Democrats Face Steep Hurdles to Replace FDIC Chairman in Wake of 'Abusive' Conduct at Agency

Democrats Face Steep Hurdles to Replace FDIC Chairman in Wake of ‘Abusive’ Conduct at Agency


President Joe Biden and congressional Democrats would face steep hurdles if they were to replace Federal Deposit Insurance Corporation (FDIC) Chairman Martin Gruenberg in the wake of an explosive report that detailed “abusive” and “unprofessional conduct” at the agency under his watch.

Senior Republicans, including House Republican Whip Tom Emmer (R-MN), House Financial Services Committee Chairman Patrick McHenry (R-NC), and Senate Banking Committee Ranking Member Tim Scott (R-SC) have called on Gruenberg to resign after an independent review found that the FDIC’s working environment was “hostile, abusive, and unprofessional.”

The Associated Press reported:

The incidents span from field offices to headquarters in Washington, and “arose within a workplace culture that is ‘misogynistic,’ ‘patriarchal,’ ‘insular,’ and ‘outdated’ — a ‘good ol’ boys’ club where

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