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Guess Who Makes More Than Bankers: Their Regulators

17 pointsby wikiburnerabout 11 years ago

4 comments

johnhessabout 11 years ago
The really disgusting part of the article is this gem (emphasis mine):<p>&gt; The average compensation at the Office of the Comptroller of the Currency (OCC), the Federal Deposit Insurance Corp. (FDIC) and the Consumer Financial Protection Bureau (CFPB) exceeded $190,000 in 2012. The staff at the Federal Reserve is likely even better compensated, but <i>the Fed refuses to release employee salaries</i>.<p>Even more concerning, today there is little to no oversight of the rents the agencies can extract since the salaries aren&#x27;t paid with tax dollars. Rather, they&#x27;re paid using fees charged to the regulated institutions.
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mathattackabout 11 years ago
This seems to be a play on words. The regulators get better pay than sleepy mom and pop commercial bankers, but not more than investment bankers.
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markcampbellabout 11 years ago
Gee, does the <i>Wall Street</i> Journal have any interest in deflecting attention from investment bankers?
stuaxoabout 11 years ago
Pretty meaningless numbers - taking the average of someone working in the sector.