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SEC was watching porn while the financial markets collapsed
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The following comments relate to this news article:

SEC was watching porn while the financial markets collapsed

article published on 23 April, 2010

Although this story is slightly outside of our niche, it is still particularly interesting. Republicans have come out swinging today, claiming that the SEC (Securities and Exchange Commission) was too busy watching pornography to properly police the nation's financial system as it collapsed in 2008. Says California Rep. Darrell Issa, the head of the House Oversight and Government Reform ... [ read the full article ]

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Senior Member

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23. April 2010 @ 15:05 _ Link to this message    Send private message to this user   
When I first read the headline I thought "Well, yeah, a stressful work environment would probably benefit from a bit of skin"...

And then
Quote:
A senior attorney at the SEC's Washington headquarters 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 boxes around his office. He agreed to resign.

Who on the face of this planet spends eight frigging hours looking at porn?
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slickwill
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23. April 2010 @ 17:03 _ Link to this message    Send private message to this user   
^
That attorney probably wasn't releasing the throbbing buildup in the office, which caused the 8 hour a day fiasco. Had he released, he would have lost interest in 10 minutes and had 7 hours and 50 minutes to do some real work.

Seriously though, this info is nothing but a distraction to draw our attention and focus away from what really went on.
ps3lvanub
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23. April 2010 @ 17:30 _ Link to this message    Send private message to this user   
Originally posted by nintenut:
When I first read the headline I thought "Well, yeah, a stressful work environment would probably benefit from a bit of skin"...

And then
Quote:
A senior attorney at the SEC's Washington headquarters 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 boxes around his office. He agreed to resign.

Who on the face of this planet spends eight frigging hours looking at porn?
Somebody who isn't getting any.
-James
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23. April 2010 @ 18:14 _ Link to this message    Send private message to this user   
Originally posted by ps3lvanub:
Originally posted by nintenut:
When I first read the headline I thought "Well, yeah, a stressful work environment would probably benefit from a bit of skin"...

And then
Quote:
A senior attorney at the SEC's Washington headquarters 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 boxes around his office. He agreed to resign.

Who on the face of this planet spends eight frigging hours looking at porn?
Somebody who isn't getting any.
-James


LOL! Yep pretty much or someone who doesn't work when he's supposed to work. 8 hours of porn would drive anybody crazy anyway. He honestly needs help or something else, cause that's one hell of a distraction if you ask me. Where's his superior anyway during all this? Watching porn too?
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23. April 2010 @ 20:54 _ Link to this message    Send private message to this user   
nothing to say but..looool
!!! :P
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23. April 2010 @ 22:14 _ Link to this message    Send private message to this user   
This happen in 2008 and is just news yesterday:
Out of 33., 17 are Senior Level who make more that a 99,000 USD to 223,000 USD. a year.
The "Sad Part" is that they still working there.

Actually all start in 2001 when Bush give a "Free-hands to Wall Street" to do wherever they wanted and on 7 years they destroy the Economy of USA.
So Bush and his people are the only one to blame if you ask me.

For video:
http://www.cnn.com/2010/POLITICS/04/23/s...x.html?hpt=Sbin
http://www.youtube.com/watch?v=7PGhupCqJ5k

This message has been edited since posting. Last time this message was edited on 23. April 2010 @ 22:50

slickwill
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23. April 2010 @ 22:29 _ Link to this message    Send private message to this user   
^
So basically, by reporting 2008 findings, they are pretty much stonewalling the release of the condemning information. The FFC and SEC are pretty much buddies, so the FCC goes in and white washed the investigation and gives a slap on the wrist to them in the form of fines and lower level employees getting charged.
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23. April 2010 @ 23:01 _ Link to this message    Send private message to this user   
With the way these agencies act, I think I would rather have them spending all day watching porn...they never do anything good, so they might as well do nothing at all.
llongtheD
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23. April 2010 @ 23:01 _ Link to this message    Send private message to this user   
Originally posted by slickwill:
^
That attorney probably wasn't releasing the throbbing buildup in the office, which caused the 8 hour a day fiasco. Had he released, he would have lost interest in 10 minutes and had 7 hours and 50 minutes to do some real work.

Seriously though, this info is nothing but a distraction to draw our attention and focus away from what really went on.

Agreed, our corrupt government doesn't want us to know about all the shady deals that were going on at this time. This is a perfect distraction. People wonder why their taxes are constantly being raised, instead of the government operating more efficiently. I guess government, and operating efficiently are kind of an oxymoron though.
When will we start holding our leaders accountable, and end this nonsense?
Will we wait until we are taxed into poverty, and all of our freedoms stripped away?
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24. April 2010 @ 01:22 _ Link to this message    Send private message to this user   
"Will we wait until we are taxed into poverty, and all of our freedoms stripped away?"

If history is any lesson, revolts don't happen until most of the population is homeless and starving.
llongtheD
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24. April 2010 @ 01:38 _ Link to this message    Send private message to this user   
Originally posted by KillerBug:
"Will we wait until we are taxed into poverty, and all of our freedoms stripped away?"

