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May 16, 2024
05/24
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at the fdic. so i don't need to go into your failures and the complete lack of management while you have been at the fdic. i want to talk about the people . your employees. and what they have had to go through. how can you justify allowing supervisors to refer to disabled veterans as captain mcnasty? we are talking about a veteran who lost part of his leg in service to our country. and to work in a hostile work environment, where he is referred to as captain mcnasty is not just wrong, but disgusting. to think about the chilling reports that say employees, supervisors were permitted to mock the fact is employee used a wheelchair. what kind of environment and culture? and how long does it have to go on before it becomes commonplace to make fun of veterans who served this nation, at great personal expense? or when an employee reported that for a period of three years, a senior examiner would sexualize her every time he could. and he believed similarly with other colleagues and bank employees includin
at the fdic. so i don't need to go into your failures and the complete lack of management while you have been at the fdic. i want to talk about the people . your employees. and what they have had to go through. how can you justify allowing supervisors to refer to disabled veterans as captain mcnasty? we are talking about a veteran who lost part of his leg in service to our country. and to work in a hostile work environment, where he is referred to as captain mcnasty is not just wrong, but...
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May 16, 2024
05/24
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of the report has indicated that the fdic's appointment center and wall street journal article the fdic's hotel there's 24 instances. now this morning we hear from your testimony that you indicated surfaced a little while back and you just learned of it then of the depth of this. there were 92 harassment claims according to the report. you have to be either totally competent or not caring and allowed to go on and work for all of this activity. as you know resulted in the removal and the reduction and notice the more areas such, unbelievable. that is the facilitation in the purest forms. one of the things that will happen, we want to make sure that mr. williams who was in tournament between the two terms, is also in the report and it says nothing about that. in fact it speaks pretty about her. i will quote within three months of your departure, your successor built enough trust that they felt they could share their stories into she began to work on the fdic's culture problems. they are supportive of what she was doing so the report talks about discrimination, nepotism and your anger manage
of the report has indicated that the fdic's appointment center and wall street journal article the fdic's hotel there's 24 instances. now this morning we hear from your testimony that you indicated surfaced a little while back and you just learned of it then of the depth of this. there were 92 harassment claims according to the report. you have to be either totally competent or not caring and allowed to go on and work for all of this activity. as you know resulted in the removal and the...
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May 15, 2024
05/24
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heuz heuz fdic staff -- mr. huizenga: fdic staff had been known to cry after leaving meetings with you and others had to comfort colleagues after interacting with you. no such stories were documented about either chair bear or chairmaning williams -- chair mcwilliams. they delayed delivering news that they fear wood upset you and your reactions -- feared would upset you and your reactions had a chilling effect on communication. if your staff are so afraid to give you bad news and they delay telling you that news, it simply makes a bad situation even worse. sir, you're the wrong person for the job to clean up this mess. the mission of the fdic is far too important and you are unwilling or unable to accept negative information. any delay of information getting to the chairman of the fdic is a recipe for disaster. if you can't deal with bad news, you are the wrong person for this job. i want to hit on one other important point. last time you were before the committee, you were asked directly by the chair if you had
heuz heuz fdic staff -- mr. huizenga: fdic staff had been known to cry after leaving meetings with you and others had to comfort colleagues after interacting with you. no such stories were documented about either chair bear or chairmaning williams -- chair mcwilliams. they delayed delivering news that they fear wood upset you and your reactions -- feared would upset you and your reactions had a chilling effect on communication. if your staff are so afraid to give you bad news and they delay...
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May 20, 2024
05/24
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frn the fd -- fdic, and the fdic was forced to respond. cleary, gottlieb responded, i was surprised that they picked cleary, gottlieb. it's clear to me the law firm, as it should have, pulled no punches. the report tells us that nearly one in ten employees -- one in ten -- at the fdic has experienced sexual harassment, racial discrimination, verbal abuse, or other inappropriate behavior while working at the agency. i want you to listen to this. i hate to have to say it, but i want the american people to understand what's been going on under mr. gruenberg's leadership at the federal deposit insurance corporation. this is what the report told us. one hispanic employee told investigators with the cleary gottlieb law firm that his fdic supervisor made him say the pledge of allegiance at work to, quote, prove that they were american. another fdic employee reported that her supervisor told her, quote, you're a mother. you don't belong in the workplace. end quote. the report goes on. one senior fdic official who had a reputation of visiting broth
frn the fd -- fdic, and the fdic was forced to respond. cleary, gottlieb responded, i was surprised that they picked cleary, gottlieb. it's clear to me the law firm, as it should have, pulled no punches. the report tells us that nearly one in ten employees -- one in ten -- at the fdic has experienced sexual harassment, racial discrimination, verbal abuse, or other inappropriate behavior while working at the agency. i want you to listen to this. i hate to have to say it, but i want the american...
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May 16, 2024
05/24
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and it would mean that the board of the fdic would be deadlocked.genda and the things that gruenberg is trying to pass would not happen if -- would likely not happen if gruenberg were pushed out. a lot of republicans made this point today that it's a sort of political calculus by democrats in not coming after gruenberg harder. i think you did see a lot of democrats on the house side be pretty harsh in their criticism. there are at least two house democrats who now seem to be, you know, indicating that they would support him resigning and a couple others who said they had serious doubts. but i think on the senate side you saw democrats take a much more measured approach in the hearing. laura: and greenberg apologized, saying he will change the culture, that he'll take an anger management course. what reaction, though, are you hearing, and do you think that he's done enough to save his job? rebecca: it looks for now like his job is safe. there may be other shoes to drop here. the house is investigating. they've been speaking to fdic employees, the ins
and it would mean that the board of the fdic would be deadlocked.genda and the things that gruenberg is trying to pass would not happen if -- would likely not happen if gruenberg were pushed out. a lot of republicans made this point today that it's a sort of political calculus by democrats in not coming after gruenberg harder. i think you did see a lot of democrats on the house side be pretty harsh in their criticism. there are at least two house democrats who now seem to be, you know,...
