What was the SEC doing while Madoff, Stanford, et. al. were defrauding the public?

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“WASHINGTON — Senior staffers at the Securities and Exchange Commission spent hours surfing pornographic websites on government-issued computers while they were being paid to police the financial system, an agency watchdog says.”

Details available at http://www.newhavenregister.com/articles/2010/04/23/news/aa9porngov042310.txt.

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About Tony Lima

Retired after teaching economics at California State Univ., East Bay (Hayward, CA). Ph.D., economics, Stanford. Also taught MBA finance at the California University of Management and Technology. Occasionally take on a consulting project if it's interesting. Other interests include wine and technology.

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