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Thread: SEC employees surfed porn as economy fell

  1. #1
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    Angry SEC employees surfed porn as economy fell

    Sons of bitches!!!!!!!!!!!

    WASHINGTON - Senior staffers at the Securities and Exchange Commission spent hours surfing pornographic websites on government-issued computers while they were being paid to police the financial system, an agency watchdog says.
    The SEC's inspector general conducted 33 probes of employees looking at explicit images in the past five years, according to a memo obtained late Thursday by The Associated Press.
    The memo says 31 of those probes occurred in the 2 1/2 years since the financial system teetered and nearly crashed.

    It was written by SEC Inspector General David Kotz in response to a request from Sen. Charles Grassley, R-Iowa.
    The memo was first reported Thursday evening by ABC News. It summarizes findings of past inspector general probes and reports some shocking findings:
    • <LI class=textBodyBlack itxtvisited="1">A senior attorney at the SEC's Washington headquarters spent up to eight hours a day looking at and downloading pornography. When he ran out of hard drive space, he burned the files to CDs or DVDs, which he kept in boxes around his office. He agreed to resign, an earlier watchdog report said. <LI class=textBodyBlack itxtvisited="1">An accountant was blocked more than 16,000 times in a month from visiting websites classified as "Sex" or "Pornography." Yet, he still managed to amass a collection of "very graphic" material on his hard drive by using Google images to bypass the SEC's internal filter, according to an earlier report from the inspector general. The accountant refused to testify in his defense and received a 14-day suspension. <LI class=textBodyBlack itxtvisited="1">Seventeen of the employees were "at a senior level," earning salaries of up to $222,418.
    • The number of cases jumped from two in 2007 to 16 in 2008. The cracks in the financial system emerged in mid-2007 and spread into full-blown panic by the fall of 2008.

    CONTINUED: SEC employees surfed porn as economy fell - Stocks & economy- msnbc.com
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    Re: SEC employees surfed porn as economy fell

    Eh. Not surprising. Ever since Clinton took office, the SEC has kind of been a joke.

    Clinton cut funding and Bush reoriented their purpose. Given how badly the SEC was understaffed, it's not that surprising that Madoff was able to do what he did. This is just another symptom of regulators asleep at the wheel.
    "If your opponent is of choleric temperament, seek to irritate him." - Sun Tzu

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    Re: SEC employees surfed porn as economy fell

    Quote Originally Posted by obvious Child View Post
    Eh. Not surprising. Ever since Clinton took office, the SEC has kind of been a joke.

    Clinton cut funding and Bush reoriented their purpose. Given how badly the SEC was understaffed, it's not that surprising that Madoff was able to do what he did. This is just another symptom of regulators asleep at the wheel.
    Oh Jesus Christ. Yeah, let's blame Clinton for the SEC employee's behavior. That is so ridiculous, it's laughable.

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    Re: SEC employees surfed porn as economy fell

    Quote Originally Posted by aps View Post
    Oh Jesus Christ. Yeah, let's blame Clinton for the SEC employee's behavior. That is so ridiculous, it's laughable.
    He didn't, you're jumping to conclusions. He even said Bush reoriented their purpose and kept them understaffed. He was sincerely bipartisan in the blame and who caused what.

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    Re: SEC employees surfed porn as economy fell

    Quote Originally Posted by DarkWizard12 View Post
    He didn't, you're jumping to conclusions. He even said Bush reoriented their purpose and kept them understaffed. He was sincerely bipartisan in the blame and who caused what.
    Okay, you're right that he was bipartisan; however, I don't think one can put blame on either president when the SEC employees were not doing their job. One guy spent 8 hours a day looking at porn. Clearly HE was not doing his job.

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    Re: SEC employees surfed porn as economy fell

    I went to google how many people the SEC employs and I typed in SEX instead of SEC. Coincidence?

    3500 people working at the SEC. Somehow I doubt internet porn caused the recession.

    edit: If only 1% of my employees were knuckleheads I'd be thrilled.
    Last edited by Deuce; 04-23-10 at 10:28 AM.
    He touched her over her bra and underpants, she says, and guided her hand to touch him over his underwear
    Quote Originally Posted by Lutherf View Post
    We’ll say what? Something like “nothing happened” ... Yeah, we might say something like that.

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    Re: SEC employees surfed porn as economy fell

    The SEC did miserably fail to do its job, but I doubt porn watching was the cause. Any office is going to have a least a couple of fools watching porn on company time.

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    Re: SEC employees surfed porn as economy fell

    Utterly amazing. Well, not really. It is the government we're talking about. Those incompetents should be fired on the spot.

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    Re: SEC employees surfed porn as economy fell

    Many regulatory agencies became a joke under Bush.

    Interior Dept. scandal: Sex, drugs, energy deals probed at Denver office

    It was like every flakey frat-party-boy got a cushy government job under W. Now they're all well-payed lobbyists.

  10. #10
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    Re: SEC employees surfed porn as economy fell

    Did they climax the day it really got bad?

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