PDA

View Full Version : Geithner gets $435,000 severance pay from Fed Reserve Bank job




JohnJay
01-28-2009, 10:38 AM
"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."

http://news.yahoo.com/s/politico/20090128/pl_politico/18074

The new disclosure filing showed that Geithner earned $411,200 in wages last year in his former job
as president of the New York Federal Reserve Bank. He also received a severance payment from the bank totaling $434,668.

I guess he will be watched pretty closely, and while it looks like it is more of a cash out of a retirement account,
it does show he doesn't seem to have too much confidence in where he's leading us.

Do you ? maybe NOT with Tim "Take the Money and Run" Geithner in charge.