SEC Chair Appointee

President Bush has nominated Rep. Chris Cox (R-CA) to head the Securities and Exchange Commission to replace resigning William Donaldson (link: http://abcnews.go.com/Business/wireStory?id=816229). My prediction: the Senate will give him quite a few tough questions (the Senate is not much enamored with the Republican House and many Democrats believe that President Bush is too chummy with big business) but, barring unexpected problems with his testimony, he will be confirmed (after the judical deal and the postponement on Bolton's nomination, the Democrats would be leaving moderate Republicans like John McCain "hung out to dry" if they fight overly vigorously).