Chris Cox And The SEC Back In The Spotlight
Admit it. There's some part of you that wonders whether or not Chris Cox's anti-naked shorting emergency order wasn't an attempt to prove that he and his agency were not an irrelevant or superfluous sideshow to the Ben Bernanke-Hank Paulson big tent. His agency was in danger of being written out of the regulatory schema being promoted by Paulson and, less publicly, by Bernanke. Yesterday he showed the markets and lawmakers that the SEC still has some muscles to flex.