Republicans claimed on Monday that the Biden administration is working to maintain control of the troubled agency while putting politics before protecting workers at the Federal Deposit Insurance Corporation ( FDIC ).
FDIC Chairman Martin Gruenberg stated that he would step down after a person named as a leader to the organization is chosen.
” In light of recent events, I am prepared to step over from my duties when a leader is confirmed”, Gruenberg said in a written statement. ” Until that moment, I will continue to fulfill my duties as president of the FDIC, including the conversion of the FDIC’s work society.”
The Associated Press ( AP ) noted:
The incidents span from field offices to headquarters in Washington, and “arose within a workplace culture that is’ cruel,’ ‘ patriarchal,’ ‘ insular,’ and ‘ outdated’ — a ‘ good ol’ boys ‘ club where favoritism is typical, wagons are circled around managers, and senior executives with properly- known reputations for pursuing romantic relations with subordinates enjoy long careers without any apparent consequence”, the report states.
More than 500 staff reported instances of abuse, prejudice and other problems.
Republicans were horrified that Gruenberg may simply step down as soon as a replacement was chosen, ensuring Democrat agency control.
Sen. Tim Scott ( R- SC), the ranking member of the Senate Banking Committee, said in a speech:
If Democrats and President Biden had the guts to support workers and change the toxic work environment at FDIC, they would demand Chairman Gruenberg’s resignation right away. This draw-it-out approach makes it abundantly clear that this leadership prioritizes their social goals over ensuring the safety of workers.
Sen. Joni Ernst ( R- IA ) said in an emailed statement:
It’s past time for President Biden to take serious behavior now that the FDIC frat party is over. The Biden presidency is placing politics before protecting women at work by failing to fire and quickly replace Chairman Martin Gruenberg to maintain Democrats retain control of the FDIC’s Board of Directors. Gruenberg must leave today, and those responsible for instilling a culture of misconduct should be investigated and quickly fired from the FDIC, but that public servants can concentrate on serving Americans rather than their animal behavior.
In a speech, Patrick McHenry, chairman of the House Financial Services Committee, stated:
Chairman McHenry noted that Chairman Gruenberg is once more putting the Democrats ‘ political regulation agenda before the balance of the FDIC and the balance of our financial system. Although his resignation will be good news for FDIC employees who have been a victim of an abhorrent society of wrongdoing and abuse, this announcement is too little, too late. Serious institutional adjustments at the FDIC are required right away. There is a well-defined succession plan in place, and if he clearly stepped down today, the organization’s operations may continue apace. This is yet another illustration of Chair Gruenberg’s refusal to accept accountability for his deeds.
He continued”, I urge Liberals to meet me in calling for Chair Gruenberg’s fast termination.”
For Breitbart News, Sean Moran covers scheme reporting. Following him on Twitter , @SeanMoran3.
