As Markets Crashed, the SEC Surfed Porn

 

Your hard earned tax dollars and government at work …

It is comical an absurd for government to even consider pointing the finger at private business when it comes to scandal, waste, fraud and abuse. The US Government is far an away the kings when it comes to fraud and abuse of the tax payers money.  Obama might want to point his finger at government first, before the watch guards are given more power. Who knew that SEC government financial “oversight” was a porn site? By the way who is going to monitor the monitors?

secWho knew the SEC actually meant SEX.

That is correct, as the markets crashed in 2008, top SEC officials watched porn on their government issued computers. At least was paying the fiddle when Rome burned, what say you SEC? No wonder the SEC could not police Wall Street, they were to busy surfing porn. Madoff Ponzi scheme be damned, the SEC was too busy checking out how their favorite porn site”made-off”.

sex-keyboard

Republicans are stepping up their criticism of the Securities and Exchange Commission following reports that senior agency staffers spent hours surfing pornographic websites on government-issued computers while they were supposed to be policing the nation’s financial system.

California Rep. Darrell Issa, the top Republican on the House Oversight and Government Reform Committee, 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.”

He said in a statement Thursday that SEC officials “were preoccupied with other distractions” when they should have been overseeing the growing problems in the financial system.

As President Obama tries to gain more regulatory power for the SEC to safeguard the American people Another Black Conservative states,  the very agencies that should have been minding the store in the first place were busy searching for porn.

Once again, your hard earned tax dollars at work and Obama wants to give these folks even more power.

  • 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.
  • Seventeen of the employees were “at a senior level,” earning salaries of up to $222,418.
  • 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.
  • (Its wasn’t just the men) An SEC accountant attempted to access porn websites 1,800 times in a two-week period and had 600 pornographic images on her computer hard drive.

Is it any wonder why used cars salesman know rate above government officials?



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  • Comments

    15 Responses to “As Markets Crashed, the SEC Surfed Porn”

    1. rightknight on April 23rd, 2010 10:06 am

      Let us all hope that the SEC officials selected for
      reprimand/discharge are not singled out by
      political preference.

    2. Norris Hall on April 23rd, 2010 10:54 am

      So now we know what regulators were doing during the Bush Administration

    3. Rusty Bridges on April 23rd, 2010 11:27 am

      #2, wow that didn’t take long for someone to blame Bush.

      No one said Obama caused it but he was the one that was going to “change” it. Remmember, or were you a race voter and weren’t really paying attention. Do you like the change so far? Obama is making things worse and has Dem majority, the same Dem majority that Bush had.

      See a pattern yet?

    4. DLS on April 23rd, 2010 1:16 pm

      Bush deliberately appointed people who were hostile to regulating Wall Street, beginning with Harvey Pitt.

    5. GOP r Cowards on April 23rd, 2010 2:22 pm

      It is Bush’s fault. Obama is cleaning up your mess.

    6. dawg1948 on April 23rd, 2010 3:20 pm

      #2 Who said it occured during the Bush Administaration,Dumb Ass! And what differnce does it make when it occured. Obama is attempting to regulate the Hell out of everything in this country and his “policemen” are inept at best. Get a life.

    7. brie. on April 23rd, 2010 3:40 pm

      They collect a huge salary for doing nothing but accessing porn sites, no one is doing their job, an accountant only got a 14 day suspension…..this is stealing, accepting a salary and not performing your job….and then finding a way to get around the security blocks….!!!!

      The SEC holds primary responsibility for enforcing the federal securities laws and regulating the securities industry, the nation’s stock and options exchanges and other electronic securities markets in the United States….Who would trust them to be responsible for any of these issues….apparently they don’t give a damn…!!!! Obama can sack the chairman who is responsible for enforcing rules and regulations, and appoint a new one….but he won’t!!!

    8. Wolfgang on April 23rd, 2010 3:51 pm

      I lost some money in the stock market some years ago along with everyone else and now we know it went to a good cause, the “working girls”….

    9. Jayson on April 23rd, 2010 3:57 pm

      The only problem with all this fuss? This story is all about a story already reported in November, 2008. That would be when the SEC was run by a Republican administration with George Dubya Bush as its leader, wouldn’t it?

      You can read the entire Inspector General’s 94-page report for yourself, right here. The pornography allegations are only a very small part of a much more disturbing picture, actually. It’s interesting to me to see the fuss around pornography when other, more serious and chilling allegations are contained within it. Here are a few of the interesting ones:

      Investigation of Conflict of Interest, Improper Solicitation and
      Receipt of Gifts from a Prohibited Source, and Misuse of Official Position
      Follow-up Investigation of Disruptive and Intimidating Behavior by a Senior Manager
      Investigation of Failure to Maintain Active Bar Status
      The report also has details about the investigation into reasons for Bear Stearns’ collapse. The conclusions there are far more interesting than anything to do with SEC employees accessing pornography.

      On a weekend where negotiations are moving ahead to get to a vote on financial regulation Monday, Issa’s latest effort to manufacture scandal is just a cynical ploy to manipulate public opinion. It’s a little like the “death panel” controversy, or the “Goldman Sachs gave more money to Obama than anyone else” controversy. The goal is to turn public opinion away from efforts to rein in what is completely out of control, water it down more than it is already, and pay off the Republican paymasters of Wall Street.

      Nothing to see here, move along.

      http://www.propublica.org/article/sec-report-employees-browsed-porn-ran-private-businesses-1219

    10. Greg the mongoose on April 23rd, 2010 5:12 pm

      WHAT ABOUT MADOFF? I HAD A FRIEND WHO WAS GRILLED FOR SEVEN HOURS BY THE SEC. YET MADOFF NEVER WAS QUESTIONED. EVEN AFTER YEARS OF COMPLAINTS. LOCKED THEM UP!

    11. rightknight on April 23rd, 2010 5:24 pm

      Big bloated bureaucracy government is in so much of
      a better spot to abuse it’s position, and it is doing
      so right now. Imagine how free the Country will be if
      the regulations continue to absolutely stifle life
      as we used to know it under the Constitution.

      That voting booth in November is beginning to look like
      an oasis on an expansive deadly desert burning with
      hot air and non-representation. We’ve got to make it
      to that voting booth before we shrivel and drop.

    12. A Texas Grandfather on April 23rd, 2010 9:59 pm

      We the people need to make very plain in November that this type behavior in goverment will not be tolerated.
      This entire agency should be defunded and all persons fired and made inelgible to hold office in any other government agency.
      There are about twenty or more agencies in the federal government that need the same treatment.

    13. Greg the Mongoose on April 23rd, 2010 11:29 pm

      To catch a SEC predator…

    14. Susan on April 24th, 2010 11:49 am

      I was so relieved to find out they weren’t referring to the South Eastern Conference…lol!!

      Trying to find a little humor here, although there’s nothing funny about a govt agency’s employees surfing the net for porn. This is strictly prohibited and an ethics violation. Definitely grounds for removal!!

    15. Dolf on April 25th, 2010 4:01 pm

      Goldman Sachs has had top goverment positions starting from Reagan.

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