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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]DP. Yes, admins at FinRegs are massively overpaid. In fact, there are federal government compensation reports that broadly conclude that admins are overpaid across the system. Add the additional pay that such jobs receive at FinRegs and it’s criminal. For the poster(s) who think this is ok, it’s disgusting. It’s a [b]waste of taxpayers money[/b] and it fails to differentiate between much-needed, agency specific skills and generic admin work. I used to work at the FRB and admin jobs were essentially welfare for minority women. You couldn’t get a admin job unless you were one. Once hired, they get the agency to pay for a worthless online degree (as noted by an earlier poster) and yelp for more money. Never, never, never could these people make in base pay, bonus, and benefits what they make at FinRegs for doing the same amount and level of work. In fact, most of the admins hardly do anything. I never used them because it was all attitude, stubbornness, and a waste of time. [/quote]

Can you explain how taxpayers contribute to salaries at finregs, particularly at FRB?[/quote]

Money the FRB doesn’t use goes to Treasury. In the end, it’s all government money. Even if it wasn’t, the agencies should make better use of their assessments, which comes from banks who pass along their costs to consumers. You make it sound like there’s a free lunch here. There isn’t. [/quote]

You agree that people's taxes are not used to pay these salaries, correct?[/quote]

Another DP here. I think that PP was pretty clear. Excess Fed funds go to Treasury, and decreasing the funds paid to Treasury is a cost to taxpayers. Yes, everyone at the Fed's salary is paid by the taxpayer. [/quote]

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