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May 15, 2024
05/24
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CNNW
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tough questions for the head of the fdic. that is the agency that regulates banks. he's facing questions today about allegations of sexual harassment as well as discrimination and bullying at the agency, as well as discrimination and bullying as a cultural problem, the confrontation today on capitol hill next hey, you've seen this all right. >> what's the everyone. >> you're telling me you can get directtv got good stuff, and you don't need a satellite dish. i used to love do on my business on those things. one sick pigeons, then dishes kept the rain off our beaks. we just have different priorities satellite free, directv i thought i'd see the de or lifespans are quite short, extreme directtv without a satellite dish. >> i'm going to do this thing with my neck just for a bit with priceline vip family, you can unlock deals five times faster. >> you don't even have to be an actual family. >> i'd be the dad on the day he physically it's clear that i'm the dad. okay. so which dad is paying we're trying to save the planet with nuggets because we need the planet we also n
tough questions for the head of the fdic. that is the agency that regulates banks. he's facing questions today about allegations of sexual harassment as well as discrimination and bullying at the agency, as well as discrimination and bullying as a cultural problem, the confrontation today on capitol hill next hey, you've seen this all right. >> what's the everyone. >> you're telling me you can get directtv got good stuff, and you don't need a satellite dish. i used to love do on my...
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May 15, 2024
05/24
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gop lawmakers now calling for the embattled fdic chair to resign.eck in with our friends dagen and sean to see what's coming up next on "the bottom line." sean: oh, hey, jackie, thanks for passing it over for our great show coming up in about 22 minutes. so, yeah, fox news polling, new out tonight, we're going to dive into it. don't think it's very good for joe biden. we have ben ferguson on that as well as ohio finds illegals on their voter rolls. ohio secretary of state frank larose here on that. dagen: congressman greg steube e is one of many congressmen trying to do something about lowering the cost of getting your car fixed. that is one of the things driving vehicle insurance at the fastest pace since 1976. and then we also will dig into why is communist china trying to woo high schoolers? and why is she getting praise from them? top of the hour. ♪ ♪ hi, i'm greg. i live in bloomington, illinois. i'm not an actor. i'm just a regular person. some people say, "why should i take prevagen? i don't have a problem with my memory." memory loss is, is
gop lawmakers now calling for the embattled fdic chair to resign.eck in with our friends dagen and sean to see what's coming up next on "the bottom line." sean: oh, hey, jackie, thanks for passing it over for our great show coming up in about 22 minutes. so, yeah, fox news polling, new out tonight, we're going to dive into it. don't think it's very good for joe biden. we have ben ferguson on that as well as ohio finds illegals on their voter rolls. ohio secretary of state frank larose...
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May 10, 2024
05/24
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for the biden administration, does me too apply, except for the fdic? >> no, we have seen some people forced to work in unconscionable conditions. >> what are you going to do about the fdic? how will you protect them? >> they definitely deserve protection. this is the sexual harassment claims, they fall under a different federal agency. >> so you are planning to just ignore it? >> no. but i think it is important for agencies to operate under the authority that they have been given by congress. >> wouldn't you want to ask mr. martin gruenberg to resign? to quit? >> i think, senator, you said that the complaints have been made to the proper federal agencies. >> not yet, but they are coming. i am asking you, what are you planning on doing, if anything, because it does not sound like you are planning to do anything to help these young female employees. >> i am happy to make sure that the eeoc is aware. >> you will not do anything about it as labor secretary. >> let me say this, mr. senator, i know that the people need a very strong department of labor. our
for the biden administration, does me too apply, except for the fdic? >> no, we have seen some people forced to work in unconscionable conditions. >> what are you going to do about the fdic? how will you protect them? >> they definitely deserve protection. this is the sexual harassment claims, they fall under a different federal agency. >> so you are planning to just ignore it? >> no. but i think it is important for agencies to operate under the authority that they...
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May 21, 2024
05/24
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of employee mistreatment ansexual harassment at the fdic came to light.e said heould remain at the position until the new successor is confirmed. a white house spokesperson confirmed president biden will soon put forward a new nominee for fdic chair. the announcement came after he testified last week on capitol hill before house and senate lawmakers. you can watch either of those hearings on our website, c-span.org, by typing"fdic" in the search bar. announcer: on tuesday, secretary of state antony blinken will testify about his recent trip to the ukraine, the ongoing fightingetween israel and hamas, in the president 20 budget request. watch live covera from the senate foreign relations committee on c-span3,, c-span now, our free mobile app, or online at c-span.org. ♪ announcer: c-span is your unfiltered view of government. we are funded by these television companies and more, including sparklight. >> the greatest town on earth is the place you call home. at sparklight, it is our home, too, and right now, we are all facing our greatest challenge. that's w
of employee mistreatment ansexual harassment at the fdic came to light.e said heould remain at the position until the new successor is confirmed. a white house spokesperson confirmed president biden will soon put forward a new nominee for fdic chair. the announcement came after he testified last week on capitol hill before house and senate lawmakers. you can watch either of those hearings on our website, c-span.org, by typing"fdic" in the search bar. announcer: on tuesday, secretary...
