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FDIC chair faces calls to resign after reports of rampant sexual harassment at bank regulator
 [NYPOST] Martin Gruenberg, the chair of the Federal Deposit Insurance Corporation, is facing an influx of calls to resign after a blistering, 234-page report released Tuesday revealed widespread sexual harassment and other misconduct plaguing the federal bank regulator.The damning report, which was released by law firm Cleary Gottlieb Steen & Hamilton and was prompted by a Wall Street Journal investigation in November, did not find that Gruenberg alone was responsible for the FDIC’s toxic workplace. However, alcohol has never solved anybody's problems. But then, neither has milk... "we do recognize that, as a number of FDIC employees put it in talking about Chairman Gruenberg, culture ’starts at the top,’" the report said. Cleary Gottlieb also documented several instances in which Gruenberg — who’s served as FDIC chair since 2023, but has been a leader at the agency since joining its board in 2005 — lashed out at subordinates, "particularly when being delivered bad news or conveyed views with which he disagrees." The incidents have created an atmosphere of fear at the firm, where staffers hold back on delivering potentially upsetting news to Gruenberg, CNN ...formerly the Cable News Network, now who know what it might stand for... earlier reported. Related: Martin Gruenberg 11/16/2023 'No country for creepy old men': FDIC chief grilled over sex, nude pix at agency Martin Gruenberg 10/21/2018 Soetoro Admin Weaponized FDIC Through 'Operation Choke Point' Martin Gruenberg 04/06/2015 Shooter's Log: FDIC Chairman Chokes on 'Choke Point' Testimony Related: Federal Deposit Insurance Corporation: 2024-04-28 The first bank in 2024, Republic First, collapses Federal Deposit Insurance Corporation: 2023-11-14 Banking regulator with ‘party culture' rife with sexual harassment complaints, strip club invites: report Federal Deposit Insurance Corporation: 2023-05-02 JPMorgan takes control of First Republic's $92 BILLION deposits but not company's $100B corporate debt or preferred stock after buying bank Related: Wall Street Journal investigation: 2022-10-21 D.C. Officials Made out Like Bandits With Timely Stock Trades as COVID Struck Wall Street Journal investigation: 2022-10-12 Federal Officials Trade Stock in Companies Their Agencies Oversee Wall Street Journal investigation: 2014-05-18 Parliament Fuming After Report of Iran Recruiting Afghans to Syria Posted by: Fred 2024-05-10 |
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