Skip to comments.Judicial Watch Discovers Generous Salaries and Bonuses for Government Finance Agencies Staff Members
Posted on 10/25/2011 12:58:09 PM PDT by Stayfree
A dozen new hires take home more than $225,000 a year
the agency doled out from $400 to $5,000 in bonus income to employees already earning $225,000 or more per year
The OCC responded on August 22, 2011, the SF-50s indicating that 85 workers earn $225,000 or more per year. The employee names, as well as the legal authority under which the pay raises were issued, were blotted out.
(Excerpt) Read more at facebook.com ...
More fodder for the GOP 2012 campaign ...
I think part of the problem here is the SEC and CFTC want to incentivize financial markets experts to go to the regulators instead of the financial industry. Financial markets expertise is very valuable and difficult to acquire, needless to say. $400 - $5,000 bonus is very tame by financial industry standards. But I’ll admit my base is much lower than the $225K these guys are supposedly getting.
Part of the problem in the 2008 crisis and Madoff etc. is that the employees at the SEC and CFTC were simply too stupid and incompetent and lazy to get jobs in the industry, which is why they went to work for regulators. England pays their FSA employees up to financial industry standards, and the FSA is better than our regulator agencies. Certainly, part of that may be that schools in England actually teach their students how to read.
Of course, if instead of trying to regulate every facet of our financial and industrial markets, we allowed people the liberty our Constitution and Founders always intended, and required them to suffer their own losses as God intended, then we wouldn’t need to have all these regulators who are financial experts and therefore command high salaries.
Well, well, well! How the tables have turned! It seems like only yesterday that Obama was complainin’ that bonuses were bein’ given to bankers who had received taxpayer money.
Now here Obama is giving bonuses to US Federal Government employees “who have received taxpayer money.”
Maybe Obama even gave himself a cash bonus? As Obama keeps telling us those who have corporate jets are not paying their fair share.
Resign or be Impeached, Obama: WE JUST CAN’T WAIT!
I’ll bet the occupy wall street bunch is ok with this.
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