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SEC staff watch porn as economy crashed
Nine News ^ | April 23, 2010

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.


TOPICS: Breaking News; Business/Economy; News/Current Events
KEYWORDS: bankingcrisis; cultureofcorruption; economiccrash; internet; porn; pornsurfing; sec
All they do is surf for porn...
1 posted on 04/22/2010 9:32:41 PM PDT by myknowledge
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To: myknowledge

With government:

THE ONLY WINNING MOVE IS NOT TO PLAY


2 posted on 04/22/2010 9:35:28 PM PDT by edcoil (If I had 1 cent for every dollar the government saved, Bill Gates and I would be friends.)
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To: edcoil

But the Rats want to give these same guys more athority over our financial system.


3 posted on 04/22/2010 9:38:45 PM PDT by Oldexpat
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To: edcoil

Saw that movie on TV the other day. Makes one feel old...


4 posted on 04/22/2010 9:39:09 PM PDT by neodad (USS Vincennes (CG 49) "Freedom's Fortress")
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To: myknowledge

We keep hoping God will save America. Save us from the muslims, save us from Obama, save us from this, save us from that. God isn’t going to save us. He’s going to destroy us. We’re the new Sodom and Gomorrah.


5 posted on 04/22/2010 9:41:35 PM PDT by LibWhacker (America awake!)
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To: LibWhacker

If we repented He would...it will take alot before that happens IMO. God will protect His own...He always has.


6 posted on 04/22/2010 9:46:59 PM PDT by Irisshlass
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To: LibWhacker

Have a read at Revelation 18 for more prophetic details.


7 posted on 04/22/2010 9:59:30 PM PDT by myknowledge (B.H. Obama's just a frontman. A frontman for who? The globalist elite, stupid!)
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To: myknowledge
"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"

Standard work week is 40 hours, but let's say this guy is in the office 80 hours each week that month. That's 320 hours total. If all he did was surf porn, that's 50 times per hour he was blocked. About once per minute.

If true, that's quite an obsession, one more fit for mandatory therapy (than a mere 14 day suspension).

8 posted on 04/22/2010 10:00:45 PM PDT by research99
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To: LibWhacker

When I read the testimony of one of the survivors of a Nazi death camp, I realized that God doesn’t save anyone - - he charges us to stand up and do the labors.

I’m very active this election cycle. I hope all of you are.


9 posted on 04/22/2010 10:02:09 PM PDT by Loud Mime (initialpoints.net - - The Constitution as the center of politics -- Download the graph)
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To: Loud Mime

Yes...everyone needs to be active. We signed like 50 people up to be precinct committee people at our Tax Day Tea Party. Some of those people didn’t even know what a PC does. That says something. People WANT to do something...I’m hoping for a landslide.


10 posted on 04/22/2010 10:17:03 PM PDT by Hildy
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To: Hildy

Good work, Hildy. (I thought you were ignoring me)

I’m getting involved in two races here and will be speaking at some community meetings. Next week I meet with a big joe; it may lead to more involvement.

We have to turn this nation around!


11 posted on 04/22/2010 10:32:47 PM PDT by Loud Mime (initialpoints.net - - The Constitution as the center of politics -- Download the graph)
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To: 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."

What was the gay/straight breakdown?

12 posted on 04/22/2010 10:50:49 PM PDT by Neanderthal
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To: myknowledge; pandoraou812

There is a solid investment tip in this article if you have eyes to see it.


13 posted on 04/22/2010 11:03:08 PM PDT by TigersEye (0basma's father was a British subject. He can't be a "natural-born" citizen.)
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To: myknowledge
This isn't the first time we've heard about it.

 

From February 2nd of this year from CBS News:

More than two dozen employees and contractors at the U.S. Securities and Exchange Commission were investigated in the past two years for viewing pornography on their government computers, the Washington Times reports.

Records from the SEC's office of inspector general showed that one SEC regional supervisor's work computer showed more than 1,800 "access denials" to pornography over a 17-day period, the Times reports. Clicking on one Web site could trigger dozens of "access denials" to pop-up ads. Still, the supervisor reportedly told investigators, "It was kind of distraction per se."

The Times obtained more than 150 pages from the investigations through a Freedom of Information Act Request. Finding a couple dozen employees -- out of a staff of about 3,500 -- surfing porn at work is not a problem unique to the SEC, Allan Bachman, education manager for the Association of Certified Fraud Examiners, told the Times. He said, however, that it was troubling because "they're getting paid to do something that they're not supposed to be doing."

