Obama Administration Gave Petraeus's Wife a $187,605-Per-Year Job
November 15, 2012
The Obama administration named Holly Petraeus--wife of retired Gen. David Patraeus, who resigned last week as CIA director after revealing he had had an extramarital affair--to a $187,605-per-yer job in the newly formed Consumer Financial Protection Bureau (CFPB).
The CFPB, created by the Dodd-Frank law, was placed by that law under the umbrella of the Federal Reserve. The funding of the CFBP, which comes from the Federal Reserve, is not subject to congressional oversight.
Mrs. Petraeus became a member of the CFPB Implementation Team on Jan. 12, 2011. She is now the assistant director for the Office of Servicemember Affairs. Her position pays an annual salary of $187,605, according to the communications office of the bureau.
The communications office also confirmed to CNSNews.com that Mrs. Petraeus' post at the bureau did not require Senate confirmation.
On Jan. 6, 2011, Elizabeth Warren, then assistant to the president and special advisor to the secretary of the treasury for the CFPB (and now senator-elect from Massachusetts), posted a blog about Mrs. Petraeus' new job on the White House website.