"McCain suggests NY AG Cuomo as SEC chairman, even though he has no power to fire Cox."
Last week, Sen. John McCain (R-AZ) said that if he were president, he would fire SEC chairman Christopher Cox — a plan that is unconstitutional. “By the way, technically he can’t be quote, fired,” McCain said tonight. “But I’ll tell you, when I’m president, if I want somebody to resign, they resign.” Watch it:
McCain also said that he would like to replace Cox with New York Attorney General Andrew Cuomo. However, in a statement from Cuomo’s spokesperson Alex Detrick, the Attorney General was non-commital: “It would inappropriate to comment in light of our ongoing investigations of short selling during the markets turmoil last week, as well as other market investigations we are currently conducting in conjuction with the SEC.”