Wall Street Watchdogs Like Teen Sluts

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File under: Abysmal Timing. Just a week after the Securities and Exchange Commission filed an audacious lawsuit against Goldman Sachs—Wall Street’s most-hated casino—comes a revelation that a few dozen SEC employees, including a few lame-ass higher-ups, have been downloading porn on their government computers for years. It’s probably a tempest in a teapot, given that you would likely find such misbehavior at any large agency at any time if you bothered to look. But it’s still a major embarassment for an agency trying to remake it’s public image after blowing it so completely on Bernie Madoff. Mary Schapiro must be pissing her pants right about now.

The Inspector General’s office conducted investigations of 33 SEC employees, nearly all since 2008, according to a case summary requested by Senator Charles Grassley and obtained by the Washington Post:

A senior attorney at SEC headquarters in Washington admitted he sometimes spent as much as eight hours viewing pornography from his office computer, according to the report. The attorney’s computer ran out of space for the downloaded images, so he started storing them on CDs and DVDs that he stored in his office.

Grassley’s people claimed the timing was coincidental. Right. Meanwhile, Cali Congressman Darrell Issa, the top Republican on the House Oversight and Government Reform Committee was quick to score some points for his party, which has lost a few by opposing the administration’s relatively feeble attempt to reform Wall Street. “This stunning report should make everyone question the wisdom of moving forward with plans to give regulators like the SEC even more widespread authority,” Issa told the Post.

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SIX TRUTHS

Reclaiming power from those who abuse it often starts with telling the truth. And in "This Is How Authoritarians Get Defeated," MoJo's Monika Bauerlein unpacks six truths to remember during the homestretch of an election where democracy, truth, and decency are on the line.

Truth #1: The chaos is the point.

Truth #2: Team Reality is bigger than it seems.

Truth #3: Facebook owns this.

Truth #4: When we go to work, we're in the fight.

Truth #5: It's about minority rule.

Truth #6: The only thing that can save us is…us.

Please take a moment to see how all these truths add up, because what happens in the weeks and months ahead will reverberate for at least a generation and we better be prepared.

And if you think journalism like Mother Jones'—that calls it like it is, that will never acquiesce to power, that looks where others don't—can help guide us through this historic, high-stakes moment, and you're able to right now, please help us reach our $350,000 goal by October 31 with a donation today. It's all hands on deck for democracy.

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