Friday, April 23, 2010
SEC Staffers "Looking Elsewhere" as Economy Collapsed
Loosely translated from the Roman poet Juvenal, the above phrase means: Who guards the guards?
Back in 2008 as the economic crisis was unfolding, SEC (Securities and Exchange Commission) staffers, weren't exactly "sleeping on the job." Nope their keen eyes were too busy roving elsewhere: Internet porn sites.
So, while Bernie Madoff had his hand in the cookie jar, several of these SEC staffers' hands were too preoccupied to stop him.
I can only imagine that we can expect more of this when taxes are increased in order to pay for a larger government bureaucracy.
Unless of course, this is some backdoor method of subsidizing the porn industry.
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