— Progressive allies so far are standing by Gruenberg. Senate Banking Chair Sherrod Brown (D-Ohio) said he “must accept responsibility and must immediately work to make fundamental changes to the agency and its culture.”
Sen. Elizabeth Warren (D-Mass.) told reporters she thought Gruenberg would be capable of implementing the recommendations from the independent investigation and had been “approaching it with the right attitude.”
“The problems with the FDIC date back to Democratic and Republican administrations going back many, many years,” Warren said. “Chairman Gruenberg has welcomed this investigation, has made it clear that he accepts the findings and has committed to make changes at the agency.”
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