Thursday, April 22, 2010

No Wonder SEC Needs More Authority To Regulate Financial Markets

No Wonder SEC Needs More Authority To Regulate Financial Markets

Clearly, they lacked the regulatory authority required to do their job, and were reduced to this:
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 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.

The staffers' behavior violated government-wide ethics rules, it says.


  1. I am aware of people in COUNTY government losing their jobs over these offenses against purity. These people had been promoted twice when discovered and their compensation was a fraction of the senior level salaries your post mentions.

    Would offender reimbursement of the taxpayers be too much to ask? This behavior is also theft and fraud. Please excuse me for my lack of nuance.

    Money won't help the rest of us, however, as these behaviors, disorders, addictions betray the trust government needs to be of service to the citizens.

    Thanks, Clayton.

  2. I just read your comment guidelines. This is me putting down my drink, fishing out my keys and letting showing myself out.

    Thanks again.

  3. 8 hours a day. Did he work 4-10s?
    I bet he had a HARD day. (My dinner parties might be less formal?)

    I work in a business that requires I access Playboy and other Adult web sites, since they have affiliate links in them. My company doesn't care, I can not access them. I must do it on my home computer. Easy things for the IT team to do to block access.