Posted on 04/22/2010 9:32:41 PM PDT by myknowledge
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 on Thursday by The Associated Press.
The memo says 31 of those probes occurred in the 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 U.S. Senator Charles Grassley.
An SEC spokesman declined to comment on Thursday night.
The memo was first reported on Thursday evening by ABC News. It summarises findings of past inspector general probes and reports some shocking findings:
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.
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 $US222,418 ($A239,933.12).
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.
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."
He said in a statement that SEC officials "were preoccupied with other distractions" when they should have been overseeing the growing problems in the financial system.
Diddling while Rome burns?
Rest well assured that they will get theirs. They have set in motion the sequence of events that will result in the total and complete collapse of the monetary system and famine. Unfortunately, it will get us also. But their overseers and masters were all elected to political office[legally or illegally] by majority vote.
While we like to blameothers, events,and everything else, in the end, we have only ourselves to blame.
Jimmy Swaggart said ,” Much Bible, much freedom, little Bible little freedom, no Bible, no freedom”.
John Adams said, We will euther be governed by the Biblr or the bayonett”. The Unitesd States has said, we prefer the bayonett.
The wave that crushes the left this election cycle needs to be bigger than when Ronald Reagan took the helm! We HAVE to win this cycle, or America is screwed. Lots of neighborhood walking, and work, to be done between now and election day.
Somehow, I doubt this. The highest level of the Senior Executive Service earn $199,700 annually.
This doesn’t make sense.
free alcohol for Hillary and Zero, free porn for the SEC.
Now, I get hit with an access denied now and then, not surfing for porn. It has a list of keywords and if it finds them, it blocks you. For example, certain women’s health sites find themselves blocked. I can get past a block by entering my credentials, but I usually don’t unless I have a strong business need to go to the site.
They diddled while Rome burned..............
web filtering companies?
There’s another one!
What exactly doesn’t make sense?
The message here: If Fabrice Tourre from Goldman Sachs had spent his time looking at porn instead of doing his job, the SEC would leave him alone.
You can’t make this stuff up.
God only knows the damage they would have done if they'd tried to 'help'.
They should just make it mandatory that if you view porn on the peoples monies your name will be published along with loss of your job......done deal.
I don’t buy into the idea this person is sick....or others like him. Drugs are addictive..everyone knows this...he did too.....he just loved the fix!
Well, maybe the S-E-C should change their name to S-E-X.
After all, the letter X is right next to the letter C on the keyboard...
What's that? Don't?
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