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SEC needs to watch Wall Street, not porn

The financial reform bill before Congress may need to add a provision requiring regulators to spend their time watching the financial industry rather than the porn industry. An inspector general investigation found that 33 Securities and Exchange Commission employees and contractors used government computers to view pornographic images during the past five years. And these weren't minor offenses; one senior attorney spent as much as eight hours a day viewing pornography from his office computer. The number of employees involved is relatively small — less than 1 percent of total SEC employees. Still, 17 of the alleged offenders were senior SEC officers, and half of the incidents occurred during 2008, when Wall Street was starting to collapse.

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