We all know that the Securities and Exchange Commission has an issue about its employees accessing porn, literally watching the bottom line. It's something I blogged about earlier this year. But the situation is even worse than we thought.
According to an internal SEC document there have been 33 investigations and many of the employees are on salaries of between $99,356 through to $222,418.
The document has some mind-boggling revelations. Like the senior attorney who would spend up to eight hours a day, yes eight, accessing Internet pornography and downloading pornographic images to his SEC computer. "In fact, this attorney downloaded so much pornography to his government computer that he exhausted the available space on the computer hard drive and downloaded pornography to CDs or DVDs that he accumulated in boxes in his office," the report said.
Or the accountant who received over 16,000 access denials for Internet websites classified by the Commission's Internet filter as either "Sex" or "Pornography" in just a one-month period. Or the other accountant who received nearly 1,800 access denials for pornographic websites using her SEC laptop in just two weeks, and had nearly 600 pornographic images saved on her laptop hard drive. Based on a 40 hour week, she would have been trying to get two porn sites every five minutes, eight hours a day.
So they were doing this while markets were crashing and Bernard Madoff was running a ponzi scheme. As the New York Daily News puts it so sweetly: "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."
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