Quicken -- Banking Committee Chairman to SEC's Pitt: Step Down

At Pitt's urging the SEC voted 3-2 to appoint former Central Intelligence Agency director William Webster, 78, as chairman of a five-member Public Corporation Accounting Oversight Board.

Sarbanes and House Financial Services Committee ranking Democrat Barney Frank of Massachusetts, said Webster has no experience in accounting.

Sarbines had not been one of those calling for Pitt to step down - until now.