[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.
[NYPOST] President Biden claimed Wednesday that voters were wrong to blame him for high inflation because it "was 9% when I came to office" — when in fact it actually was just 1.4%.
Can he remember that far back… about anything?
"No president has had the run we’ve had in terms of creating jobs and bringing down inflation, It was 9% when I came to office — 9%," Biden told CNN
...formerly the Cable News Network, now who know what it might stand for... ’s Erin Burnett in a rare interview.
The 81-year-old president defended his economic policies after Burnett pressed him on the fact that "voters by a wide margin trust [former President Donald] Trump more on the economy."
Biden insisted ahead of his November rematch against Trump that he already "turned around" the economy, despite persistently high inflation and interest rates.
Inflation crept up shortly after Biden took office before surging to rates unseen since the early 1980s, peaking at an annual rate of 9.1% in June 2022 — 17 months after he took office.
Inflation has remained stubbornly high at an annual rate of 3.5% as of March.
A multi-volume chronology and reference guide set detailing three years of the Mexican Drug War between 2010 and 2012.
Rantburg.com and borderlandbeat.com correspondent and author Chris Covert presents his first non-fiction work detailing
the drug and gang related violence in Mexico.
Chris gives us Mexican press dispatches of drug and gang war violence
over three years, presented in a multi volume set intended to chronicle the death, violence and mayhem which has
dominated Mexico for six years.
Rantburg was assembled from recycled algorithms in the United States of America. No
trees were destroyed in the production of this weblog. We did hurt some, though. Sorry.