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FDIC Chair Martin Gruenberg said Monday that he is prepared to step down less than a week after he rebuffed bipartisan calls to resign, a shake-up that could have implications for an aggressive ...
Sheila Bair, who was chair of the FDIC through the 2008 financial crisis and was one of the most prominent voices from government at that time, posted on Twitter on Monday that it would be best ...
Gruenberg has been at the FDIC since 2005 and is the longest-serving FDIC board member in the agency's 89-year history. During that time he served as its chair twice - once under President Barack ...
While many Congressmen have called for him to resign or for President Biden to remove him from office, Chair Gruenberg has asserted that he is committed to leading and transforming the FDIC. [17] [18] However, on May 20, 2024, Martin Gruenberg announced he would be prepared to step down once a successor is confirmed. [19]
The investigators added in the report that “Gruenberg’s reputation raises questions about the credibility of the leadership’s response to the crisis and the ‘moral authority’ to lead a ...
“The President will soon put forward a new nominee for FDIC Chair who is committed to those values and to protecting consumers and ensuring the stability of our financial system, and we expect ...
Gruenberg was sworn in as FDIC chair in January 2023, served on the board since 2005, and held the vice chair from August 2005 to July 2011. ... I am prepared to step down from my responsibilities ...
The most devastating example is his dishonest and inept response to the COVID-19 pandemic, which cost more than 190,000 Americans their lives by the middle of September. He has also attacked environmental protections, medical care, and the researchers and public science agencies that help this country prepare for its greatest challenges.