Taxpayers Fund $454,000 Pay for Collector Chasing Student Loans

[Turbineguy]

Joshua Mandelman made $454,000 in a single year as a student-loan debt collector -- more than twice the pay of the U.S. secretary of education.

His boss, Richard Boyle, chief executive officer of Educational Credit Management Corp., received $1.1 million in 2010, including commuting expenses from his ranch in New Mexico. Five other managers each took home more than $400,000.

http://www.bloomberg.com/news/2012-05-15/taxpayers-fund-454-000-pay-for-collector-chasing-student-loans.html

In the US there's good money to be made from the misery of others.

[Woody Woodpecker]

1. Maybe I should quit looking for jobs in the IT sector

and go into the debt collecting business.

Been hit with two debt collectors and they seemed to be happy to revel into others misery.

But I know it is a dangerous job sometimes.