Daniel Indiviglio of The Atlantic asks Did Porn Cause the Financial Crisis? and then asks us not to consider it a joke question. Sorry, it is a joke question. I don’t care how much porn people at the SEC were watching at work. What caused the financial crisis was the issuance of credit to bad credit risks, the gaming of dishonest rating agencies, and the development of financial products that created these perverse incentives and destroyed any semblance of accountability. A couple of SEC executives watching porn all day at work was insignificant compared to what the Federal Reserve and Wall Street executives allowed to happen.
As a general rule, an employee who spends all day watching porn proves that his job is superfluous, not that he is indispensable for the company’s success.
