Al Green Demands Senate Confirm Biden’s New FDIC Chair Nominee Who Will Rectify ‘Toxic’ Culture

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During a House Financial Services Committee hearing on Wednesday, Rep. Al Green (D-TX) spoke about Chairperson Martin Gruenberg’s intention to resign and urged the Senate to confirm his successor.   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

00:00The gentleman yields back.

00:04The Ranking Member of the Subcommittee on Oversight and Investigations, Mr. Green, is

00:07recognized for one minute.

00:09Thank you, Mr. Chairman.

00:10I thank the Ranking Member as well, and I associate myself with the comments of the

00:15Ranking Member.

00:17Mr. Chairman, Chair Gruenberg has stated that he will step down.

00:23He will step down from his position once a successor is confirmed.

00:29I'd like to thank President Biden for putting forth a capable, competent, and qualified

00:35nominee, and I encourage the Senate to confirm this nominee as quickly as possible.

00:42Confirm this nominee who will rectify the toxic causality that resulted in appropriate

00:49conduct at the FBIC.

00:52I do concur with the Ranking Member, the employees, the persons who work there in all facets of

00:59work deserve a safe and secure work environment.

01:03I trust that the Chair and his successor, the new Chair who will succeed Gruenberg,

01:12will work prudently to strengthen banking regulations, capital requirements, as well

01:17as rein in incentive-based executive compensation that encourages excess risk-taking, and again,

01:24produce a safe work environment.

01:27I thank you, and I yield back.

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