‘Failed Leader’: GOP Rep Bashes Gruenberg For Putting ‘Himself & His Ego’ Before Well-Being Of FDIC

3 months ago

During a House Financial Services Committee hearing on Wednesday, Rep. Bill Huizenga (R-MI) spoke about the toxic workplace culture at the FDIC and the need for Chairperson Martin Gruenberg resign immediately.

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Transcript

00:00We'll now recognize the, uh, Chair of the Oversight Subcommittee, Mr. Huizenga, for

00:05one minute.

00:06Thank you, Mr. Chairman.

00:07We'll continue to hear, uh, Democrat colleagues today attempt to deflect blame, and we will

00:12continue to hear a litany of reasons why Chairman Gruenberg is the right man at the right time

00:17with the right ideas to reform the FDIC.

00:20However, one simple fact remains.

00:23Chairman Gruenberg is a failed leader who has put politics and a radical progressive

00:27agenda over doing what is right.

00:29He has put himself and his own ego before the FDIC employees and the well-being of the

00:34agency that he reportedly loves.

00:37Mr. Chairman, the independent report, which findings have been accepted by everyone here

00:41today, was clear on one thing.

00:43Culture starts at the top.

00:46For nearly two decades, Mr. Gruenberg has failed to recognize how his own misconduct

00:51negatively affects his own employees.

00:56Mr. Chairman, it's time for new leadership.

00:58It's time to let the agency heal.

01:01The safety and soundness of our banking system is at risk under his leadership, and Chairman

01:06Gruenberg should resign immediately or be removed by the president.

01:10I yield back.

‘Failed Leader’: GOP Rep Bashes Gruenberg For Putting ‘Himself & His Ego’ Before Well-Being Of FDIC

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