During a full Financial Services Committee hearing, intended to conduct oversight of the Federal Deposit Insurance Corporation’s (FDIC) failed leadership and toxic 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 Gottleib 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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