Alright, everyone, looks like we’ve got a bit of good news.
FDIC Chairman Martin Gruenberg just announced on Monday he’s resigning.
This comes after of a probe that uncovered a degenerate culture of sexual harassment and discrimination at the agency.
Turns out there are numerous claims that he was an angry, aggressive guy.
Gruenberg being aggressive and harsh? Imagine my shock.
And this took place at the “prestigious” FDIC.
You know, the Federal Deposit Insurance Corporation that’s a “United States government corporation supplying deposit insurance to depositors in American commercial banks and savings banks.” (Wikipedia)
Glad to know such an upstanding guy is looking over our banking system.
Gruenberg said, “Given recent events, I’m ready to step down once a successor is confirmed. Until then, I’ll keep handling my duties as Chairman, including overhauling the FDIC’s workplace culture.”
Did you catch that? He’s “ready” rather than saying that he’s stepping down immediately.
He doesn’t want Vice Chairman Travis Hill, a Republican, to take his place so he’s waiting it out.
FDIC Chairman Martin Gruenberg to Resign Following Report Detailing Sexual Harassment at Agency – The Wall Street Journal https://t.co/TT7qL7LX0s
— Mike Mitzner (@mitzner_mike) May 20, 2024
NBC News reports:
Federal Deposit Insurance Corporation Chairman Martin Gruenberg announced Monday that he will resign, after a recent probe found a widespread culture of sexual harassment and discrimination at the independent agency.
“In light of recent events, I am prepared to step down from my responsibilities once a successor is confirmed,” Gruenberg said in a statement. “Until that time, I will continue to fulfill my responsibilities as Chairman of the FDIC, including the transformation of the FDIC’s workplace culture.”
Following Gruenberg’s announcement, Deputy White House Press Secretary Sam Michel said President Joe Biden would “soon” name his nominee for the position.
“The President will soon put forward a new nominee for FDIC Chair who is committed to those values and to protecting consumers and ensuring the stability of our financial system, and we expect the Senate to confirm the nominee quickly,” Michel said.
The announcement follows an earlier statement from Sen. Sherrod Brown, D-Ohio, who Monday morning called on Biden to “immediately nominate a new Chair” and said the Senate should “act on that nomination without delay.”
ADVERTISEMENTWith his statement, Brown broke from fellow Democrats, who largely condemned the allegations but refrained from pushing for Gruenberg’s resignation, instead calling for him to drive changes at the agency.
Law firm Cleary Gottlieb in April released a scathing report detailing an alleged culture of “sexual harassment, discrimination, and other interpersonal misconduct” at the FDIC.
The 174-page report, which drew from accounts of more than 500 people, also included, in part, allegations of Gruenberg’s short temper, accusing him of engaging in bullying and verbal abuse. Employees described the chairman as “aggressive” and “harsh,” according to the report.
Gruenberg wants to make sure he’s not replaced by a Republican so he’s dragging his feet.
FDIC Chairman Martin Gruenberg announced he will resign after a successor is confirmed, preventing FDIC Vice Chairman Travis Hill, a Republican, from becoming the acting chairman.#FDIC #MartinGruenberg #Finance https://t.co/yeO7ECoNTU pic.twitter.com/Llz3TmMFHy
— MSN (@MSN) May 20, 2024
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