If history is any lesson, revolts don't happen until most of the population is homeless and starving.
Too bad it will have to come to that before anyone wakes up.
slickwill
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24. April 2010 @ 03:04 _ Link to this message    Send private message to this user   
Originally posted by llongtheD:
Originally posted by KillerBug:
"Will we wait until we are taxed into poverty, and all of our freedoms stripped away?"

If history is any lesson, revolts don't happen until most of the population is homeless and starving.
Too bad it will have to come to that before anyone wakes up.
And by the time that happens, things will be too late. The country and the world will be in a police state at worst. We'll have not guns b/c they would have taken them all, and we'll all be slaves of the state.

We are slowly losing our freedoms by design (I'm not just talking about the U.S., but countries everywhere). They incrementally restrict our freedoms (which society accepts), b/c a huge change will not be accepted by society. This is like the say about the frog, "Put a frog and pot and slowly increase the heat, and before the frog know it he is done." AKA "Slowly restrict the freedoms of the people, and before they know it they have none."

Speaking of "waking up", I get all my news from www.infowars.com and www.prisonplanet.com . They cover all the important news and stream broadcast (in a loop) the daily 4 hours show of Alex Jones. If you want to wake up your friends and family about the real horrors of what is going on, just show them some of Alex's documentaries, which are freely available online.
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24. April 2010 @ 04:02 _ Link to this message    Send private message to this user   
Another example is:
Sec with out regulating Goldman Sacks (2007) they Play hands-free the roll as a Bookie: collapsing the House Market in USA.
....and even more they left Greek economy very close to Bankruptcy (2010).

http://www.cnn.com/video/?/video/us/2010...sec.goldman.cnn
http://en.wikipedia.org/wiki/Goldman_Sachs

All it takes is just to Corrupt the diff Countries Regulators and see us fall like a death birds.

This message has been edited since posting. Last time this message was edited on 24. April 2010 @ 04:45

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24. April 2010 @ 05:22 _ Link to this message    Send private message to this user   
Before we rush to judgement we should consider the source of the information. How does a Republican define sex? How does a Democrat define sex?
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24. April 2010 @ 06:04 _ Link to this message    Send private message to this user   
Originally posted by john_swan:
Before we rush to judgement we should consider the source of the information. How does a Republican define sex? How does a Democrat define sex?
Would it be any better if they were watching softcore pron rather than hardcore? Does it even matter that they were looking at porn to begin with? What if they were spending the same time surfing facebook...would that really make any difference? The point is that they were only spending 8 hours a day on this...and clearly this was not enough because they were still able to handle cover-ups and bribes, even during a time when a record number of both were happening.
ps3lvanub
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24. April 2010 @ 06:47 _ Link to this message    Send private message to this user   
Originally posted by KillerBug:
Originally posted by john_swan:
Before we rush to judgement we should consider the source of the information. How does a Republican define sex? How does a Democrat define sex?
Would it be any better if they were watching softcore pron rather than hardcore? Does it even matter that they were looking at porn to begin with? What if they were spending the same time surfing facebook...would that really make any difference? The point is that they were only spending 8 hours a day on this...and clearly this was not enough because they were still able to handle cover-ups and bribes, even during a time when a record number of both were happening.

Agreed. I'm not a citizen of the US, but I'm a firm believer in the fact that all government workers, whether they are in the US or Timbuktu, are at least halfway bent and only seek to satisfy their own interests. Take the expenses scandal over here in the UK. They say that they are sorry and that may be true, but they're not sorry because of the crime they committed, they're sorry because they got caught.
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24. April 2010 @ 11:34 _ Link to this message    Send private message to this user   
Originally posted by "slickwill":
...Seriously though, this info is nothing but a distraction to draw our attention and focus away from what really went on.
Well said. Keep your eye on the ball, folks.
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24. April 2010 @ 11:43 _ Link to this message    Send private message to this user   
misleading title, 33 SEC employees is NOTHING when you look at how many of them there are. how about give us some actual employment numbers if we're gonna throw out actual case numbers.
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24. April 2010 @ 13:26 _ Link to this message    Send private message to this user   
Originally posted by grkblood:
misleading title, 33 SEC employees is NOTHING when you look at how many of them there are. how about give us some actual employment numbers if we're gonna throw out actual case numbers.
Actually the number of Corrupted employees do not matter, the big picture is what is important here; the damage is already done here in USA starting since 2001 or maybe even before that time.
The point is to make sure this do not happen again here.
That's why the same thing happen with Health Care Reform, now is the time for the Financial Reform to prevent another Crisis.

http://www.time.com/time/specials/packag...nn=yes&hpt=Sbin
http://www.reuters.com/article/idUSTRE63N0TR20100424
http://www.time.com/time/specials/packag...1877331,00.html

Our Country es just so edited by ddp with out comprehension is not diff between Democrats or Republicans anymore or maybe never being.
All it's about Money and the big Corporations who's control Washington and do wherever they please, and make people believe that they are investing and doing well.....but the reality is: they just are waiting for the opportunity to Cash Out.

