A Project of The Annenberg Public Policy Center

Can’t be Fired

We noticed John McCain saying today that he would fire the head of the Securities and Exchange Commission if he were president. But, fortunately for the SEC chairman, the president can’t fire him.

McCain (Sept. 18, Cedar Rapids, Iowa): The chairman of the SEC serves at the appointment of the president. And in my view has betrayed the public trust. If I were president today, I would fire him.

ABC News points out that “while the president nominates and the Senate confirms the SEC chair,