What’s more important than your life savings?
May 4, 2010 by Shane BorerPosted in: Home equity loan, Latest News, Politics
Your home equity loan is in dire straights and your 401(k) was wiped out — what do you do besides look at racy Web sites?
According to a Security and Exchange Commission report obtained by CNN, there was only one thing left for employees to do while they watched the economy crumble all around them: They looked at pornography — and lots of it.
The SEC’s Office of the Inspector General found that during the market crash, “33 SEC employees and or contractors violated Commission rules and policies, as well as the government-wide Standards of Ethical Conduct, by viewing pornographic, sexually explicit or sexually suggestive images using government computer resources and official time.”
One standout case involved a regional office staff accountant who accessed questionable Web sites nearly 1,800 times on her SEC laptop. If that doesn’t seem too bad, bear in mind that this was only over a two-week period. The employee also had 600 images stored on her hard drive.
That adds up to some very expensive Web browsing — more than half the workers earned salaries between $99,000 and $223,000 per year.
SEC spokesperson John Nester said the employees who took part in the lascivious behavior have been disciplined. “We do not tolerate the transgression of the very few who bring discredit to their thousands of hardworking colleagues,” said Nester. Not unless the market crashes again, anyway.
Tags: 401(k), Home equity loan, Investments, Pornography, SEC
May 7th, 2010 at 1:00 pm
Hum, am I supposed to be surprised that these people acted irresponsible, or that they received the outlandish salaries? I am sorry, but it sure seems that most Govt employees work less and make more than private sector positions, is it any wonder our country is in such trouble? They also seem to be immune to firing. Heck how and were do I get on the gravy train?