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May 21, 2024
05/24
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>> reporter: the president will put forward a new nominee for fdic chair soon.ll step down once a successor is confirmed. until that time, he says, i will continue to fulfill my responsibilities as chairman of the fdic including the transformation of the agency's workplace culture. pressure on gruenberg to resign has been building since two grueling congressional hearings last week. lawmakers pressed him on the sexual harassment, stalking and if bullying at the finishing dic under his mel helm as well as gruenberg's own anger issues. >> you've led the agency for 10 of the last 13 years. we've had significant bank failure withs. do you think -- failures. do you think that the fact you respond to bad information by attacking or yelling at the person presenting that that information makes those people less willing to present if bad information to you? >> i endeavor to entreat every employee with courtesy and respect. >> reporter: mchenry will there went op on to say that the report says otherwise. and republicans have been calling on gruenberg to step down since th
>> reporter: the president will put forward a new nominee for fdic chair soon.ll step down once a successor is confirmed. until that time, he says, i will continue to fulfill my responsibilities as chairman of the fdic including the transformation of the agency's workplace culture. pressure on gruenberg to resign has been building since two grueling congressional hearings last week. lawmakers pressed him on the sexual harassment, stalking and if bullying at the finishing dic under his mel...
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May 21, 2024
05/24
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shirley, their reluctance has nothing to do with fdic's line of succession. would fill a vacancy with the agencies distinguished vice chair, who happens to be a republican. surely our colleagues will not play politics in the face of such glaring failures of leadership at a major regulatory authority. this send its oversight responsibility is a serious business and i hope our colleagues in the majority are up to the task. on another matter, yesterday the democratic leader once again tipped his cap to president biden for what he describes as many actions in recent weeks to secure the southern border. which leaves me with a couple of questions. first, what took the president so long? and second, why isn't he taking the actions we know would actually begin to address the crisis that he actually invited? the reason i ask is because time matters here. the cost of an average day of avoidable crisis at the border is measured in thousands of apprehensions of illegal arrivals. and the interdiction of lethal drugs like fentanyl. and if that's not alarming enough conside
shirley, their reluctance has nothing to do with fdic's line of succession. would fill a vacancy with the agencies distinguished vice chair, who happens to be a republican. surely our colleagues will not play politics in the face of such glaring failures of leadership at a major regulatory authority. this send its oversight responsibility is a serious business and i hope our colleagues in the majority are up to the task. on another matter, yesterday the democratic leader once again tipped his...
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May 15, 2024
05/24
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a recent independent investigation found continued sexual harassment and discrimination at the fdic. watch live before the senate banking committee beginning at 10:00 a.m. eastern on c-span3,, c-span now, our free mobile app, or online at c-span.org. announcer: house speaker mike johnson delivered a tribute to fallen police officers during a prayer vigil on capitol hill. joining him at the podium was the widow of an atlantic city police officer, and a retired nypd detective. a widower of a deceased lieutenant. rep. johnson: we want to thank you all for being here on what is a somber evening. there is a biblical admonition that we are to give honor where honor is due, and we take that very seriously. during during national police week and ahead of peace officers memorial day, we give much deserved recognition to our law enforcement officers and in particular, of course, those who have fallen in the line of duty. these are the men and women who pursue justice, maintain order, and guard the safety of our communities from crime and chaos. and those who have given their lives for this nob
a recent independent investigation found continued sexual harassment and discrimination at the fdic. watch live before the senate banking committee beginning at 10:00 a.m. eastern on c-span3,, c-span now, our free mobile app, or online at c-span.org. announcer: house speaker mike johnson delivered a tribute to fallen police officers during a prayer vigil on capitol hill. joining him at the podium was the widow of an atlantic city police officer, and a retired nypd detective. a widower of a...
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May 15, 2024
05/24
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announcer: thursday, the fdic chair, federal reserve vice chair, and acting comptroller of the currency testify about financial oversight, a recent independent investigation found continued sexual harassment and discrimination at the fdic. watch live before the senate banking committee beginning at 10:00 a.m. eastern on c-span 3, c-span now, or online at c-span.org. announcer: c-span is your unfiltered view of government. we are funded by these television companies and more, including comcast. >> oh, you think this is just a community center? no, it's way more than that. >> comcast is partnering with 1000 community centers to create wi-fi enabled listings so students from low income families can get the tools they need to be ready for anything. nouncer: comcast supports c-span as a public service along with these other television providers, givi you a front row seat to democracy. announcer: house lawmakers debated a senate bill to allow $105 billion in funding for the federal aviation administration over the next five years, with a focus on changing the certification of aircraft and imp
announcer: thursday, the fdic chair, federal reserve vice chair, and acting comptroller of the currency testify about financial oversight, a recent independent investigation found continued sexual harassment and discrimination at the fdic. watch live before the senate banking committee beginning at 10:00 a.m. eastern on c-span 3, c-span now, or online at c-span.org. announcer: c-span is your unfiltered view of government. we are funded by these television companies and more, including comcast....
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May 21, 2024
05/24
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the fdic chairman agreeing to resign after widespread sexual harassment was exposed at the fdic.ne with details now. cheryl. >> that's right, maria. martin greenberg is resigning after an investigation revealed widespread sexual harassment. greenberg confirmed he would step down, spending a successor being chosen. fdic vice chair travis hill will step in a as the interim chairman. president biden is expected to choose a new chairman soon. the white house did say that, greenberg said he would continue to fulfill his job duties until a replacement is found including the transformation of the fdic workplace culture. the head of americas' biggest companies breaking salary records last year. half of executives made at least $15.7 million a year, that's a new record. most of that due to stock awards. most of the ceos received year over year raises of at least 9% as well. a quarter of them received 25% raises or more. the highest paid ceo in the report coming in at $162 million per year, followed by palo alto network's 151 million and then blackstone's steve schwarzman making $120 milli
the fdic chairman agreeing to resign after widespread sexual harassment was exposed at the fdic.ne with details now. cheryl. >> that's right, maria. martin greenberg is resigning after an investigation revealed widespread sexual harassment. greenberg confirmed he would step down, spending a successor being chosen. fdic vice chair travis hill will step in a as the interim chairman. president biden is expected to choose a new chairman soon. the white house did say that, greenberg said he...
