Geithner receives large severance sum

Politico reports:

Newly minted Treasury Secretary Timothy Geithner’s finances got a recent boost, thanks to a plump $435,000 severance payment from his old employer – the Federal Reserve Bank of New York.

In addition, Geithner last year earned $411,000 as president of the New York Fed and got another $50,000 to $100,000 for unused vacation and comp time, according to a mandatory financial disclosure statement released by the Office of Government Ethics.

News of his nearly half-million dollar severance payment comes as Geithner embarks on helping President Barack Obama sell the $825 billion stimulus package, designed to help struggling Americans. Geithner came under fire this month from Republicans after he admitted improperly filling out his income taxes and making $42,000 in delinquent payments.

What better proof than this the Federal Reserve Bank of New York isn't "really" a governmental institution?