Coming soon to a supermarket near you!
BTTT
meaning your money is not going to be protected from the great steal
Commies gotta commie.
Kevin McCarthy just yawns as he retrieves the morning paper for roommate Frank Luntz....
So, a Republican appointee responds to a hostile take over attempt by...resigning?
Yup, that sounds like the usual GOP battle plan to me.
So instead of fighting to her very last moment, she just quits instead. Another fine Trump pick.
Coming soon to a supermarket near you!
Doesn’t resigning just make the takeover easier?
From her Wikipedia page (she also worked for uniparty GOPe Senators and : Before McWilliams’ confirmation, The Wall Street Journal previewed the proposed change in leadership at the FDIC, along with changes at the Federal Reserve and the Office of the Comptroller of the Currency, saying banks “can expect to see significant further relief” from postcrisis rules under the new leadership. In that context, the article referenced Dodd-Frank, The Volcker Rule, the Community Reinvestment Act, small-dollar loans (”Trump officials have said they want to encourage banks to offer loan products that compete” with payday lenders), new banks (from 237 new banks approved by the FDIC in 2005, two were approved in 2016 and seven in 2017; “McWilliams has said she wants to speed up new-bank approvals”), fintech, leveraged lending (loans to heavily in debted companies), cybersecurity (”McWilliams cited cybersecurity as one of her priorities during her Senate testimony”), and capital, liquidity and overall and supplementary leverage rules.[10]
Quote source :
https://duckduckgo.com/?q=Henry+Kissinger+quote%3A%22+Who+controls+the+food..%22&atb=v199-1&ia=web
So there is going to be a take over by the left (and your conservative) so you hand it to them by quitting. WHY would they quit? They gave it to them! This is why we lose, no one stays to fight or at least hold their ground
The Democrats don’t resign in this type of situation — they raise hell any way they can up to the last moment. That’s how they stay on top.
One of the Dems on the FDIC, Gruenberg, is an Obama holdover whose term was up in 2018: Trump never nominated a replacement and so Gruenberg just kept on. Should have been replaced with a Trump nominee for a new 5-year term.
If they had and this woman had stayed, half the board would be Trump appointments until the open 5th seat gets confirmed.
No big surprise here. The Democrats aka Demoncrats are weaponizing all of the Federal Government.
p
WARNING: The Marxist are taking over the FDIC. You got cash in a bank in the USA? Get it out. Put in anywhere ( precious metals) but in a bank.
Well, when the banking system fails under majority Dem control, it will be one other issue to discourage voters from supporting them in the next election. At some point there will be too many voting against them for even fraud to work.
So, this principled conservative quits. That’s the GOP spirit we’ve come to know and love.
Fox News usually has incomplete reporting so I went looking for more of the story. Here is more of what this story is about, per Politico:
https://www.politico.com/news/2021/12/31/fdic-chair-jelena-mcwilliams-to-resign-526295
...”Her departure, effective Feb. 4, means that FDIC board member Martin Gruenberg will become acting chair — his third stint atop the 88-year-old independent agency that insures trillions of dollars in deposits at the nation’s banks. It followed an attempt by Gruenberg and other Democrats on the agency’s board to wrest control from McWilliams, whose term was not scheduled to end until June 2023.
...”Earlier this month, the Democratic majority on the FDIC’s board voted to take public feedback on potential changes to the agency’s bank merger approval process. McWilliams did not participate in the vote, and the FDIC in an official statement said the action was not valid. A legal debate ensued over whether a majority of the board can put items up for a vote without the consent of the chair, with Democrats maintaining they had clear authority.
...”At a Dec. 14 board meeting, McWilliams rejected a bid by Consumer Financial Protection Bureau Director Rohit Chopra — an FDIC board member and ally of Sen. Elizabeth Warren (D-Mass.) — to add a record of the vote to the FDIC’s official minutes.
...”Later, in an op-ed in the Wall Street Journal, McWilliams referred to the episode as a “hostile takeover.” But she made no mention of the saga in her resignation letter to President Joe Biden on Friday.
...”Her impending exit opens up another key position for Biden to fill, and it means none of the three federal banking agencies will have a Senate-confirmed official serving in their top regulatory job. The president is expected to soon tap a vice chair of supervision at the Federal Reserve, while his pick for comptroller of the currency recently withdrew after facing opposition from moderate Democrats.
...”For now, Gruenberg, who has been serving at the FDIC on an expired term for three years, gets to retake the gavel. The Obama-era chair of the agency took the unusual step of staying on as a board member after his leadership role ended and then dissented regularly against actions by McWilliams to loosen rules on banks of all sizes.
“McWilliams’ departure could lead to the reversal of some of those moves. Gruenberg first joined the FDIC’s board in 2005, after serving as an aide to former Sen. Paul Sarbanes (D-Md.).