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Market
Political outcomes following the FDIC toxic workplace report in next 3 months
5
Senate Banking Committee•Sherrod Brown•Joe Biden•FDIC•Martin Gruenberg•Federal Deposit Insurance Corp•Brown•Gruenberg•House•Democrat
Resolution / Starting Odds
Increased bipartisan support for leadership change • 33%
Continued division with no consensus on leadership change • 34%
Shift in focus away from leadership to policy changes • 33%
Credible news reports and official statements
Story
Sherrod Brown Urges Biden to Replace Martin Gruenberg Amid Toxic FDIC Workplace Report
May 20, 2024, 02:53 PM
Senate Banking Committee Chairman Sherrod Brown has called on President Joe Biden to replace FDIC Chair Martin Gruenberg following a report that revealed a toxic workplace environment at the Federal Deposit Insurance Corp. The report detailed widespread allegations of sexual harassment, bullying, and discrimination within the agency. Brown, after chairing a recent hearing and reviewing the independent report, emphasized the need for fundamental changes at the FDIC. This call for new leadership has been echoed by other lawmakers amid bipartisan pressure for Gruenberg to resign. Despite these calls, Gruenberg has rebuffed demands for his resignation during a heated House hearing on Wednesday. The Democrat's call comes as criticism mounts over the administration's handling of the FDIC's progressive regulatory agenda.
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Significant improvement • 25%
Moderate improvement • 25%
No significant change • 25%
Deterioration • 25%
Public support for FDIC leadership change • 25%
Public criticism of FDIC handling • 25%
Calls for external review of FDIC practices • 25%
No public response • 25%
Formal hearing with FDIC officials • 25%
Legislation aimed at reforming FDIC • 25%
No significant action • 25%
Investigation into other financial agencies • 25%
Increased concern • 33%
No change in concern • 33%
Decreased concern • 34%
Broad support across parties • 33%
Opposition from Republicans • 33%
Opposition from Democrats • 34%
Supportive • 25%
Neutral • 25%
Opposed • 25%
No Comment • 25%
New Policies Implemented • 50%
No New Policies • 50%
Increased fear of public spaces • 33%
No significant change in public sentiment • 34%
Increased advocacy for mental health • 33%
Increased scrutiny on Biden • 33%
Status quo maintained • 33%
Decreased scrutiny on Biden • 34%