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What will be the political reaction to the new FDIC Chair nomination?
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FDIC•House•Martin Gruenberg•Senate Banking Committee•Sherrod Brown•Biden•Sheila Bair•Gruenberg•Tim Scott•Democrats
Resolution / Starting Odds
Broad support across parties • 33%
Opposition from Republicans • 33%
Opposition from Democrats • 34%
Credible news sources and official statements
Story
Senate Banking Chair Urges Biden to Replace FDIC Head Martin Gruenberg Amid Sexual Harassment Probe
May 20, 2024, 02:27 PM
The FDIC is facing significant scrutiny over its workplace culture, which has been described as toxic and rife with sexual harassment, bullying, and other forms of misconduct. During a heated House hearing, FDIC Chair Martin Gruenberg resisted bipartisan calls for his resignation. Senate Banking Committee Chairman Sherrod Brown has called on President Biden to nominate a new chair for the FDIC, citing the need for fundamental changes within the agency. This follows a report and congressional hearings that highlighted the issues and led to a decline in the FDIC's ranking of employee happiness. Former FDIC Chair Sheila Bair has also urged Gruenberg to step down for the sake of the agency and its employees. Senator Tim Scott criticized President Biden for not acting sooner, accusing Democrats of prioritizing their progressive regulatory agenda over the safety of FDIC employees.
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Support • 33%
Oppose • 33%
Neutral • 34%
Former Politician • 33%
Banking Executive • 33%
Academic • 34%
Current FDIC executive • 33%
External candidate from a financial institution • 33%
External candidate from academia or non-profit sector • 34%
Support from Democrats • 33%
Support from Republicans • 33%
Opposition from both parties • 34%
Christy Goldsmith Romero • 25%
Martin Gruenberg • 25%
Another Biden Nominee • 25%
Another Trump Nominee • 25%
Current FDIC Deputy Chair • 33%
A member of the House Financial Services Committee • 33%
An external candidate with a regulatory background • 34%