The problem is that it's not even clear that the president can fire the chairman of the SEC — and even if he could, a lot of people aren't enamored with the sentiment anyway.

Says Bush: ‘Government intervention is not only warranted, it is essential.’

Heh. Naked short selling. Sounds like something a frat boy would do, right? Well … it sort of is. Read all about the SEC's bold move to crack down on market manipulators and more, in our daily roundup of finance, media, law, and real-estate news.