FDIC Chairman Resigns with Warnings About Left-Wing Takeover of Agency
The Trump-appointed chair of the FDIC — a Serbian immigrant — resigned her position last week while warning that the hardcore left is planning on undermining the agency.
FDIC Chairman Jelena McWilliams resigned last Friday, saying that the left is planning a “hostile takeover” of the Federal Deposit Insurance Corporation.
“When I immigrated to this country 30 years ago, I did so with a firm belief in the American system of government,” McWilliams wrote in her resignation letter.
“During my tenure at the Federal Reserve Board of Governors, the United States Senate, and the FDIC, I have developed a deep appreciation for these venerable institutions and their traditions.”
“Throughout my tenure, the agency has focused on its fundamental mission to maintain and instill confidence in our banking system while at the same time promoting innovation, strengthening financial inclusion, improving transparency, and supporting community banks and minority depository institutions, including through the creation of the Mission Driven Bank Fund,” she added.
“Of the 20 chairmen who preceded me at the FDIC, nine faced a majority of the board members from the opposing party, including Mr. Gruenberg as chairman under President Trump until I replaced him as chairman in 2018,” McWilliams wrote in an op-ed from December. “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.”
It’s just another example of an American institution that the Democrat are planning to destroy with dangerous woke foolishness.
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