If I Only Had Better People Working For Me

SEC Chairman Christopher Cox

SEC Chairman Christopher Cox says SEC failed to probe Madoff
Full story at: http://news.yahoo.com/s/ap/20081217/ap_on_bi_ge/madoff_scandal/print

Soap Box Ravings wonders if the Securities Exchange Commission (SEC) is capable of examining themselves. While Chairman Cox was not in charge of the SEC ten years ago many other present agency members have been in it's employ during this entire period.

Soap Box Ravings notes that while many think Chairman Cox is an honorable man, he may be in the same position as a naval commanding officer who unknowingly takes over a naval ship with a misguided and motley crew. Three years later when the ship hits a reef while under the skippers command, his career is finished. After three years at the helm, Chairman Cox should have had a better handle on his command.

Soap Box Ravings believes that Chairman Cox should resign so that a new chairman can be appointed to clean out the SEC in a proper fashion. Criminal proceedings may be required regarding those who were derelict in their duties.

The SEC should not be in charge of their own housecleaning.