SEC and Pornography: Workers Spent Hours on Porn Sites Instead of Stopping Fraud

On a day when President Obama argued for more government regulation over the financial industry, a new government report reveals that some high-level regulators have spent more time looking at porn than policing Wall Street. The Securities and Exchange Commission is supposed to be the sheriff of the financial industry, looking for financial crimes like Bernard Madoff's Ponzi scheme. But the new report, obtained by ABC News, says senior employees of the SEC spent hours on the commission's...Full Story