Tuesday, December 22, 2009

Richly Rewarding Abject Failure

The Senate Finance Committee approved Ben Bernanke's nomination for a second term to head the Federal Reserve.

Interesting that someone who participated in the greatest National Financial Debacle since the Great Depression is being richly rewarded for his efforts with a another chance to head the great unregulated Federal Reserve.

How richly rewarded? Annual salary at the Fed will be ~$200,000 in his next term.

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