The SEC is charged with protecting investors facilitating capital growth, and maintaining fair, orderly and efficient markets.

The names of the employees under investigation were withheld from the documents provided to the Times, as were individual disciplinary decisions. The SEC reportedly said, however, that sanctions generally range from counseling to dismissal.


14 posted on 04/22/2010 11:06:39 PM PDT by BigSkyFreeper ("Ked Tennedy would have been plowed... I mean, proud today..." - Senator Max Baucus (Drunk-MT))
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To: myknowledge

You know the old saying...

‘When the going gets tough - the tough surf for porn...’


15 posted on 04/23/2010 1:10:19 AM PDT by joethedrummer
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To: myknowledge

“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.”

It’s more than that. It’s disturbing that the SEC is so bloated that that many people were doing nothing and nobody noticed that work wasn’t getting done.

Positions need to be eliminated.


16 posted on 04/23/2010 1:27:33 AM PDT by Nickname (2012 - Yes You're Canned!)
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To: myknowledge

Government can go to hell. It’s way past time to clean house!!


17 posted on 04/23/2010 6:53:12 AM PDT by Jim Robinson (JUST VOTE THEM OUT! teapartyexpress.org)
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To: myknowledge

Yeah, but at least they kept the porn industry from experiencing a financial meltdown and needing a government bailout.


18 posted on 04/23/2010 6:54:43 AM PDT by VRWCmember
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To: Jim Robinson

Of course. We wished we had done so a long time ago. The image of government today has degraded to nothing more than a social club of elitist criminals who plunder the nation’s monetary wealth like pirates and newly-found treasure.


19 posted on 04/23/2010 6:55:14 AM PDT by myknowledge (B.H. Obama's just a frontman. A frontman for who? The globalist elite, stupid!)
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To: myknowledge

And these yahoos are going to retire on luxurious pensions paid by the taxpayers? Or they think they are. A whole bunch of them need to be rounded up and sent to prison, starting with their ‘overseers’ in congress.


20 posted on 04/23/2010 6:55:56 AM PDT by Jim Robinson (JUST VOTE THEM OUT! teapartyexpress.org)
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Comment #21 Removed by Moderator

To: myknowledge

Diddling while Rome burns?


22 posted on 04/23/2010 7:04:35 AM PDT by Canedawg (I'm not digging this tyranny thing.)
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To: Jim Robinson

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.


23 posted on 04/23/2010 7:06:42 AM PDT by sport
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To: Hildy

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.


24 posted on 04/23/2010 7:07:28 AM PDT by Issaquahking (Help Sarah Palin! go to - http://www.conservatives4palin.com - You know what to do!)
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To: myknowledge
Seventeen of the employees were "at a senior level," earning salaries of up to $US222,418

Somehow, I doubt this. The highest level of the Senior Executive Service earn $199,700 annually.

25 posted on 04/23/2010 7:35:38 AM PDT by CholeraJoe ("And the pony looked a little bored...")
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To: myknowledge

This doesn’t make sense.


26 posted on 04/23/2010 7:40:53 AM PDT by ichabod1 (Can around 25-30% moonbat base really steal the country from us and hold it?)
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To: myknowledge

free alcohol for Hillary and Zero, free porn for the SEC.


27 posted on 04/23/2010 7:41:48 AM PDT by TexasFreeper2009 (Obama = Epic Fail)
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To: BigSkyFreeper

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.


28 posted on 04/23/2010 7:45:28 AM PDT by ichabod1 (Can around 25-30% moonbat base really steal the country from us and hold it?)
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To: myknowledge

They diddled while Rome burned..............


29 posted on 04/23/2010 7:49:31 AM PDT by Red Badger (Education makes people easy to lead, difficult to drive; easy to govern, but impossible to enslave.)
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To: TigersEye

web filtering companies?


30 posted on 04/23/2010 7:58:30 AM PDT by CharlieOK1 (I refuse to pay for DUmmies' Healthcare!!!)
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To: CharlieOK1

There’s another one!


31 posted on 04/23/2010 8:21:06 AM PDT by TigersEye (0basma's father was a British subject. He can't be a "natural-born" citizen.)
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To: ichabod1

What exactly doesn’t make sense?


