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