It wouldn’t be a misleading name for the SEC. I didn’t get to read the details of the porn story Friday. If you haven’t, you’re missing how bad it was. From the Daily News account Derb linked to:
– A senior attorney at the SEC’s Washington 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 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.