Of course the feds make more doing everything.
Check it out:
Private sector bankers are greedy and overpaid, right? Turns out federal regulators overseeing the banks are rolling in the dough too.
The American Enterprise Institute’s Paul H. Kupiec concluded in a recent report that the average employee of a federal bank regulatory agency received well over two times the average compensation of a private banker.
Kupiec explains that in 2012 the average annual salary of a private bank employee was $49,540, which is only slightly above the annual compensation across all occupations, $45,790.
Federal bank regulators enjoyed much higher payroll checks. The study says that before the Dodd-Frank Act, the average employee of a federal bank regulatory agency earned 2.3 times the average compensation of a private banker. As of last year, that ratio increased to over 2.7 — and in some cases considerably more.