by Mike Masnick
Wed, Dec 19th 2007 4:43pm
Well if the FBI can have a terrible computer system that's useless at catching terrorists, should it really be much of a surprise that the SEC has a computer system that isn't particularly useful at catching insider trading? That, at least, is the word from the Government Accountability Office (GAO) in its latest report to Congress. Apparently the GAO found that the SEC's computer system can't even search referrals from its own investigators concerning insider trading. Of course, what's not clear (at least from the article) is how much the SEC paid for this computer system... and how much more it will cost to get one that's actually useful.
If you liked this post, you may also be interested in...
- LA School District's iPad Farce Reaches Nadir As Officials Demand Refunds From Apple, Answer Questions From The SEC
- Congress Can't Even Get Its Own Cybersecurity Right, So Why Should We Let It Define Everyone Else's?
- SEC Boss Can't Keep Her Story Straight On Whether Or Not SEC Snoops Through Your Emails Without A Warrant
- MPAA's Chris Dodd Tells Each Movie Studio To Donate $40k To Rep. Goodlatte's Election Campaign
- New Appointees To Congressional Oversight Committees Have Deep Ties To Military/Industrial Contractors And The CIA