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View Diary: Yves Smith’s Devastating Takedown Of BofA’s Not-So-Independent Foreclosure Review, Part I of V (87 comments)

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  •  To do the math (2+ / 0-)
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    elwior, LilithGardener

    If you are senior enough to have your own firm, let's assume the bank paid $400/hour for you, and that you got half of that. For the other eight, let's assume the bank paid $250/hour, you got half of that, and then paid them $100/hour--i.e., your margin was $25/hour. Since people work like dogs on those projects, let's assume 60 hours/week @ 50 weeks/year.

    By my math, you made $1.2 MM a year, plus travel expenses if appropriate.

    Not bad!

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