McConnell Remarks On FDIC Chairman Martin Gruenberg
‘[D]espite alarming reports about rampant sexual harassment, abuse, and retaliation at the FDIC, Senate Democrats in positions to insist on change have pulled their punches. Instead of calls for Mr. Gruenberg’s prompt resignation, we’ve heard everything from confidence in his ability to lead change at the agency to delicate suggestions that the President nominate a new chair.’
WASHINGTON, D.C. – U.S. Senate Republican Leader Mitch McConnell (R-KY) delivered the following remarks today on the Senate floor regarding the FDIC:
“Yesterday, FDIC Chairman Martin Gruenberg announced he was prepared to step down from his position and expressed pride in maintaining public confidence in the nation’s banking system.
“Unfortunately, there is little such confidence in his ability to foster a safe working environment for the agency’s employees.
“But despite alarming reports about rampant sexual harassment, abuse, and retaliation at the FDIC, Senate Democrats in positions to insist on change have pulled their punches. Instead of calls for Mr. Gruenberg’s prompt resignation, we’ve heard everything from confidence in his ability to lead change at the agency to delicate suggestions that the President nominate a new chair.
“The senior-most members of the Banking Committee apparently can’t bring themselves to call a spade a spade.
“Surely their reluctance has nothing to do with the FDIC’s line of succession, which would fill a vacancy with the agency’s distinguished vice chair, who happens to be a Republican. Surely our colleagues wouldn’t play politics in the face of such glaring failures of leadership at a major regulatory authority.
“The Senate’s oversight responsibility is serious business. I hope our colleagues in the majority are up to the task.”
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Related Issues: Nominations
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