It could be that the Web page you're trying to view simply is missing its images, or Internet Explorer may be goofing up on rendering the page.
If no images are ever displayed, you might want to check this setting:
1. Open Internet Explorer
2. Click on Tools at the top of the screen
3. Click on Internet Options
4. Click on the Advanced tab
5. Scroll down the list till you see Show pictures and make sure that is checked.
Or: click here