Sex and the SEC

Written By Brian Hicks

Posted April 23, 2010

 

porn

 

And you wonder why they never caught Bernie Madoff….

From the NYDailyNews.com by Leo Standora entitled: While economy crumbled, top financial watchdogs at SEC surfed for porn on Internet: memo

“At the SEC, all they thought about was SEX.

The country’s top financial watchdogs turned out to be horndogs who spent hours gawking at porn Web sites as the economy teetered on the brink, according to a memo released Thursday night.

The report was written by SEC Inspector General David Kotz in response to a request from Sen. Charles Grassley (R-Iowa).

Among the startling findings:

  • A senior attorney at the SEC’s Washington headquarters spent up to eight hours a day looking at and downloading pornography. When his government computer ran out of hard drive space, he burned the files to CDs or DVDs. He later agreed to resign.

  • An accountant was blocked more than 16,000 times in a single month from visiting “sex” or “pornography” sites, but still managed to amass a collection of “very graphic” material by using Google to bypass the SEC’s internal filter. He wound up with a 2-week suspension.

  • Seventeen of the randy employees were “at a senior level” earning salaries of up to $222,418.

California Rep. Darrell Issa, the top Republican on the House Committee on Oversight and Government Reform, said it was “disturbing that high-ranking officials within the SEC were spending more time looking at porn than taking action to help stave off the events that put our nation’s economy on the brink of collapse.” An SEC spokesman declined to comment last night.”

 

The keystone cops strike again.

And some people wonder why the majority of Americans don’t trust the government.

Related Articles:

The No Spin Zone: Bill Black Calls BS

Goldman Sachs and the Ghost of Ferdinand Pecora

Epic Fail: Brooksley Born Demolishes Alan Greenspan

Matt Taibbi: Goldman is “Re-creating the conditions for another crash”

To learn more about Wealth Daily click here

Angel Pub Investor Club Discord - Chat Now

Brian Hicks Premium

Introductory