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Who Regulates the Regulators?

  1. BDazzler profile image84
    BDazzlerposted 7 years ago

    "The SEC inspector general conducted 33 probes of employees, 31 of which occurred in the last two and a half years, according to a summary of the cases requested  by Sen. Charles E. Grassley (R-Iowa) that first surfaced Thursday evening.

    Several of employees held senior positions, earning between $99,300 and $222,418 per year, the inspector general's summary said. " ...

    "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. "
      - Washington Post

    ...

    Gee, I'm SO glad we have these guys watching out for tax payers interest against those evil profit mongering wall street types.

    Let's raise taxes on the "rich" (i.e. anybody who works for a living)  so we can pay attorneys $200K to look at porn all day because we need to be protected from evil CEOs!

    Am I the only one offended by this?

    1. IntimatEvolution profile image82
      IntimatEvolutionposted 7 years ago in reply to this

      NO!  ME too!!!

      Brilliant question.

      I find myself asking the same question, who is regulating these overgrown baboons?

    2. Jeff Berndt profile image91
      Jeff Berndtposted 7 years ago in reply to this

      That guy should be fired.

      "What makes you think the same thing won't happen with Obamacare?"

      Back when I was writing calibration guidelines for Delphi, one of the guys who worked in a cube near mine got caught wasting company time looking at porn in the internet.

      He was fired.

      But the fact that a guy who worked for Delphi looked at porn while on the job does not mean that everything Delphi makes or does is worthless.

      1. ledefensetech profile image79
        ledefensetechposted 7 years ago in reply to this

        Agreed, but as you said, the guy was fired.  It might surprise you to know that I once worked for a government agency.  It wasn't a good fit.  Think corporate big business environment, only 10 times worse.  At least a business has to be responsible to it's customers.  Well if they want to stay in business.  Since government agencies run off tax money, the essentially have guaranteed funds.  Therein lies the difference.  A firm can be penalized for poor performance a government agency is forever....at least until the next revolution.

      2. BDazzler profile image84
        BDazzlerposted 7 years ago in reply to this

        This is not just one guy. The article shows a wide spread pattern of this type of thing.

        Therefore, your anaology does not apply.  Your guy was a cube jockey ... a worker bee.  His supervisor, who was doing his job fired him.  This is good.

        However, if a large number of Delphi corporate officers are looking at porn rather than designing or writing or doing what they are supposed to do, then the quality of the supervision goes down and soon nobody is checking the quality of the work being written and so even if the worker bees are NOT looking at porn, the quality of the product would begin to slip.

        Standards would not be enforced.  Vision would not be communicated.  etc.

        If a few highly paid supervisors at Delphi were doing this, soon everything Delphi did would be worthless.

        THAT is what's happening at the SEC.  These are not worker bees. These are Attorneys.  The phrase was "Senior employeeS" .. Plrual...

        Nobody is watching these guys. Except the voters.

  2. ledefensetech profile image79
    ledefensetechposted 7 years ago

    A question for those who think that government run healthcare is a good thing.  What makes you think the same thing won't happen with Obamacare?  If it happens in the SEC, it's bound to happen in other agencies too.

    1. BDazzler profile image84
      BDazzlerposted 7 years ago in reply to this

      Oh, boy that's what I want, some highly paid bureaucrat watching porn when he's supposed to be making sure I'm getting the health care I need...

      Yeah, I can see where this is a great idea ... I know! Let's have a bureaucracy to over see the bureaucrats!

  3. William R. Wilson profile image60
    William R. Wilsonposted 7 years ago

    Can anyone name the logical fallacies exhibited by the OP?

    I can see at least two.

    1. BDazzler profile image84
      BDazzlerposted 7 years ago in reply to this

      Sarcasm need not be logical.

 
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