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

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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.  Fuel your success with Forbes. Gain unlimited access to premium journalism, including breaking news, groundbreaking in-depth reported stories, daily digests and more. Plus, members get a front-row seat at members-only events with leading thinkers and doers, access to premium video that can help you get ahead, an ad-light experience, early access to select products including NFT drops and more:  https://account.forbes.com/membership/?utm_source=youtube&utm_medium=display&utm_campaign=growth_non-sub_paid_subscribe_ytdescript   Stay Connected Forbes on Facebook: http://fb.com/forbes Forbes Video on Twitter: http://www.twitter.com/forbes Forbes Video on Instagram: http://instagram.com/forbes More From Forbes:  http://forbes.com

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.

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