Is like grow a cow and just wait for the time is big enough to kill it, cash out and run !!!!

Same thing gonna happen with China some day.....Many corporations are investing Billions of dollars and others countries Money there today too.......and some day they will slip out, cash out and run......Not that I care, but who gonna stop them ?
The International Laws are like a joke: is like try to control the Internet....Impossible !!!

The Big Corporations have the Power of the Money and the power to corrupt anybody on any country. They just act the same way as the Drug Cartels.

Live Free or Die.
The rule above all the rules is: Survive !
Capitalism: Funnel most of the $$$ to the already rich.

This message has been edited since posting. Last time this message was edited on 25. April 2010 @ 01:44

ddp
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24. April 2010 @ 14:17 _ Link to this message    Send private message to this user   
Mrguss, post edited due to language.
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24. April 2010 @ 15:29 _ Link to this message    Send private message to this user   
Mrguss, since when does looking at pr0n mean you're corrupt? You are so off-topic its not funny. Looking at pr0n doesnt mean your corrupt, just that you suck as an employee.
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25. April 2010 @ 01:38 _ Link to this message    Send private message to this user   
Originally posted by grkblood:
Mrguss, since when does looking at pr0n mean you're corrupt? You are so off-topic its not funny. Looking at pr0n doesnt mean your corrupt, just that you suck as an employee.


Do you know who is SEC or what them real "Job" supposedly to be or is ???

The Corruption start controlling the mind of people.
I bet you if I give to you what you must like or need (Moneys, Gifts, or use life threats, etc).....you eventually will do wherever I want you to do or I can tell you: stop what you doing and look on diff direction or just simple take a break.....as long I keep you happy or down. I have Control of YOU !

Live Free or Die.
The rule above all the rules is: Survive !
Capitalism: Funnel most of the $$$ to the already rich.

This message has been edited since posting. Last time this message was edited on 25. April 2010 @ 02:07

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25. April 2010 @ 03:16 _ Link to this message    Send private message to this user   
Originally posted by grkblood:
Mrguss, since when does looking at pr0n mean you're corrupt? You are so off-topic its not funny. Looking at pr0n doesnt mean your corrupt, just that you suck as an employee.
The manager and employee should be terminated with cause. I never understood why government employees are placed on paid administrative leave when criminal charges are filed against them.
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25. April 2010 @ 05:51 _ Link to this message    Send private message to this user   
Wow. I can defend looking at the occasional adult material. I do it myself and I am sure most others here do as well. What is not okay though, is the SCALE I am reading about.

Quote:
A senior attorney at the SEC's Washington headquarters 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 boxes around his office. He agreed to resign.
I was quite the porno fiend back in my early teens. I've spent untold hours in the darkest corners of the web.

But my collection has NEVER been large enough to fill a 40GB hard drive(what I was using at the time). Nor has it ever been large enough, or of enough precedence in my life, to have hard copies laying around. Presumably a higher ranking attorney with his own office will have a fairly nice PC, and in the last several years, a fairly nice PC includes WELL OVER 40GB of HDD space.

What really sickens me is that this man did this in his office. He spent enough time looking at porn to amass what is apparently a very LARGE collection. Larger than what I have ever had even at the peak of my highschool years. And I'll tell you what I wasted a LOT of time on the subject.


So here's my impression:

- He spent a LARGE span of time doing this
- He sometimes spent entire work days doing this
- He filled his hard drive(presumably over 40GB which is a lot of porn)
- He was keeping hard copies all over a corporate office
- Last, but not least, he was being PAID HUGE WAGES TO DO IT

In other words, I love my country but I distrust anyone who presumes to tell me what to do.

How is it that a porno addict can get such a cushy job yet many hard-working honest people are struggling to make ends meet? How is he any more qualified for the job then than someone like myself? He was basically getting paid to archive porn all day long. AFAIK up to 8 hours a day means days where he DIDN'T DO ANYTHING BUT LOOK AT PORN. I could do this all day for the wages he was making ;P

Also, with just about any large network there is a way to monitor traffic on almost every machine. Somebody MUST have noticed the network traffic from said office. So I think there was also negligence on the part of the network admins.

And people like these have control over our lives? At this point I'm almost ready to embrace anarchy just to get through all the BS and red tape. Not that I'm anti-American, quite the opposite. But our leaders lie to us every day without being expected to answer for themselves when they are caught in the act. Our leaders also make plans and changes outside of the control of the people, and expect us to follow willingly without question. I am all for government, as it is something human beings need to operate on the scale our world does today. But when individuals enter office with their own personal and political agendas, it is the peoples' right to have this exposed and challenged. Politicians abuse their power and ignore the issues around them.

This doesn't have anything directly to do with said article. But it has EVERYTHING to do with why this was allowed to happen and for so long.

This message has been edited since posting. Last time this message was edited on 25. April 2010 @ 06:05

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EricCarr
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25. April 2010 @ 06:08 _ Link to this message    Send private message to this user   
I was looking at porn too. LOL
 
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