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May 23, 2024
05/24
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you mentioned the fdic risk review which shows bank capital levels are high, liquidity provisions arere taking steps to build reserves in case there's additional headwinds down the road. maria: i want to ask about the regulatory backdrop here. the consumer financial protection bureau is declaring by now, pay later firms must comply with u.s. credit card laws when protecting customers, under the truth in lending act these firms must make refunds or return products, investigate disputes, pause payments and provide bills with fee disclosures, that's part of it. we've got a whole host of new rules around the climate change agenda out of the biden administration, how would you characterize the regulatory backdrop. >> well, one, it's extremely aggressive against banks right now in particular. the rule that you mentioned by now, pay later, it's a good example of this. where the cpb cuts corners. there's policy, there's process and then there's politics. and while we may agree with the cpb on certain policy, banks are already add a he -- add adherie same standards, the process, they're cuttin
you mentioned the fdic risk review which shows bank capital levels are high, liquidity provisions arere taking steps to build reserves in case there's additional headwinds down the road. maria: i want to ask about the regulatory backdrop here. the consumer financial protection bureau is declaring by now, pay later firms must comply with u.s. credit card laws when protecting customers, under the truth in lending act these firms must make refunds or return products, investigate disputes, pause...
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May 17, 2024
05/24
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. >> earlier today, the chair of the fdic, martin gruenberg and michael barr appeared before the senate to if found continued sexual -- harassment at the agency. watch at 9:00 eastern on c-span. >> joining us now is a professor of law, civil rights■i and socil justice at georgetown university. the author of a book, "white space, black hood." it has been 70ears since the supreme court gave its decision in brown v board of education. haseen the lasting impact? >>ost lasting impact is that brown captured the imagination of a new gener of young people who were to believe -- i am a free and equal citizen. be able to go to school institution in america on a nonracial basis. institution on a nonracial basis. that inspired people like my parents and that culminated in a social and the civil rights act of the 60's. only after that social revolution that the court be enforce brown. brown gets actively enforced by federal courts in 1968-1988 where you have this golden age of school integration which i benefited from. born and raised in huntsville, alabama. i am a proud, young baby br.we d public s
. >> earlier today, the chair of the fdic, martin gruenberg and michael barr appeared before the senate to if found continued sexual -- harassment at the agency. watch at 9:00 eastern on c-span. >> joining us now is a professor of law, civil rights■i and socil justice at georgetown university. the author of a book, "white space, black hood." it has been 70ears since the supreme court gave its decision in brown v board of education. haseen the lasting impact? >>ost...
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May 21, 2024
05/24
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. >>> biden is set to choose a new chair for the fdic. the fdic chair said he will step down once the senate confirms his successor. in the report, employees accused him of bullying and verbal abuse. >> he says he saketakes full responsibility and has apologized. >>> a massive fire is being blamed on storms that blew through the region. crews battled through the night and were able to knock down the fire without any reported injuries. officials believe lightning sparked the blaze. >>> the central united states is facing a barrage of severe storms that brought tornados, heavy rain and baseball-sized hail. that coming after at least 13 tornados were reported sunday night. tearing through colorado, kansas and oklahoma. several people were injured. meanwhile, in hard-hit texas, nearly 150,000 residents are still without power, as blistering heat blankets the state. the death count there rising to eight after this weekend's powerful storm. and the threat continues as another dangerous system barrels toward the north west this morning putting m
. >>> biden is set to choose a new chair for the fdic. the fdic chair said he will step down once the senate confirms his successor. in the report, employees accused him of bullying and verbal abuse. >> he says he saketakes full responsibility and has apologized. >>> a massive fire is being blamed on storms that blew through the region. crews battled through the night and were able to knock down the fire without any reported injuries. officials believe lightning sparked...
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May 16, 2024
05/24
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but there is one person, one man, who has been in charge of the fdic for 10 of the last 13 years. he has been on his third tour of becoming the chair. and these complaints stretch back to each time that he has been chairman. and in fact, the other two intervening chairs, sheila baird from president obama, and yellenna mcwilliams from president trump have spent their time cleaning up the mess that martin gruenberg has created. if you created the environment, you can't fix the environment and you are not the right person for the job. if you say everyone had been held to a higher standard from now on, yet will not hold yourself to that same standard, you are not the right person for the job. madam speaker, the time has arrived for the fdic chairman martin groundberg to -- gruenberg to resign or be fired. i yield back. the speaker pro tempore: the chair recognizes the gentlewoman from illinois, mrs. ramirez, for five minutes. mrs. ramirez: i ask unanimous consent to address the house for five minutes. mr. speaker, in recognition of jewish american heritage month i rise today to honor
but there is one person, one man, who has been in charge of the fdic for 10 of the last 13 years. he has been on his third tour of becoming the chair. and these complaints stretch back to each time that he has been chairman. and in fact, the other two intervening chairs, sheila baird from president obama, and yellenna mcwilliams from president trump have spent their time cleaning up the mess that martin gruenberg has created. if you created the environment, you can't fix the environment and you...
