in the financial markets, Sen. John McCain (R-AZ) referred to the Federal Election Commission (FEC) when he was trying to refer to the Securities and Exchange Commission (SEC):

That’s why I believe that the chairman of the FEC should resign and leave office and be replaced.

Watch it:

McCain slightly amended his statement from yesterday, when he said he would “fire” SEC Chairman Christopher Cox. After it was reported that a “commissioner of an independent regulatory commission cannot be removed by the president,” McCain softened his demand and said he would request the chairman’s resignation.

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