The Wall Street Journal Delivers the Bad News. We’re not getting screwed by Big Bankers, who at least pretend to make their money in the open market, we are getting screwed by government regulators who get paid with tax dollars.
It is true that the very top bank executives make more in a year than most of us make in a lifetime, but compensation of this magnitude is rare. Most banks in this country are small businesses and pay employees modest salaries. The Bureau of Labor Statistics reports that the average annual salary of a bank employee was $49,540 in 2012, not much higher than the average annual across all occupations, $45,790.
Yet one group in banking stands out as highly paid—federal bank regulators. Before theDodd-FrankAct, the average employee of a federal bank regulatory agency received 2.3 times the average compensation of a private banker. By 2013 this ratio increased to more than 2.7—and in some cases considerably more.








