On the recordJune 20, 2024
Mr. President, I rise today to remind this body that 42 days ago, it was confirmed that Martin Gruenberg fueled a toxic workplace culture at the FDIC. Yet he is still collecting a taxpayer- funded salary. On his first day in office, President Biden said: I am not joking when I say this: If you're ever working with me and I hear you treat another with disrespect . . . I promise you I will fire you on the spot. So that begs the question: Did the President forget his pledge or is he just ignoring it? Well, President Biden, it is time to put up or shut up. At Chairman Gruenberg's FDIC, employees stalked one another. They sent coworkers unwanted sexual photos of themselves and others. They made gross, lewd, and downright sexist comments, designed to belittle, intimidate, and sexualize their female coworkers. As the FDIC's own hand-picked investigator stated, ``for far too many employees and for far too long, the FDIC has failed to provide a workplace safe from sexual harassment, discrimination, and other interpersonal misconduct.'' The FDIC needs to clean up the raunchy 1990s frat house that Gruenberg has allowed to fester, and there is no better place to start than at the top. Gruenberg has proven he lacks the skills, judgment, and temperament to lead the FDIC. How can someone who can't regulate the behavior of the Agency be trusted to regulate the banking industry? He can't, and that has been proven.…





