Financial watchdogs distracted by porn
Source: Agencies |
April 24, 2010, Saturday
|
Print Edition
Print Edition
REPUBLICANS are stepping up their criticism of the Securities and Exchange Commission following reports that senior agency staffers spent hours surfing pornographic Websites while they were supposed to be policing the United States' financial system.
Darrell Issa, the top Republican on the House of Representatives Oversight and Government Reform Committee, 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."
The SEC's inspector general conducted 31 probes of employees looking at explicit images in the past two-and-a-half years, according to a memo obtained by AP.
The memo, written by SEC Inspector General David Kotz, reports some shocking findings, including a senior attorney at the SEC's Washington headquarters who spent up to eight hours a day looking at and downloading pornography. When he ran out of hard drive space, he burned the files to CDs or DVDs, which he kept in his office.
Darrell Issa, the top Republican on the House of Representatives Oversight and Government Reform Committee, 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."
The SEC's inspector general conducted 31 probes of employees looking at explicit images in the past two-and-a-half years, according to a memo obtained by AP.
The memo, written by SEC Inspector General David Kotz, reports some shocking findings, including a senior attorney at the SEC's Washington headquarters who spent up to eight hours a day looking at and downloading pornography. When he ran out of hard drive space, he burned the files to CDs or DVDs, which he kept in his office.
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