Follow this link to the  column by George Will that RichardH sent me.

George Will is quoting a Wall Street Journal editorial that castigates McCain for attacking the SEC Chairman.

The problem is that the Wall Street Journal (and all the main stream media) got it wrong.

If you just see the sound bite of McCain attacking Cox, you think it is baseless.  If you manage to read John McCain’s complete remarks, you find out that he nailed Cox for exactly the right reasons.

Follow this link to see an article that quotes all of McCain’s remarks and still gets it wrong.

The following are the comments that John McCain made that are exactly right.

The primary regulator of Wall Street, the Securities and Exchange Commission (SEC) kept in place trading rules that let speculators and hedge funds turn our markets into a casino. They allowed naked short selling — which simply means that you can sell stock without ever owning it. They eliminated last year the uptick rule that has protected investors for 70 years. Speculators pounded the shares of even good companies into the ground.

Follow this link to see my comment on the article from which the quote above was taken.

Follow this link to my earlier post about the uptick rule.