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February 9, 2010

The SEC Works Hard for the Money

Posted by The MaryHunter at February 9, 2010 6:59 AM

Your tax dollars at work: while the SEC wasn't tracking Bernie Madoff or preparing to lower the boom on successful banks and their employee bonuses, they were sliding through the web for the good of the nation and helping to raise up at least one sector of the economy in the process.

The work computer of one regional supervisor for the U.S. Securities and Exchange Commission showed more than 1,800 attempts to look up pornography in a 17-day span: "It was kind of distraction per se," he later told investigators.

But he wasn't alone. More than two dozen SEC employees and contractors over roughly the past two years have faced internal investigations after they were caught viewing pornography on their government computers, according to records obtained through the Freedom of Information Act and other public documents.

The activities of porn-surfing SEC workers, a small fraction of the overall work force, have been serious enough to warrant a mention in each of the past four semiannual reports sent to Congress by the SEC's office of inspector general.

If the folks overseeing the Evil Banking Industry and Evil Wall Street can't even be trusted not to steal money from the Federal Government (and you know, time is money), then that makes them even more despicable than Congress, which at least wheels and deals and steals our tax money a bit more out in the open.

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