Republicans are stepping up their criticism of the Securities and Exchange Commission following reports that senior agency staffers spent hours surfing pornographic websites on government-issued computers while they were supposed to be policing the nation’s financial system.
California Rep. Darrell Issa, the top Republican on the House Oversight and Government Reform Committee, said it was “disturbing that high-ranking officials within the SEC were spending more time looking at porn than taking action to help stave off the events that put our nation’s economy on the brink of collapse.”
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The number of cases jumped from two in 2007 to 16 in 2008. The cracks in the financial system emerged in mid-2007 and spread into full-blown panic by the fall of 2008.
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Republican lawmakers also accused the SEC of being influenced by politics. The SEC’s commissioners approved the Goldman charges on a rare 3-2 vote. The two who objected were Republicans.
Hmm. Now let’s think back a few years, and ask ourselves who would have been responsible for running the SEC and had a majority on its Board in 2007 and 2008? Who was completely dismantling the Federal regulatory apparatus, removing long-term expert professional civil servants and replacing them with depraved party hacks? Fuck if I can remember, because, you know, the world we live in only began in January, 2009.