GOP Blames Watching Porn for Wall Street Crash!

Oh boy, let's pass the blame.

(AP) - Republicans are stepping up their criticism of the Securities and Exchange Commission following reports that senior agency staffers spent hours surfing pornographic websites on government-issued computers while they were supposed to be policing the nation's financial system. California Rep. Darrell Issa, the top Republican on the House Oversight and Government Reform Committee, said it was "disturbing that high-ranking officials within the SEC were spending more time looking at porn than taking action to help stave off the events that put our nation's economy on the brink of collapse."

That's what caused the crash, watching porn. It wasn't deregulation, or not enforcing the laws on the books, allowing the "free market" to work its miracles. It was a few employees watching porn, and most of it AFTER the crash.

The SEC's inspector general conducted 33 probes of employees looking at explicit images in the past five years … the memo says 31 of those probes occurred in the 2 1/2 years since the financial system teetered and nearly crashed.

So how is the media treating the phony outrage and irresponsible Republican lawmakers comments and blame shifting? Like it really means something, what else.

The memo provides fresh ammunition for Republicans who suspect the timing of the SEC's lawsuit last week against Wall Street powerhouse Goldman Sachs Group Inc. News of the suit came as the Senate prepared to take up a sweeping overhaul of the rules governing banks and other financial companies.

Republican lawmakers also accused the SEC of being influenced by politics.

Gee, ya think? You'll notice below the free market capitalist conservative commissioners at the SEC didn't want an investigation. After all, the whole private sector thing is "self adjusting." Government should stay out of crashing global markets.

The SEC's commissioners approved the Goldman charges on a rare 3-2 vote. The two who objected were Republicans.

Big surprise! Republicans opposed charging Goldman with anything.

The definition of insane…is Republican economics.