SEC Missed Financial Sector Breakdown Because Their Staff Was Busy Surfing Porn, Say Experts
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The Securities and Exchange Commission (SEC) was busy fiddling around online while the financial sector burned.  Those are the allegations being leveled against the SEC as a new memo by the Federal Inspector General is released, revealing 31 separate probes of SEC employees porn surfing during the past two years, more than half of whom were senior-level staff, including SEC attorneys.

According to the memo, some of the staff were earning as much as $222,000 a year while they were surfing the Internet for porn instead of keeping an eye on the market… and the banks.


One SEC staffer spent his entire days downloading porn.  When his hard drive filled up, he burned the porn to DVDs, which he stored in his office.

Another one racked up 16,000 attempts to access porn sites in a single month.

And make no mistake, it wasn’t just the men of the SEC.  One female worker had 1,800 attempts to log in to a porn site in a 2-week period, and had nearly 600 porn images on her hard drive. 

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“These guys in the middle of a financial crisis are spending their time looking at prurient material on the Internet.  It’s reckless, and indicates a contempt for the taxpayer and the taxpayer’s interest in monitoring financial markets,” exclaimed Professor Peter Morici of the University of Maryland, a former director of the Office of Economics at the U.S. International Trade Commission.

No Paywall Here!
The Internet Patrol is and always has been free. We don't hide our articles behind a paywall, or restrict the number of articles you can read in a month if you don't give us money. That said, it does cost us money to run the site, so if something you read here was helpful or useful, won't you consider donating something to help keep the Internet Patrol free?
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