Showing posts with label timing. Show all posts
Showing posts with label timing. Show all posts

Sunday, April 25, 2010

Timing of SEC Porn Scandal


If the stories are true about a handful of SEC employees downloading porn on the agency dime, then undoubtedly they should be ashamed and held accountable for their actions. Without pointing fingers, it does seem, however, that certain media outlets are embellishing the magnitude of this "tragedy."

It just seems to me that the timing of this scandal is suspect to say the very least. Not even a week prior to this story breaking, the SEC filed fraud charges against Goldman Sachs. It is no big secret that former Goldman Sachs executives seem to find their way into powerful government positions upon retirement from the private sector, most notably of course with the Department of the Treasury.

I sincerely hope that we see some responsible journalism regarding the SEC lawsuit. While SEC employees downloading porn is certainly unacceptable, this issue outshining what could very well be a productive case against Goldman Sachs would be the real tragedy.