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Reply to "What's going on at the FDIC?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]If gruenberg resigned, his replacement would have to be confirmed by the senate, right? If so, I think he stays so that the fdic board doesn’t get gridlocked 2-2 for the remainder of bidens first term. [/quote] Assume Hill would become acting chair. Gridlock need not occur if all are willing to compromise on workable solutions.[/quote] But there would still be a vacancy that requires senate confirmation? What constitutes a workable solution is always in the eye of the beholder. [/quote] There would be a vacancy, but good luck filling it in an election year. As to workable, maybe, maybe not. There is a split view on the bank failures this year; one side blames poor supervision by the supervisory authorities and says the failures are not attributable to inadequacies in the rules, the other is convinced they show a need for much tougher rules.[/quote]
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