It's time for all to focus on SEC Chairman Christopher Cox!

Back on November 23rd, I wrote that we need the SEC to reinstate the "Uptick Rule" to prevent those who short the market and stocks to do so at this time which will exacerbate the problems. It is in part why Citigroup stock fell so sharply and why it was bailed out a week or so ago. The quote back then was, "One of the reasons Citi finds itself in this situation is the loss in their stock value at $3.94. One thing which would help is if the SEC re-instituted its Uptick rule to prevent continued shorting of the stock by speculators. It was the worst decision in SEC recent history to abandon the rule. Many have called for the head of Christopher Cox, head of the SEC and a Bush appointment. It seems too late for that but Cox could reinstitute the Uptick rule and help minimize a further slide in the share price. I just don't have any confidence in him doing that. It would be admitting he made a mistake and that is something the Bush Administration will not consider."

Well it is time for all to put the light back on SEC Chairman Cox, because what he is doing by not re-instituting the Uptick Rule is to give favored interest (he worked for the international law firm of Latham and Watkins) where the law firm defended many Hedge Fund cronies. The Hedge Funds are getting their payback and favored interest, as long as the Uptick Rule has been made void. Hedge Funds are not regulated and they like it that way and use firms like Latham and Watkins to help keep it that way. So let's all write to our Congressional leaders and local newspapers calling for Cox's head and possible indictment. He was appointed by President Bush and is in his final days in this Administration but one could argue what he has done is criminal and minimally requires more investigations by Congress.

You see my friends these people can take the markets down further below to 7,000 at any moment and they will clean up with your Retirement accounts going lower in value. This rule needs to be put back in play as soon as possible. Wake up to Chairman Cox and do some research on his background and see who are his special interest buddies. He most likely will return to work for this Hedge Fund firm in 60 days. Putting him in as SEC Chairman was like putting the fox in charge of the hen house or putting Chemical company management, Mining executives and other toxic producers in charge of the EPA.