It’s hard to live on half a million

Obama recently stated that he wanted to curb salaries of executives of receiving federal bailout money to a maximum of $500,000.

Of course, everyone balked. Bankers said it as too low, the general public said it was too high.

The New York Times recently released an article on the 6th detailing how a New York banker could use the $500,000 in an attempt to live their former lifestyle.

They’d have to take their kids out of private school, do without their driver and their trainer, among other things.

NYT article.


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