While Economy Collapsed, SEC Staffers Surfed For Porn

Posted by JacobSloan on April 23, 2010

Wondering why experts and watchdogs didn’t see the banking crisis coming? They were busy doing some of their own analysis. The Daily News writes:

The country’s top financial watchdogs…spent hours gawking at porn Web sites as the economy teetered on the brink, according to a memo released Thursday night.

The shocking findings include Securities and Exchange Commission senior staffers using government computers to browse for booty and an accountant who tried to access the raunchy sites 16,000 times in one month.

Their titillating pastime was discovered during 33 probes of employees looking at explicit images in the past five years, said the memo obtained by The Associated Press. Seventeen of the randy employees were “at a senior level” earning salaries of up to $222,418.