Posted on 12/31/2021 9:08:04 PM PST by blueplum
Federal Deposit Insurance Corp. (FDIC) Chairman Jelena McWilliams, a Trump appointee, resigned Friday amid a power struggle with Democratic members of the agency’s board.
In a letter to President Biden released Friday, McWilliams announced she would step down from the FDIC on Feb. 4, less than four years after she was confirmed by the Senate to lead the bank regulator.
McWilliams’ unexpected resignation came weeks after Democratic directors on the FDIC board attempted to launch a review of bank merger standards without her approval. While McWilliams ostensibly controlled the FDIC board, she was the sole Republican countering three Democratic directors...
...In a op-ed for the Wall Street Journal, McWilliams denounced the Democratic directors for launching “a hostile takeover” of the FDIC....
(Excerpt) Read more at thehill.com ...
Keep in mind Dementia Joe is the one that knows banking and how to manipulate all of it.
Delaware is home for a reason, not Scranton.
Maybe a young FReeper can do a thesis on Dementia Joe and the banking industry.
When you are outnumbered by Libs and do not have much support from your own supervisor, expect the Libs to start pulling dirty tricks in order to get you, the resistor, out of their work presence. This has happened in a smaller scale at many schools and at many government run organizations.
Wants to spend more time with the family.
It happens in many larger companies when there is a surplus of employees. It is called office politics.
She was wrong to do this.
Mozilla (Firefox) anyone?
So now the feds wont back up your deposits in banks

First they mansplained her, then they bullied her, then they nullified her...
Not everyone can take the kind of pressure that Democrats apply.
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