SparkySantos

Unless Your Lawyer's a Pal o' Mine

In the opinion of this seasoned observer, always-smiling Christopher Cox should promptly resign.

IMO, during his tenure at the SEC, he's accomplished absolutely nothing!

Despite a surge in public awareness about how absurdly corrupt Wall St has become, and a huge outcry for a related cleanup; Cox has persistently sided with the greed-driven Bad Guys and denied that any problems existed.

If you want an example, consider the subject of naked shorting. For years Cox and his band of crooked cronies have insisted that naked shorting is not a problem, that companies claiming to be naked shorted into the ground are just trying to justify their failures, and that allegations of short selling dirtbags having influence over media reporting and SEC investigations are groundless.

But then when the shares of scum-sucking US-based financials become the target of precisely such evil activities, Uncle Christopher jumps into action, identifies an evil practice as if it's never happened before, and issues an Emergency Order that protects only his Bad Guy friends from “abusive” naked short selling.

What a Blithering Dunce you are Cox!!

And as for the SEC's handling of the Gary Aguirre-Pequot Capital Management-John J Mack matter; Cox should resign for being complicit in the SEC’s related in-house cover-up.

Anyone who watched the congressional testimony concerning this matter could see that the SEC's primary objective was to cover its filthy tracks, not to get to the bottom of what happened and to prevent a reoccurrence.

The only thing Cox, who had just been appointed SEC Chairman, seemed to care about was shielding SEC employees and the elitists they protect.

To conclude, in this reader’s opinion, Cox is an obviously-conflicted piece of human refuse; and he should do the US equity markets a huge favor and swiftly resign.

Sparky