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May 21, 2024
05/24
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white house spokespson already confirmed that president biden will soon put forwa a new nominee for fdicr. announcement from mr. greenburg came after he testified on lawmakers. you can watch either of thoseure c-span.org by asking the search bar. >> c-span's washington journal, our live forum involving you to discuss the latestue in government, politics and public policy. from and across the country coming up tuesday morning the heritage foundation charles discusses federal, state and local law enforcement policies then missouri democratic congress mane manuel ta israel-hamas war, black voters and campaign 2024, immigration, congressional news of the day.to journal, join in the conversatn live at 7:00 a.m. eastern tuesday morning on c-span, c-span now and free mobile app or online at c-span.org. >> c-span is view of government. we are funded by these including comcast.es and more >> are you thinking this is just a community center, no, it's more than that. >> comcast is partnering with a thousand community centers tocro students from low-income families can get the tools theyr
white house spokespson already confirmed that president biden will soon put forwa a new nominee for fdicr. announcement from mr. greenburg came after he testified on lawmakers. you can watch either of thoseure c-span.org by asking the search bar. >> c-span's washington journal, our live forum involving you to discuss the latestue in government, politics and public policy. from and across the country coming up tuesday morning the heritage foundation charles discusses federal, state and...
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May 16, 2024
05/24
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. >> maria, the way, shape or form we need to know about fdic under lairp of greenberg a toxic abusiveenvironment what i hope marty greenberg will say this morning is he resigns has been there more than two decades one thing coming out of his leadership there, is a corrosive environment michael barr the fd his proposal to put more capital on the sidelines, make its harder for small businesses to start making it harder for millennials to borrow for their first memo a terrible concept trying to have a capital solution for a national liquid issue you know blelt better that have been anybody. >> why is fdic so toxic marty greenberg leadership style scream, shout throw things, the fact of the matter he has an abusive corrosive environment brought to our attention by whistleblowers for the last couple years >>thanks so much for being here. >> senator tim scott. we'll be right back.. . a slow network is no network for business. that's why more choose comcast business. and now we're introducing ultimate speed for business, our fastest plans yet. we're up to 12 times faster than verizon, at&t,
. >> maria, the way, shape or form we need to know about fdic under lairp of greenberg a toxic abusiveenvironment what i hope marty greenberg will say this morning is he resigns has been there more than two decades one thing coming out of his leadership there, is a corrosive environment michael barr the fd his proposal to put more capital on the sidelines, make its harder for small businesses to start making it harder for millennials to borrow for their first memo a terrible concept...
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May 13, 2024
05/24
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the fdic's chairman did apologize, spoke to this. i would send you there. the fdic's and independent agency, so i would refer you to them as to anything else coming out from the fbi see on this particular matter. i don't have any personnel announcement to make at this time. >> i know you don't want to get ahead of the announcement, but can you more broadly talk about the role that -- trying to protect american workers versus consumers? tariffs are often attached to consumers. how can you assure americans that more tariff do not come with higher costs? >> i will let the announcement speak for itself, but what china has played, they play by a different set of rules. this is what we know to be clear. it has been unfair and anticompetitive practices. forcing technologies transfer, stealing intellectual property, stored in market forces with unrivaled subsidies, barriers, flooding markets with artificially cheap products to wipe out the competition. that is what we have seen from china with their unfair trade policies. we have done the opposite here. what we hav
the fdic's chairman did apologize, spoke to this. i would send you there. the fdic's and independent agency, so i would refer you to them as to anything else coming out from the fbi see on this particular matter. i don't have any personnel announcement to make at this time. >> i know you don't want to get ahead of the announcement, but can you more broadly talk about the role that -- trying to protect american workers versus consumers? tariffs are often attached to consumers. how can you...
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May 15, 2024
05/24
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the fdic's chair testifying on capitol hill. a toxic work environment, bullying and discrimination.r? >> reporter: he's sorry for his bad behavior. the fdic's chair fending off calls to step down, the top republican on senate banking, tim scott had a phone call where he told him to redesign and today the chairman of house financial services, patrick mchenry also called for him to step down. >> the fact that you've not yet redesigned proves you take no responsibility for your actions. this includes your verbally abusive behavior. this is beyond partisanship. >> reporter: bloomberg has admitted to contributing to the toxic workplace exposed in an independent investigation where employees told investigators many felt sexually harassed from other employees, verbally abused and retaliated against for reporting bad behavior from the top down but the buck stops with bloomberg, he admits he contributed with his own anger issues. staff described him as someone who was angry and upset and could not control his anger, it is difficult and volatile. >> i want to apologize and express how deeply
the fdic's chair testifying on capitol hill. a toxic work environment, bullying and discrimination.r? >> reporter: he's sorry for his bad behavior. the fdic's chair fending off calls to step down, the top republican on senate banking, tim scott had a phone call where he told him to redesign and today the chairman of house financial services, patrick mchenry also called for him to step down. >> the fact that you've not yet redesigned proves you take no responsibility for your...
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May 1, 2024
05/24
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senator kennedy: i want to ask you about the fdic. have you read the article "wall street journal" entitled strip clubs and nude photos and toxic. did you read the article fdic lawyers stayed on paid leave for weeks after child porn arrest. mr. powell: i don't remember that one. senator kennedy: did you read the fdic chair known for temper ignored bad behavior in workplace, end quote? mr. powell: i read so much. i remember the broad story, but the particular stories. senator kennedy: did you read the article in which a former female employee of the fdic recalled her male colleagues saying women needed to use sex to get ahead at the fd inch c? mr. powell: i don't recall. senator kennedy: did you read the article that a female risk manager during a lunch said she had become friendly with that examiner and he complained to her about his marriage, telling her he wasn't getting enough sex and she said or he allegedly said, obviously if i walked into this office and you were naked, i would f-right here. wall wall do you remember the supervi
senator kennedy: i want to ask you about the fdic. have you read the article "wall street journal" entitled strip clubs and nude photos and toxic. did you read the article fdic lawyers stayed on paid leave for weeks after child porn arrest. mr. powell: i don't remember that one. senator kennedy: did you read the fdic chair known for temper ignored bad behavior in workplace, end quote? mr. powell: i read so much. i remember the broad story, but the particular stories. senator kennedy:...
