McCain wants to fire Chris Cox, the chairman of the SEC, because he didn't head off the current economic crisis. There are a lot of reasons to denigrate Cox. He was the Congressman for the district next to mine for a couple of decades. He's either as dumb as a fence post or willing to do exactly what Republican political leaders ask of him. I don't know which, he doesn't come over to my house for dinner. It doesn't matter. It's the same result.
The whole point of his appointment was so that there would never be any oversight of Wall Street. If you want to fire him, you have to fire all of the Republican appointed lackeys whose job 1 is to aid and abet the corporate thieves and gangsters.