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For the past 12 years, FDIC Chairman Gruenberg has failed to prevent the agency's growing toxic culture and misconduct. There are no more excuses for this deeply ingrained negative workplace. It is time for his immediate resignation. https://t.co/7ZA3T8igy3
The time has long passed to turn the page on FDIC Chair Gruenberg. His resignation in disgrace is long overdue. A top to bottom reset begins January 19th.
At today's @FinancialCmte hearing, I raised concerns with Chairman Gruenberg over his failed leadership at the FDIC. He has failed on numerous fronts, and I am looking forward to a drastic change of direction in January. https://t.co/GqnFAJfmeo
The Federal Deposit Insurance Corporation (FDIC) is facing significant scrutiny following a recent hearing of the House Financial Services Committee, where multiple representatives criticized Chairman Martin Gruenberg's leadership. Representative Frank Lucas expressed concerns that the FDIC’s proposed board governance rule could undermine risk management practices and increase risks within the banking system. He urged Gruenberg to withdraw the rule during the hearing. Additionally, Representative Mike Lawler highlighted Gruenberg's failures in leadership and called for a change in direction beginning January 19, 2025. Representative Monica D.L.C. criticized Gruenberg for not addressing the agency's toxic culture and misconduct over his 12-year tenure. Senator Joni Ernst echoed these sentiments, stating that Gruenberg's resignation is overdue. Reports indicate that Gruenberg has announced his resignation, although the specific date was not provided.