“FDIC chair resigns after warning Democrats launching ‘hostile takeover'”

“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, a Serbian immigrant, has lived in the country for decades and boasts a successful career in law, finance, and banking policy.

“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 the 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.””

UNITED STATES - MAY 16: Jelena McWilliams, chairman of the Federal Deposit Insurance Corporation, testifies during a House Financial Services Committee hearing in Rayburn Building titled "Oversight of Prudential Regulators: Ensuring the Safety, Soundness and Accountability of Megabanks and Other Depository Institutions," on Thursday, May 16, 2019. (Photo By Tom Williams/CQ Roll Call)

UNITED STATES – MAY 16: Jelena McWilliams, chairman of the Federal Deposit Insurance Corporation, testifies during a House Financial Services Committee hearing in Rayburn Building titled “Oversight of Prudential Regulators: Ensuring the Safety, Soundness and Accountability of Megabanks and Other Depository Institutions,” on Thursday, May 16, 2019. (Photo By Tom Williams/CQ Roll Call)

“She continued, “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.”

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

McWilliams did not provide a direct reason for her resignation in her letter to the president. However, she previously published a December op-ed in which she described a “hostile takeover” of the FDIC by Democrats.”

Comment: This kind of thing is happening across the Executive Branch. pl

https://www.foxnews.com/politics/fdic-chair-resigns-democrats-hostile-takeover-agency

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4 Responses to “FDIC chair resigns after warning Democrats launching ‘hostile takeover'”

  1. EEngineer says:

    The march through the institutions by the Comintern is nearly complete.

    Posted in gastronomie due to the stomach turning implications?

  2. longarch says:

    Apparently 20% of Americans believe that “a storm is coming” that will wipe out corrupt politicians, many of whom are Democrats.

    Source:

    https://www.prri.org/research/qanon-conspiracy-american-politics-report/

    Some politicians/officials who are retiring are trying to cover up their own personal misdeeds. Others are thinking, “I have nothing to hide, but when the storm comes, I don’t want to get blamed for something that happened close to me.” Some anonymous researchers at 8kun gloat every time an official retires (because they imagine every retired official is surrendering to the inevitable storm); such gloating is probably over-optimistic in many cases. The plural of anecdote is not data.

    At present it seems impossible that the US government would ever officially acknowledge that the 2020 election was stolen. In my heart of hearts, I hope for some things that are seemingly impossible. I like to imagine McWilliams and similar retired officials protesting to their accusers: “It wasn’t my fault! I retired rather than cooperate with the Democrats!”

  3. Babeltuap says:

    Stealing elections then doubling down on more fraud and corruption never ends well for a civilization. It is comforting however knowing they do end.

  4. blue peacock says:

    There’s more than meets the eye here. Jelena McWilliams was effectively representing the Big Banking interests pushing for more banking consolidation and reduced competition. So her loss is not all that bad. However, Plus ça change, plus c’est la même chose.

    Both the GOP and the Democrats have for 50+ years supported Big Business interests and Roberts enabled further with Citizens United.

    If the GOP wins the House majority in November which position do you think Kevin McCarthy is gonna support – breakup monopolies & cartels to create more market competition or enable further market consolidation by Big Business?

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