This is a repost of an March 24, 2010 disclosure that there was massive porn surfing going on in the offices of the SEC and in less than a month, they bring fraud charges on Goldman Sachs?
Hmm, Democrats in congress pass ObamaCare, a bill the majority of Americans didn't want and they face getting creamed in the upcoming November elections.
And low and behold we get this charge against Goldman just in time before the elections to give Dems something to campaign about.
I smell pure politics!
This doesn’t say much about the agency responsible for keeping an eye on Wall Street traders.
From New York Post:
So that's what they were doing instead of watching out for fraudsters like Bernie Madoff.
Fresh details are surfacing about the extent of the Securities and Exchange Commission's problem with porn-obsessed workers. No fewer than 16 investigations are currently underway into SEC employees who've spent up to 1½ hours a day viewing online smut and kiddie porn.
One of those investigations involves the FBI, which was called in after the computer of one senior SEC employee was found to contain flash videos of what appeared to be child pornography. It was
The developments are sure to add to the withering criticism the SEC has endured for more than a year for blatantly overlooking public warnings and tell-tale signs of Madoff's massive $65 billion Ponzi scheme and other fraud cases.
The SEC's own inspector general's office has turned over documents to other agencies and lawmakers documenting two years of heavy porn-surfing on the job by SEC staffers and vendors, one whom is a woman.
At least 8,273 clicks on the SEC's powerful computers were tracked to dozens of salacious sites covering a spectrum of sexual appetites, from spankwire.com and fetishland.com to ladyboyx.com and rabittxx.com.
The porn crisis was first disclosed by the Washington Times in January after it obtained SEC in-house records through a Freedom of Information request. Gawker.com reported the latest crop of news detailing the types of Web sites SEC workers were checking out.
Full story
Via New York Post
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