32 posted on 04/23/2010 8:32:26 AM PDT by myknowledge (B.H. Obama's just a frontman. A frontman for who? The globalist elite, stupid!)
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To: myknowledge

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.


33 posted on 04/23/2010 8:44:12 AM PDT by The Pack Knight (Duty, Honor, Country)
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To: myknowledge

You can’t make this stuff up.


34 posted on 04/23/2010 8:56:18 AM PDT by St. Louis Conservative
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To: Jim Robinson
I suppose we should be grateful they were to busy jerking off to actually do anything job related.

God only knows the damage they would have done if they'd tried to 'help'.

35 posted on 04/23/2010 8:59:06 AM PDT by Lurker (The avalanche has begun. The pebbles no longer have a vote.)
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To: myknowledge
I've heard of "being out of bread and buying hyacinths for the soul," but this, I would venture, goes just a shade beyond that.
36 posted on 04/23/2010 9:00:12 AM PDT by Category Four (Joy, Fun, the Joke Proper, and Flippancy ... Flippancy is the best of all.)
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To: BigSkyFreeper

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.


37 posted on 04/23/2010 9:13:14 AM PDT by caww
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To: Morgana

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!


38 posted on 04/23/2010 9:17:59 AM PDT by caww
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To: myknowledge

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...


39 posted on 04/23/2010 10:53:10 AM PDT by Beaten Valve
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To: TigersEye
There is a solid investment tip in this article if you have eyes to see it.

What's that? Don't?

40 posted on 04/23/2010 11:01:56 AM PDT by madison10 (Current guy in the White House: If he's breathin', he's lyin')
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To: myknowledge; Slings and Arrows; Revolting cat!
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.

Culture of corruption PING.

At least Nero FIDDLED while Rome burned.

41 posted on 04/23/2010 12:22:17 PM PDT by a fool in paradise (The hysteria of Matthewsism and Andersonism has led to a Tea Party Scare that is unAmerican.)
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To: sport
But their overseers and masters were all elected to political office[legally or illegally] by majority vote.

But the unelected ranks of government need to be cleared of the Democrat appointed charlatans. Too many in the State Department did not serve the Bush or other Republican administrations. Their sympathies lie with a bigger pitcture of global liberalism, which has a decidedly antiAmerican bent.

It's nothing new. McCarthy and Cohn caught flack for questioing the patriotism of some working within the government. Truth will out and in the end we know that there were corrupt figures working on behalf of KGB in the Soviet Union.

42 posted on 04/23/2010 12:26:23 PM PDT by a fool in paradise (The hysteria of Matthewsism and Andersonism has led to a Tea Party Scare that is unAmerican.)
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To: madison10

That’s likely the best idea.


43 posted on 04/23/2010 3:13:34 PM PDT by TigersEye (0basma's father was a British subject. He can't be a "natural-born" citizen.)
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To: TigersEye

Has nobama appointed these people as Porn Czars as yet?


44 posted on 04/23/2010 4:14:00 PM PDT by hal ogen ($10 (I think) ajmo0unts through the internet from all over the world.)
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To: Beaten Valve

Well, maybe the S-E-C should change their name to S-E-X.

And their new website could be SEx.COM (Security EXchange COMmission)


45 posted on 04/23/2010 4:49:12 PM PDT by Sir Clancelot
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To: hal ogen

He already hired a pedophile as the Safe Schools Czar so it’s taken care of.


46 posted on 04/23/2010 4:56:36 PM PDT by TigersEye (0basma's father was a British subject. He can't be a "natural-born" citizen.)
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To: Sir Clancelot

Yes, sex.com is their new website.


47 posted on 04/24/2010 12:07:54 AM PDT by myknowledge (B.H. Obama's just a frontman. A frontman for who? The globalist elite, stupid!)
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To: St. Louis Conservative
I'm not making this stuff up. It's for real.

On February 3, 2010, David Kiely, an employee at Macquarie Bank, was seen in the background looking at porn pictures of supermodel Miranda Kerr on his computer while Mark Lakos was reading out a summary business report. This happened in the city where I live, in Sydney, Australia.

This guy became a web sensation and Miranda Kerr herself saved him from being fired.


48 posted on 04/24/2010 12:14:05 AM PDT by myknowledge (B.H. Obama's just a frontman. A frontman for who? The globalist elite, stupid!)
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