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FDIC chairman appointed by Trump resigns
The Hill ^ | 31 December 2021 | SYLVAN LANE

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 ...


TOPICS: Business/Economy; Government; News/Current Events
KEYWORDS: banks; bidenadmin; fdic; jelenamcwilliams; resign
it's hard to fight the fight, but I hope she resigned in the face of a 'hostile takeover' not because she is just giving up but because she had already pulled out all the stops for her own 'hostile putdown' and failed.
1 posted on 12/31/2021 9:08:04 PM PST by blueplum
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To: blueplum

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.


2 posted on 12/31/2021 9:13:54 PM PST by eyedigress (Trump is my President! )
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To: blueplum

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.


3 posted on 12/31/2021 9:43:28 PM PST by lee martell
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To: blueplum

Wants to spend more time with the family.


4 posted on 12/31/2021 9:50:50 PM PST by 353FMG
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To: lee martell

It happens in many larger companies when there is a surplus of employees. It is called office politics.


5 posted on 12/31/2021 9:54:25 PM PST by 353FMG
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To: blueplum

She was wrong to do this.


6 posted on 12/31/2021 9:56:39 PM PST by ConservativeMind (Trump: Befuddling Democrats, Republicans, and the Media for the benefit of the US and all mankind.)
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To: 353FMG

Mozilla (Firefox) anyone?


7 posted on 01/01/2022 1:43:35 AM PST by Bikkuri (I am proud to be a PureBlood.)
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To: blueplum

So now the feds wont back up your deposits in banks


8 posted on 01/01/2022 3:42:27 AM PST by ronnie raygun
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To: blueplum

First they mansplained her, then they bullied her, then they nullified her...

9 posted on 01/01/2022 9:58:31 AM PST by Albion Wilde (If science can’t be questioned, it’s not science anymore, it’s propaganda. --Aaron Rodgers)
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To: blueplum

Not everyone can take the kind of pressure that Democrats apply.


10 posted on 01/01/2022 12:11:01 PM PST by KittyKares (Trump put us in the room; now we're putting ourselves in the room. - Steve Bannon)
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