Wednesday, June 5, 2024

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)

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

FDIC Chair Martin Gruenberg (AP)

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

https://thesteadydrip.blogspot.com/2024/01/drone-that-killed-us-troops-in-jordan.html

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