SEC surfed porn while economy fell

In a shocking report, ABC broke news that as the world watched the financial system teeter on the brink of collapse, SEC employees were watching something else: porn. Senior staffers at the Securities and Exchange Commission spent hours surfing pornographic websites on government-issued computers while they were being paid to police Wall Street. And if you think they were all low-level officials, think again. Seventeen of the employees were "at a senior level," earning up to $222,418 a year while spending hours on sites like naughty.com, skankwire, and youporn.

The revelations have (understandably) sparked Congressional outrage. Rep. Darell Issa (CA-R) expressed anger that the SEC "was preoccupied with other distractions" at a time when it was needed most. The event also undermines the credibility of SEC's recently announced lawsuit against Goldman Sachs. What's more, it's a nice comeback to calls for financial reform: why should we give the government more regulatory power if they'll just use it to look at porn?