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Saturday, September 21, 2024

Rep. Luetkemeyer questions FDIC's leadership during oversight hearing

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Rep. Blaine Luetkemeyer, U.S. Representative for Missouri's 3rd District | Ballotpedia

Rep. Blaine Luetkemeyer, U.S. Representative for Missouri's 3rd District | Ballotpedia

During a full Financial Services Committee hearing aimed at overseeing the Federal Deposit Insurance Corporation’s (FDIC) leadership and workplace culture, Congressman Blaine Luetkemeyer (MO-03) questioned FDIC Special Committee Co-Chairs Michael Hsu and Jonathan McKernan.

"In your testimony, you say you hope accountability is not far off. You also say the reconciling report comes down to a question of leadership [referring to the Cleary Gottlieb Report]. An organization is required to protect the employees so it can root out wrongdoers and make an example of them, but we need leaders," said Congressman Luetkemeyer.

"So, why are you not taking action and pressing for Mr. Gruenberg to resign? You're an enabler and no better than Mr. Gruenberg, in my mind."

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