Thursday, January 29, 2009

New York Federal Reserve Makes GOOD Investment.

Don't let the screen door hit ya in the wallet? How will our new Treasury Secretary Tim Geithner pay all those back taxes
The Politico - "Newly minted Treasury Secretary Timothy Geithner’s finances got a recent boost, thanks to a plump $435,000 severance payment from his old employer – the Federal Reserve Bank of New York.

In addition, Geithner last year earned $411,000 as president of the New York Fed and got another $50,000 to $100,000 for unused vacation and comp time, according to a mandatory financial disclosure statement released by the Office of Government Ethics."

Just see it as the Federal Reserve Bank of New York getting rid of a guy that can't manage money. Looked at that way, it's a great investment.

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