POLITICS

Part-Time Fannie Mae Board Members Making $160,000 A Year

It's good work if you can get it. The Washington Post reports that Fannie Mae announced its new 10-person board of directors today. The article reports the members will get $160,000 each, with the chairperson getting $250,000. Heading a committee can get you an additional $25,000.

The remarkable part of this story is that the Washington Post reporter could not find a single person who thought that paying part-time workers $160,000 a year was a board idea. There is absolutely no one cited in this piece who raised a question about the compensation levels for the board.

Read more on The American Prospect