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 ...
“FDIC Chairman....warned of a “hostile takeover” of the agency by Democrats.”
What a moron and coward.
The Dem Gruenberg is only there now becaise Trump didn’t bother to nominate a replacement when his term was up in 2018. The 5th seat is now empty, so had Trump got to his nominations better she could have stayed at a stalemate perhaps up to when the balance of the Senate might tip.
It’s a done deal; she just realized it.
Exactly my thought....just great, instead of staying and fighting them you quit, only to leave the position open to the Democrats to fill with somebody that will do their bidding.
Wonderful, we can see how 2022 is going to shape up. As elections get closer we’re going to see them ramp up their efforts as the time is short. It’s going to be a full-court press to takeover the country.
IMO no reason to walk.
Makes me glad I don't have any.
meaning your money is not going to be protected from the great steal
———-
No it means Senate Bill 3571, a cashless money system Fedcoin will be put into place, It has been in locked door comittee for months. As written, ALL of the digital money will be tracked, monitored, with the ability to turn off one’s account AND as written, controlled by the Federal Reserve.
Before the digital cashless system cheerleaders chime in, think very, very carefully about a government controlled ( sovereign nation) and monitored digital currency. A financial “ no fly” list. As currently written, kiosks will be installed in all Post Offices, IRS will be reduced/ closed , all your day to day spending accounts will be automatically taxed at their determined rate. Banks relegated to loans/ mortgages/ credit cards. Sinister stuff, make no mistake, the Dems AND Yellen all trying to ram it through.
Just one of thousands articles found.
https://stablefordcapital.com/2021/03/12/fedcoin-is-not-bitcoin-the-feds-plans-for-digital-currency/
I have been monitoring US sovereign digital currency since 2014/15 when 20 billion dollars was allocated to financial universities on how to get it done. Some of the think tank stuff is just plain evil.
I worked at the FDIC during the bank crisis...Sheila Bair was a strong leader who took no prisoners. That attitude permeated the agency.
The section I worked in oversaw contractors who serviced mortgage loans from failed banks. During my tenure, we had two servicers resign voluntarily, because we weren't letting them make enough profit.
One of our deputy directors responded to an after action report that I wrote during an examination of one of those servicers. She titled her email, "Houston, We Have a Problem." lol
I see a fine, independent Agency, going down the tubes in short order. Big Banks are cheering these developments. IOW, the foxes are in charge of the chicken coops.
WHERE DOES BIDEN DIG UP THESE LOSERS?
Biden’s nominee for the Office of Comptroller of the Currency, in her own words and policy papers,
<><>wanted to nationalize the banking system,
<><>wanted a complete federal takeover of all wages, gas, and food prices
<><>believed a single, unelected government bureaucracy should control all capital and credit.
Thanks for the insider view.
It’s further proof that democrats soil every institution they control.
That’s one of the scariest things Ive heard yet. I was reading Catherine Austin Fitts last fall and she was warning in general about this, but I had no idea there was an actual bill that had been presented! What committee is it in? Team that with digital vax passports and voila social credit system is completely easy to usher in with just one or two more steps.
I’d think after a year on a job you pretty much know if it’s workable for you or not.
I went to a position for the company I worked for who had bought out another.....you’d think it would ‘fit’ working also at the bought out company. What I didn’t know was the employees there were very bitter about who bought them out.....they saw themselves as an exclusive company worthy of a better buyout. So of course when I went to work there they saw me as “the enemy” and this played out amongst the employees.
Hard to work with people that see you as an enemy every day..
Yes, the Demon-Rats will do that to “ save” democracy, of course. /s
Finance committee, it is behind closed doors. Look up SB 3571, much on it. If it is passed( I suspect it will be), God Help America- turn out the lights.
https://www.congress.gov/bill/116th-congress/senate-bill/3571/text
Many legendary financial greats have been sounding the alarm- unheard as America is paralyzed.
She says her board is circumventing her which means she will be held accountable for their actions. The best she could hope for by staying is to be a voice via Fox News or whatever outlet covers her to telegraph what is going on internally.
But if no one will cover her, then she’s a sitting duck.
Hard call.
That was clear to me, depressingly, the day after Trump’s reelection. But thank you for the first hand account. I appreciate this woman’s courage to speak out. It’s easy to be a keyboard crusader. It’s another thing to get what Mike Flynn got or Trump got. Both honest with the fortitude to withstand the killers. Few of us are like them.
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