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May 16, 2024
05/24
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if they go bankrupt, does the fdic reimburse the customers? >> thank you for the question. the simple answer is no. those customers are holding their phones with the relationship only to that non-bank intermediaries. the fdic -- >> it's like loading mother to your brother not if your brother-in-law is sam bankman-fried's. >> yes. >> okay. i'll ask mr. holshouser, representing technet. if one of your members goes bankrupt will the other members ship in and make the customers hold or will those customers, voters be here demanding congress bail them out? >> depends on what side of the fintech and as you speaking of. there's reliability, credit and debit and of the product but some exposure. >> you've got, right now they're holding onto $18 billion. they they are investigating either something safe or maybe pork bellies, i don't know where they put their money. where are they put it today they can put it somewhere else more risky tomorrow. your members are not going to build them up. it here demanding a bailout from congress. i'll point out the deal with venmo is that you pay 1
if they go bankrupt, does the fdic reimburse the customers? >> thank you for the question. the simple answer is no. those customers are holding their phones with the relationship only to that non-bank intermediaries. the fdic -- >> it's like loading mother to your brother not if your brother-in-law is sam bankman-fried's. >> yes. >> okay. i'll ask mr. holshouser, representing technet. if one of your members goes bankrupt will the other members ship in and make the...
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May 21, 2024
05/24
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plan to resign after an employee -- reports that employemistreatment and sexual harassment at the fdic came to light. he said he would remain to the positi until a new successors conference. a white house spokesperson confirmed president biden will soon put forward a new nominee for fdic the announcement from him came after he testified last week on capitol hill before house and senate lawmakers. you can watch either of those hearings on our website, c-span.org by typing fbi see in the search bar. -- fbi see in the search bar. >> the house will be in order. >> c-span celebrates 45 years of celebrating congress like no others. since 1979 we been your primary source for capitol hill, providing balance, unfiltered views of government. all of the support of america's cable company. c-span, 45 years and counting, powered by cable. >> at the state department, spokesperson matthew miller talked about the spokesperson of the iranian president saying the u.s. policy toward iran had not changed. he also cover the international criminal court's move to seek arrest warrants for israeli prime minis
plan to resign after an employee -- reports that employemistreatment and sexual harassment at the fdic came to light. he said he would remain to the positi until a new successors conference. a white house spokesperson confirmed president biden will soon put forward a new nominee for fdic the announcement from him came after he testified last week on capitol hill before house and senate lawmakers. you can watch either of those hearings on our website, c-span.org by typing fbi see in the search...
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May 8, 2024
05/24
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and there are some republicans who are now calling for the resignation of the fdic chair, do you think he should resign? >> let me say that i am still reviewing the report, what i am seeing, what i am seeing is concerning even disturbing, but we will hear from the chairman in just a few days and he will appear before my committee and we will get a chance to hear from him directly and we will see where we go from there. >> fair enough. >> let me be clear, an abusive and toxic workplace environment where people feel that they are being abused in some way, that is hostile, to the work environment, it is intolerable and one way or the other, it will have to be addressed and you will -- we will make sure that it happens. >> we look forward to the testimony before the banking committee in just a few days and there is a lot that is still happening including israel where there have been moves into rafah and the gaza city in which more than one million palestinians are taking refuge and we have gotten confirmation from the defense department and the secretary that the u.s. has withheld a shipme
and there are some republicans who are now calling for the resignation of the fdic chair, do you think he should resign? >> let me say that i am still reviewing the report, what i am seeing, what i am seeing is concerning even disturbing, but we will hear from the chairman in just a few days and he will appear before my committee and we will get a chance to hear from him directly and we will see where we go from there. >> fair enough. >> let me be clear, an abusive and toxic...
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May 10, 2024
05/24
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the fdic does a number of studies. we ask why don't you have a bank account. thfirst is i'm afraid of havi one because of surprised fees. and the second is erdraft fees. ese set of fees are explicitly creating financial excluon. mr. sueiro: we s similar findings with credit cards. there are surveys out ther asking consumers why don't you have a credit card? if you don't, they ci costs, interest rates, and late fees as one of the rsons they don't get those. i would add people w do have these high-cost products are often more likely to for credi cards being delinquent. overdraft fees to lose their products. get overburdened in debt. and pushed out of the finaial system if they are not able to pay those fees. senator menendez: according to a 2019 fdic survey, 36% cited distrust of banks as a reason for not having an account. we have to try to modify because we need people to enter a port financial institution so this way they are not going to the check cashing place and payday lender and pawnbroker. one final question. one area where renters are feeling acutely t
the fdic does a number of studies. we ask why don't you have a bank account. thfirst is i'm afraid of havi one because of surprised fees. and the second is erdraft fees. ese set of fees are explicitly creating financial excluon. mr. sueiro: we s similar findings with credit cards. there are surveys out ther asking consumers why don't you have a credit card? if you don't, they ci costs, interest rates, and late fees as one of the rsons they don't get those. i would add people w do have these...
