On the recordMay 16, 2024
Madam Speaker, yesterday, in our House Financial Services Committee, we had a big day. It was, frankly, a sad and tragic day because it was a day to explore what had happened at the FDIC, the Federal Deposit Insurance Corporation. There was an independent report, the Cleary Gottlieb report, as it is known, which had heard from 541 individual whistleblowers who were outlining the hostile work environment that exists at the FDIC. Sexual harassment, racial discrimination, general temper tantrums, and bad behavior abound. Some say that this has been happening for a long time. That is true, but there is one person, one man, who has been in charge of the FDIC for 10 of the last 13 years. He is now on his third tour of becoming the Chair, and these complaints stretch back to each time that he has been chairman. In fact, the other two intervening chairs, Sheila Bair from President Obama and Jelena McWilliams from President Trump, have spent their time cleaning up the mess that Martin Gruenberg has created at the FDIC. The bottom line is, Madam Speaker, if you created the environment, you can't fix the environment, and you are not the right person for the job. If you say everyone will be held to a higher standard from now on, yet will not hold yourself to that same standard, you are not the right person for the job. Madam Speaker, the time has arrived for the FDIC Chairman Martin Gruenberg to resign or be fired. ____________________





