Political Quotes

“Madam President, I rise to urge my colleagues to join me in supporting the nomination of Martin Gruenberg to be a member and chairperson of the board of directors of the Federal Deposit Insurance Corporation--what most of America knows as FDIC. Mr. Gruenberg is an extraordinary and qualified nominee who came out of the Banking and Housing Committee with bipartisan support. He has been confirmed by the U.S. Senate, unanimously, five times. Senator Toomey, the ranking member of the Banking Committee, someone whom I have not always agreed with on nominations, voted in favor of Mr. Gruenberg's nomination as part of a bipartisan package to fill the FDIC Board. I thank my departing friend from Pennsylvania for his support and his cooperation. Mr. Gruenberg's credentials speak for themselves: a career public servant, the longest-serving member of the FDIC board. As I said, the Senate has confirmed him unanimously five times. He has been nominated and confirmed over and over again. He first joined the FDIC in 2005 after spending 25 years on Capitol Hill and working as a senior counsel on the Senate Banking, Housing, and Urban Affairs Committee for Senator Sarbanes. As the Presiding Officer knows, this committee has just been known as the Banking Committee for some time, and the Banking Committee was, essentially, Wall Street's committee. When I took over as chair, we emphasized this committee is Banking, Housing, and Urban Affairs.…”