Obama’s pay czar’s Kenneth Feinberg conflicts of interests

One of Comrade Obama’s czars, the “pay czar” Kenneth Feinberg who is “ruling” on some of the outrageous pay checks given to some Wall Street executives, isn’t exactly exempt himself from big paychecks and the trappings of wealth. But according to ABC, this is not the only hypocritical and ironic thing regarding Feinberg. Seems there may be conflicts of interest too:

“I guess he’s occupying a similar kind of position now, being a mediator between Treasury and the banks themselves,” Hodgson said, adding that Feinberg’s prior work should have been made public at the time of his appointment.

A one-time chief of staff to U.S. Senator Edward Kennedy, who died Tuesday, Feinberg is also active politically, making more than $300,000 in campaign contributions since 1990, mostly to Democrats, according to the Center for Responsive Politics. The recipients include Barack Obama, Hillary Clinton and Christopher Dodd, chairman of the Senate Banking Committee.

He also serves on the boards of a series of non-profits, including the John F. Kennedy Library Foundation, Human Rights First, the Washington National Opera, and RAND Institute for Civil Justice.

No TweetBacks yet. (Be the first to Tweet this post)

August 28, 2009 · Filed Under Obama Czars


Comments