To the SEC: The Bloggers of the World Say “Thanks”

by Jeffrey Miron on April 25th, 2010
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It would be hard to make this stuff up:

The Securities and Exchange Commission is the sheriff of the financial industry, looking for crimes such as Bernard Madoff’s Ponzi scheme, but a new government report obtained by ABC News has concluded that some senior employees spent hours on the agency’s computers looking at sites such as naughty.com, skankwire and youporn as the financial crisis was unfolding.

But wait; it gets better:

One senior attorney at SEC headquarters in Washington spent up to eight hours a day accessing Internet porn, according to the report, which has yet to be released. When he filled all the space on his government computer with pornographic images, he downloaded more to CDs and DVDs that accumulated in boxes in his offices.

Read the rest here. Of course, the soon-to-be-adopted financial regulation will fix all this stuff.

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Copyright 2010 Jeffrey Miron  |  Created by Brian D. Aitken
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