Just Because Washing Down Endless Daily Porn Surfing With Some Taxpayer Funded Happy Hour Never Felt So Good

From a reader:

Surprised to find out that the tax payer may be footing the bill for the SEC’s bar tab.  Tried to grab a beer at the Gin Mill Bar in NYC the other night, but with 100 members of the SEC inside, it kinda killed the vibe.   See attached.    

Well, in all honesty this beats the AIG taxpayer funded trip to Ritz Carlton Half Moon Bay. Plus, being so corrupt and so incompetent (telling someone you work for the SEC creates a whole new category in mental visualization) as the average SEC worker, is in fact hard work. These are traits that in a different century, Charles Darwin would likely say should be critical for sexual selection... cue porn jokes here.

And seriously, what better use of their time to SEC staffers have? Suddenly Goldman isn't hiring SEC drones direct into its Correlation and Mortgage trading desks. As for enforcement - well, they can always just read a blog or two and catch up on those criminals they fell like dealing with.

Now back to porn and bitching about a sub-$1 billion budget.