Biden May Nominate New FDIC Chair Next Week: Sources (Connecting the Dots: The U.S. Federal Deposit Insurance Corporation (FDIC), The Commodity Futures Trading Commission (CFTC), The Economic Club of Washington, The Smithsonian Institution, Joe Biden, Hunter Biden, Kamala Harris & Soros Funding, All Networking)
Friday,
24 May 2024 04:59 PM EDT
https://www.newsmax.com/finance/streettalk/biden-fdic-nominee/2024/05/24/id/1166114/
The
White House could decide on a nominee to replace the chair of the U.S. Federal Deposit Insurance Corporation as early as next week, two people with
knowledge of the matter said Friday as further evidence of agency lapses
emerged.
FDIC
Chair Martin Gruenberg this week said he
would step down once a successor is confirmed by the Senate, succumbing to
pressure from lawmakers who said the agency needed fresh leadership after an
independent investigation found widespread sexual harassment and other
misconduct at the agency.
On
Friday, the FDIC's internal watchdog also said it was not promptly informed of
misconduct allegations involving senior FDIC officials, in a development that
could fuel Republican calls for Democratic President Joe Biden to fire Gruenberg.
The
White House is under pressure to quickly fill the role and preserve Biden's
financial regulation agenda, including major bank capital hikes, just six
months ahead of the U.S. presidential election.
A
decision on a nominee is expected within weeks and could come as early as next
week, a senior administration official said on Friday. The White House has
already been in touch with Senator Sherrod Brown, who chairs the Senate Banking
Committee which oversees the FDIC, about scheduling a swift confirmation
hearing, another White House official said.
A
spokesperson for Brown did not immediately provide comment.
The
White House is seeking someone outside the agency, Reuters reported on Tuesday,
and a candidate with the strong managerial credentials needed to fix the
agency's cultural problems, an administration official said on Thursday.
Kristin
Johnson, a Democratic member of the Commodity
Futures Trading Commission (CFTC), is one of the
candidates, according two people with knowledge of the matter. Bloomberg first
reported the news on Thursday.
One
of the sources also said an announcement could come next week.
The
CFTC's other Democrat, Christy Goldsmith Romero, Nellie Liang, a top Treasury
official, Adrienne Harris, superintendent of New York's Department of Financial
Services, and Sandra Thompson, director of the Federal Housing Finance Agency,
are also favored among Democrats, according to several other sources.
Representatives
for the five declined or have not responded to requests for comment.
Inspector
General Jennifer Fain said in a memo addressed to Gruenberg that was dated
Thursday and published Friday that the watchdog had "learned of several
allegations of misconduct regarding senior FDIC officials that were not
reported ... in a timely manner."
Her
office is reviewing the allegations and investigating whether anything else had
not been reported, the memo said.
In
response to a request for comment, the FDIC shared a message it had sent to the
OIG's office this week in which it said the agency looked forward "to
coordinating and developing a process for notifying the OIG promptly" of
alleged misconduct by senior FDIC officials.
While
the independent review did not find Gruenberg directly responsible for the
agency's broad cultural issues, he apologized for misconduct under his
leadership and for his own transgressions.
The
Republican-led House Financial Services Committee on Thursday announced it had
asked Gruenberg and other top officials to testify on June 12 about the
independent review's findings.
Should
Gruenberg step down before a replacement can be appointed, the FDIC's board of
directors would fall into a 2-2 partisan deadlock, hamstringing the Biden
administration's bank
regulation agenda.
Connecting
the Dots:
Reuben Jeffery
III was a chairman for the U.S. Commodity Futures Trading
Commission (CFTC)and is a director at the Atlantic Council
of the United States (think tank).
Open Society Foundations was a funder
for the Atlantic Council of the United States (think tank).
George Soros is the founder & chairman for the Open
Society Foundations, Jonathan Soros’s father and was the chairman for the Foundation
to Promote Open Society.
Foundation to Promote Open Society was a funder for
the Roosevelt Institute.
Jonathan Soros is George
Soros’s son and a senior fellow at the Roosevelt Institute.
Cantwell
F. Muckenfuss III is a director at the Roosevelt Institute
and was a counsel to the chairman for the Federal Deposit Insurance
Corporation (FDIC).
Paul S. Sarbanes is
a governor at the Roosevelt Institute and was Martin
J. Gruenberg’s senior counsel.
Martin J.
Gruenberg’s senior counsel was Paul S. Sarbanes and is the
chairman for the Federal Deposit Insurance
Corporation (FDIC).
