Posted To: Pipeline Press

Hey, if you can't beat 'em, join 'em . I bet many wouldn't mind making nearly a quarter million a year being a "cutting edge" CFPB regulator - link . Compare that to a story last week in the Wall Street Journal noting, "Government regulators will cut sharply the pay of the executives they hire to succeed the departing heads of Fannie Mae and Freddie Mac, said regulators, which may make it difficult for the struggling mortgage-finance giants to attract and keep qualified chief executives. Some officials even have floated the idea of paying a salary of $1. Whatever ultimate pay arrangement is approved by regulators for Freddie could set a precedent that would be adopted by Fannie." MBA President David Stevens warns that the pool of CEO candidates will shrink as compensation for the post (which...(read more)