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May 21, 2024
05/24
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. >>> and the chairman of the fdic is out following a report about the agency's toxic workplace culture. the white house confirmed that martin gruenberg will step down once his successor is appointed. his departure comes after a report cites alleged incidents of stalking, harassment, homophobia, and other things at the federal agency. the report was based on more than 500 complaints from employees. >> well, the nation's midsection is expected to get slammed by a new round of severe weather today. more than 50 million people are at risk. last night baseball-sized hail cracking a car's windshield. an intense line of thunderstorms is expected to push through iowa and missouri this afternoon, reaching chicago and milwaukee later on this evening. tomorrow severe weather will flare up in texas, arkansas, and oklahoma, and extending all the way north to buffalo. >>> coming up, arizona police rush into a home to save a baby who was shot during a domestic violence incident. >>> and a former red sox pitcher is arrested. the disturbing charges he's facing. facing. if advanced lung cancer has you s
. >>> and the chairman of the fdic is out following a report about the agency's toxic workplace culture. the white house confirmed that martin gruenberg will step down once his successor is appointed. his departure comes after a report cites alleged incidents of stalking, harassment, homophobia, and other things at the federal agency. the report was based on more than 500 complaints from employees. >> well, the nation's midsection is expected to get slammed by a new round of...
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May 15, 2024
05/24
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. >> thursday, fdic chair martin gruenberg, federal vice chair michael barber and comptroller of the currency michael suda testify about financial oversight. a recent independent investigation found continued sexual harassment and discrimination at the fdic. watch live before the senate banking committee beginning at 10:00 a.m. eastern on cpn -- c-span three, c-span now, our free mobile video app or online at c- span.org. >> now they've wrecked their country so they want to come here and collect our welfare instead. so no asylum cases. >> most people come here to make a better life, if not for them, for their kids. my italian grandparents never spoke english. i never had a conversation with them and yet they made america great. >> this friday, author ann coulter and columnist saw rabbi murray delete recent magazine's nick lesbian the young turks for euchre over the question should the u.s. shut its borders. the debate is moderated by barry weiss. watch it friday at 9:00 p.m. eastern on c-span and online at c-span.org. >> c-span is your unfiltered view of government. we are feared and
. >> thursday, fdic chair martin gruenberg, federal vice chair michael barber and comptroller of the currency michael suda testify about financial oversight. a recent independent investigation found continued sexual harassment and discrimination at the fdic. watch live before the senate banking committee beginning at 10:00 a.m. eastern on cpn -- c-span three, c-span now, our free mobile video app or online at c- span.org. >> now they've wrecked their country so they want to come...
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May 16, 2024
05/24
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testifying today, fdic chair, martin gruenberg, michael barr, and michael hsu. martin gruenberg was facing a bipartisan grilling yesterday over a report that found pervasive harassment and mistreatment of employees at the agency. democrats yesterday blasted gruenberg's leadership and openly questioned whether he should stay at the agency but stopped short of joining republicans and calling for his removal, which would lead to a crackdown on big banks and halts financial rules opposed by the industry. that, from politico. today senate lawmakers are expected to continue the questioning. senator brown is chair and tim scott of south carolina is the top republican on the banking committee. you are watching live coverage on c-span3.
testifying today, fdic chair, martin gruenberg, michael barr, and michael hsu. martin gruenberg was facing a bipartisan grilling yesterday over a report that found pervasive harassment and mistreatment of employees at the agency. democrats yesterday blasted gruenberg's leadership and openly questioned whether he should stay at the agency but stopped short of joining republicans and calling for his removal, which would lead to a crackdown on big banks and halts financial rules opposed by the...
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May 20, 2024
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you can watch either of those hearings on our website c-span by typing fdic in the search bar. >> thiseek on the c-span networks -- the house and senate are in session. the house will take up legislation clarifying the securities and exchange commission and the ability to regulates a it's and cryptocurrency and the senate will take a revote on an immigration bill that was blocked earlier this year. secretary blinken will testi two congressional committees to discuss s department's proposed 25 dget and the state of ameca democracy and global instability on tuesday before the senate foreign relations committee and then on wednesday before the house reign affairs committee. on thursday, northwestern university president michael schill, rutgers university president will talk about the anti-semitic protest on their campus before the house education and workforce committee. and beginning friday, live coverage of the three-day libertarian convention. friday speakers include 2024 independent presential candidate rert f. kennedy jr. and saturday speakers include republican presidential candidat
you can watch either of those hearings on our website c-span by typing fdic in the search bar. >> thiseek on the c-span networks -- the house and senate are in session. the house will take up legislation clarifying the securities and exchange commission and the ability to regulates a it's and cryptocurrency and the senate will take a revote on an immigration bill that was blocked earlier this year. secretary blinken will testi two congressional committees to discuss s department's...
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May 15, 2024
05/24
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thursday, fdic chairman, and the federal reserve vice
thursday, fdic chairman, and the federal reserve vice
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May 21, 2024
05/24
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. >>> president biden is set to pick a successor to the fdic chair. chair said he will step down once the senate confirms a successor. in a report, employees accused him of bullying and verbal abuse. he said he takes full responsibility and has apologized. >>> now, to a difficult truth for donald trump's media company. trump media, the parent company of truth social lost over $320 million in the first quarter of the year. with the revenue of less than 800,000, according to the earnings report. trump media filed with the sec on monday. it's one of the first measures of the company's true financial health since debuted as a public company on the stock exchange in march. >>> still to come, black widow is unleashing her venom. why is scarlett johansson calling out open a.i. n calling out open a.i. so if you're frustrated with occasional bloating... ♪♪ [stomach noises] gas... or abdominal discomfort... help stop the frustration and start taking align every day. align probiotic was specifically designed by gastroenterologists to help relieve your occasional
. >>> president biden is set to pick a successor to the fdic chair. chair said he will step down once the senate confirms a successor. in a report, employees accused him of bullying and verbal abuse. he said he takes full responsibility and has apologized. >>> now, to a difficult truth for donald trump's media company. trump media, the parent company of truth social lost over $320 million in the first quarter of the year. with the revenue of less than 800,000, according to the...