Donald E. Powell was
the chairman for the Federal Deposit Insurance Corporation (FDIC)
and a director at the Bank of America Corp. (Bailout Company).
John L. Douglas was
the general counsel for the Federal Deposit Insurance Corporation
(FDIC) and an attorney for the Bank of America Corp. (Bailout
Company).
A.W. Clausen was the
chairman & CEO for the Bank of America Corp. (Bailout Company)
and an honorary trustee at the Brookings Institution (think tank).
Foundation to Promote Open Society was a funder for
the Brookings Institution (think tank).
George Soros was the chairman
for the Foundation to Promote Open Society.
Vernon E. Jordan
Jr. was an honorary trustee at the Brookings Institution
(think tank) and a president of the Economic Club of
Washington.
David M. Rubenstein is the co-chairman
for the Brookings Institution (think tank), the president of
the Economic Club of Washington, a regent at the Smithsonian
Institution and spent Thanksgiving with Joe Biden.
Joseph R. Biden Jr. is
a regent at the Smithsonian Institution,
the vice president for the Joe Biden administration R.
Hunter Biden’s father and spent Thanksgiving with David M. Rubenstein.
R. Hunter Biden is
Joseph R. Biden Jr’s son, a director at the Center for
National Policy and a director at the Truman National Security
Project.
Kamala D. Harris is
an advisory board member for the Center for National Policy, an
advisory board member for the Truman National Security Project and
the Vice President for the Joe Biden Administration.
Madeleine K.
Albright was the president of the Center for National Policy,
an advisory board member for the Truman National Security Project
and an honorary director at the Atlantic Council of the United States
(think tank).
Reuben Jeffery
III is a director at the Atlantic Council of the United States
(think tank) and was a chairman for the U.S. Commodity Futures
Trading Commission (CFTC).
Open Society Foundations was a funder
for the Atlantic Council of the United States (think tank).
George Soros is the founder & chairman
for the Open Society Foundations, Jonathan Soros’s father
and was the chairman for the Foundation to Promote Open Society.
Foundation to Promote Open Society was a funder
for the Roosevelt Institute.
Jonathan Soros is George
Soros’s son and a senior fellow at the Roosevelt Institute.
Cantwell
F. Muckenfuss III is a director at the Roosevelt Institute
and was a counsel to the chairman for the Federal Deposit Insurance
Corporation (FDIC).
Paul S. Sarbanes is
a governor at the Roosevelt Institute and was Martin
J. Gruenberg’s senior counsel.
Martin J.
Gruenberg’s senior counsel was Paul S. Sarbanes and is the
chairman for the Federal Deposit Insurance Corporation (FDIC).
Resources:
Past Research
Smaller
Bites - U.S. Commodity Futures Trading Commission. (Connecting the Dots: The
U.S. Commodity Futures Trading Commission & The Atlantic Council Funded By
Soros) (Past Research on the U.S. Commodity Futures
Trading Commission (CFTC))
SUNDAY,
OCTOBER 23, 2022
https://thesteadydrip.blogspot.com/2022/10/smaller-bites-us-commodity-futures.html
Smaller
Bites – Bank of America Corp. (Bailout Company) (Connecting the Dots: Bank of
America Corp. (Bailout Company), The Federal Deposit Insurance Corporation
(FDIC) & The Soros Funded Think Tanks, All Networking) (Past Research on the Federal Deposit Insurance
Corporation (FDIC))
FRIDAY,
NOVEMBER 11, 2022
https://thesteadydrip.blogspot.com/2022/11/smaller-bites-bank-of-america-corp.html
Smithsonian
Admits to Destruction of Thousands of Giant Human Skeletons in Early 1900′s (Past Research on the Smithsonian Institution)
WEDNESDAY,
DECEMBER 10, 2014
https://thesteadydrip.blogspot.com/2014/12/smithsonian-admits-to-destruction-of.html
Drone
That Killed US Troops in Jordan Mistaken for US Craft: Initial Report
(Connecting the Dots: Joe Biden, Hunter Biden, Kamala D. Harris, Madeleine
Albright, U.S. Central Command, Lloyd Austin, Raytheon, The Center for a New
American Security, Navy, Army, Marines, U.S. Department of Defense & Soros
Funding, All Networking. Connect… Connect… Connect… Control… Control… Control)
(Past Research on Joe Biden, Hunter Biden & Kamala
Harris)
MONDAY,
JANUARY 29, 2024
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