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FDIC chair resigns after warning Democrats launching 'hostile takeover'......
Fox News ^ | 2/2/2022 | Timothy H.J. Nerozzi

Posted on 01/02/2022 4:33:04 AM PST by caww

FDIC Chairman Jelena McWilliams announced her resignation Friday in an open letter addressed to President Biden, just weeks 'after' she warned of a "hostile takeover" of the agency by Democrats.

McWilliams was appointed to the position in 2018 under former President Trump. Her resignation will be effective Feb. 4.

McWilliams wrote in her op-ed. "Never before has a majority of the board attempted to circumvent the chairman to pursue their own agenda.".."This conflict isn’t about bank mergers. If it were, board members would have been willing to work with me and the FDIC staff rather than attempt a hostile takeover of the FDIC internal processes, staff and board agenda."

(Excerpt) Read more at foxnews.com ...


TOPICS: News/Current Events
KEYWORDS: banking; fdic; finance
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1 posted on 01/02/2022 4:33:04 AM PST by caww
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To: caww

BTTT


2 posted on 01/02/2022 4:36:17 AM PST by Jet Jaguar
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To: caww

meaning your money is not going to be protected from the great steal


3 posted on 01/02/2022 4:39:26 AM PST by ronnie raygun
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To: caww

Commies gotta commie.


4 posted on 01/02/2022 4:39:31 AM PST by VTenigma (The Democrat party is the party of the mathematically challenged )
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To: caww
"FDIC Chairman....warned of a "hostile takeover" of the agency by Democrats."

Kevin McCarthy just yawns as he retrieves the morning paper for roommate Frank Luntz....

5 posted on 01/02/2022 4:45:32 AM PST by Psalm 73 ("You'll never hear surf music again" - J. Hendrix)
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To: caww

So, a Republican appointee responds to a hostile take over attempt by...resigning?

Yup, that sounds like the usual GOP battle plan to me.


6 posted on 01/02/2022 4:45:59 AM PST by zeestephen
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To: zeestephen

Well since she warned the GOP weeks prior I tend to think she got sip zero support or a willingness of anybody to act on what she said.


7 posted on 01/02/2022 4:48:41 AM PST by caww ( )
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To: caww

So instead of fighting to her very last moment, she just quits instead. Another fine Trump pick.


8 posted on 01/02/2022 4:49:16 AM PST by KobraKai
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To: ronnie raygun

Of course not....people who successfully carry off a coup aren’t going to protect anyones money but their own.


9 posted on 01/02/2022 4:50:02 AM PST by caww ( )
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To: KobraKai

Well Her backing should be the GOP.....obviously they weren’t interested.


10 posted on 01/02/2022 4:51:16 AM PST by caww ( )
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To: caww

Coming soon to a supermarket near you!

11 posted on 01/02/2022 4:52:07 AM PST by Gay State Conservative (Covid Is All About Mail In Balloting)
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To: Gay State Conservative

Welcome to 2022!


12 posted on 01/02/2022 4:53:22 AM PST by caww ( )
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To: caww

Why back a quitter?

When people want backing how can they be assured they will get it if they don’t show that they will fight?

Same thing for Republicans.

How do they justify their support if they don’t fight?


13 posted on 01/02/2022 4:55:05 AM PST by Bayard
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To: Jet Jaguar

Will be interesting to see how the press actually informs the public about this.....though we can pretty much gauge just how that will be.


14 posted on 01/02/2022 4:55:34 AM PST by caww ( )
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To: caww

Doesn’t resigning just make the takeover easier?


15 posted on 01/02/2022 4:56:29 AM PST by 9YearLurker
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To: Bayard

You have got to be kidding.....I’ll not comment further to such a silly post.


16 posted on 01/02/2022 4:56:35 AM PST by caww ( )
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To: zeestephen

Glad you got the ironic ridiculous thinking of this resignation.


17 posted on 01/02/2022 4:57:33 AM PST by napscoordinator (Trump/Hunter, jr for President/Vice President 2016 democratic )
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To: 9YearLurker

Not if it’s already a done deal. She’s been fighting it since Biden took office.


18 posted on 01/02/2022 4:58:14 AM PST by caww ( )
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To: caww

But from the outside she can’t even sound the alarm. This one might be lost, but it seems like surrender on a larger scale.


19 posted on 01/02/2022 5:07:07 AM PST by 9YearLurker
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To: caww

Because you have no argument beyond calling it silly.

But those who don’t fight should get no support.


20 posted on 01/02/2022 5:19:45 AM PST by Bayard
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