The SEC and porn

(During his Cooper Union speech, President Obama urged Wall Street to “join us, instead of fighting us” on reform efforts)

Reports today say that the SEC IG investigated at least 33 employees during the early period of the Great Recession.
Several highly paid staffers, including at least one lawyer, spent most of their work hours viewing net porn.
The lawyer was so addicted that he burned the porn on cds and dvds,and stored them in boxes all around his office.
The SEC is the civil watchdog of Wall Street.
The porn these SEC employees should have been watching was the Wall Street credit default swaps;the sub-prime mortages wrapped into packages and sold to hedge fund betters; and the funny financial fangdangles that swept Wall Street.
The IG’s findings suggest the SEC has long ago been captured by the financial industry.