This is the best govt money can buy? ;-)
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While economy crumbled, top financial watchdogs at SEC surfed for porn
on Internet: memo
BY Leo Standora <http://www.nydailynews.com/authors/Leo%20Standora>
DAILY NEWS STAFF WRITER
Originally Published:Friday, April 23rd 2010, 12:59 AM
Updated: Friday, April 23rd 2010, 7:31 AM
Who watches the watchmen? SEC senior staffers used government computers
to browse for booty, according to a memo.
Galante/Getty
Who watches the watchmen? SEC senior staffers used government computers
to browse for booty, according to a 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 shocking findings include Securities and Exchange Commission
<http://www.nydailynews.com/topics/U.S.+Securities+and+Exchange+Commission>
senior staffers using government computers to browse for booty and an
accountant who tried to access the raunchy sites 16,000 times in one month.
Their titillating pastime was discovered during 33 probes of employees
looking at explicit images in the past five years, said the memo
obtained by The Associated Press
<http://www.nydailynews.com/topics/The+Associated+Press>.
It says 31 of those probes occurred in the 2-1/2 years since the
country's financial system nearly crashed.
The report was written by SEC Inspector General David Kotz
<http://www.nydailynews.com/topics/David+Kotz> in response to a request
from Sen. Charles Grassley (R-Iowa)
<http://www.nydailynews.com/topics/Chuck+Grassley>.
Among the startling findings:
- A senior attorney at the SEC's Washington
<http://www.nydailynews.com/topics/Washington%2c+DC> 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
<http://www.nydailynews.com/topics/Google+Inc.> 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.
- 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.
California Rep. Darrell Issa
<http://www.nydailynews.com/topics/Darrell+Issa>, the top Republican on
the House Committee on Oversight and Government Reform
<http://www.nydailynews.com/topics/U.S.+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.
[email protected] <mailto:[email protected]>
<http://www.nydailynews.com/money/2010/04/23/2010-04-23_porn_among_daily_duties_of_top_sec_honchos_sez_report.html#ixzz0lwXlui7X>
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