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May 15, 2024
05/24
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if they do go bankrupt, does the fdic reimburse the customers? >> thank you for the question and the simple answer is no. those customers are holding their funds with the relationship only to that non- bank intermediary. >> it is like loaning money to your brother-in-law? >> yes. >> i will ask representing technet if one of your members goes bankrupt, will the other members ship in and make the customers hold, or will those customers or voters be here demanding that congress build amount? >> it depends on what side you are speaking of. and the other is zero liability for credit and debit but there is some exposure. >> right now they are holding onto $18 billion and investing it in either something safe or maybe pork bellies. i don't know where they put their money. wherever they put it they could put it somewhere more risky tomorrow. and your members won't bail them out and they will be here demanding a bailout from congress. i will point out that the deal with venmo is you pay 1.75% to get your money three days earlier. i don't think apr is real
if they do go bankrupt, does the fdic reimburse the customers? >> thank you for the question and the simple answer is no. those customers are holding their funds with the relationship only to that non- bank intermediary. >> it is like loaning money to your brother-in-law? >> yes. >> i will ask representing technet if one of your members goes bankrupt, will the other members ship in and make the customers hold, or will those customers or voters be here demanding that...
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May 15, 2024
05/24
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discrimination at the fdic. watch live before the senate banking committee beginning at 10:00 a.m. eastern on cpn -- c-span three, c-span now, our free mobile video app or online at c- span.org. >> now they've wrecked their country so they want to come here and collect our welfare instead. so no asylum cases. >> most people come here to make a better life, if not for them, for their kids. my italian grandparents never spoke english. i never had a conversation with them and yet they made america great. >> this friday, author ann coulter and columnist saw rabbi murray delete recent magazine's nick lesbian the young turks for euchre over the question should the u.s. shut its borders. the debate is moderated by barry weiss. watch it friday at 9:00 p.m. eastern on c-span and online at c-span.org. >> c-span is your unfiltered view of government. we are feared and did by these television companies and more including wow. >> the world has changed. today a fast reliable internet connection is something that one can live without so wow is there for our customers with speed, reliability, valu
discrimination at the fdic. watch live before the senate banking committee beginning at 10:00 a.m. eastern on cpn -- c-span three, c-span now, our free mobile video app or online at c- span.org. >> now they've wrecked their country so they want to come here and collect our welfare instead. so no asylum cases. >> most people come here to make a better life, if not for them, for their kids. my italian grandparents never spoke english. i never had a conversation with them and yet they...
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May 16, 2024
05/24
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. ♪♪ >> earlier today the chair of the fdic's martin grunberg federal vice chair michael barton actingwhat the senate banking committee hearing tonight at 9:00 o'clock eastern on c-span. c-span now our free mobile video app or online at c-span.org. >> now they have ripped their country so they want to come here and collect our instead. >> most people come here to make a better life if not for them, but their kids. my italian grandparents never spoke english. they made america great. >> this friday author ann coulter and columnist debate the young turks over the question should the u.s. shut it orders. the debate is moderated by journalist barry rice. watch it friday at 9:00 p.m. eastern on c-span and online c-span.org. ♪♪ american history tv. saturdays on c-span2 exploring the people and events that tell the american story. at 7:00 p.m. eastern hour american tv series congress investigates look at historic congressional investigations that led to changes in policy and law. this week house committee in 1993 and 1995 examined events carried out by the federal government and other law enf
. ♪♪ >> earlier today the chair of the fdic's martin grunberg federal vice chair michael barton actingwhat the senate banking committee hearing tonight at 9:00 o'clock eastern on c-span. c-span now our free mobile video app or online at c-span.org. >> now they have ripped their country so they want to come here and collect our instead. >> most people come here to make a better life if not for them, but their kids. my italian grandparents never spoke english. they made...
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May 15, 2024
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. >> thursday fdic chair of the federal reserve the vice chair and acting comptroller of the currency testify about financial oversight, a recent independent investigation found continued sexual harassment, discrimination at the fdic. watch before the senate banking committee at 10:00 a.m. eastern or the free mobile video app or online at c- span.org. >> get information from members of government right in the palm of your hand when you order the copy of the 2024 congressional directory with bio members of the congress. with the president's cabinet. federal agencies and state governors. it cost $32.95 plus shipping and handling. every purchase help support nonprofit operations. scan the code on the right. order your copy today. >> now they have wrecked their country so they want to come here and collect our welfare instead. so no asylum cases. >> most people come here to make a better life if not for them, for their kids. my italian grandparents never spoke english. i never had a conversation with them. they made america great. >> this friday and culture debates over the question shoul
. >> thursday fdic chair of the federal reserve the vice chair and acting comptroller of the currency testify about financial oversight, a recent independent investigation found continued sexual harassment, discrimination at the fdic. watch before the senate banking committee at 10:00 a.m. eastern or the free mobile video app or online at c- span.org. >> get information from members of government right in the palm of your hand when you order the copy of the 2024 congressional...
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May 16, 2024
05/24
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fdic chair martin will answer questions from lawmakers about an independent investigation that foundexual harassment at the agency. michael bar and comptroller michael sue will testify. watch live coverage on the c-span now video app or online at c-span.org. c-span is your unfiltered view of government funded by these companies and more including charter communications. >> charter is proud to be recognized as one of the best internet providers and we are just get s
fdic chair martin will answer questions from lawmakers about an independent investigation that foundexual harassment at the agency. michael bar and comptroller michael sue will testify. watch live coverage on the c-span now video app or online at c-span.org. c-span is your unfiltered view of government funded by these companies and more including charter communications. >> charter is proud to be recognized as one of the best internet providers and we are just get s