Roger L. Simon

Was McCain right on Chris Cox after all?

Remember the brouhaha at the “beginning” of the financial crisis when McCain said he would fire Christopher Cox from his position at the helm of the SEC, how everyone mocked McCain? Well, on this one at least, given the revelations of the Mad Madoff scandal, John may have been right.  It seems Cox’s SEC had been getting plenty of warning (for years) about the nefarious and nutsy Mr. Madoff and didn’t do anything. Does Cox deserve to survive this?   The bigger question – and it’s a scary one – is how many other Madoffs are out there waiting to be uncovered?