Republicans on Monday said that the Biden administration is putting politics over protecting workers at the Federal Deposit Insurance Corporation as Democrats work to ensure control of the embattled agency.“In light of recent events, I am prepared to step down from my responsibilities once a successor is confirmed,” Gruenbergin a written statement.
“Chair Gruenberg is once again putting Democrats’ politicized regulatory agenda ahead of the wellbeing of the FDIC and the stability of our financial system,” said Chairman McHenry. “While his intent to resign will be welcome news to the FDIC employees who have been subjected to an appalling culture of misconduct and abuse—this announcement is too little, too late. Deep institutional changes at the FDIC are needed now.
Senate Investigation: BMW, Jaguar, Volkswagen Imported Cars and Parts to U.S. Made with Chinese Slave Labor
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