Ed Morrissey

Warren and Brown may end up in the minority even among Democrats. The report does not support the idea that the problems all predate Martin Gruetenberg; it in fact focuses explicitly on Gruenberg's actions and the atmosphere he has created at FDIC:

FDIC Chairman Martin Gruenberg’s behavior is also examined in the report, describing “deeply unsettling exchanges” between the chair and his subordinates. Several instances of the chairman losing his temper are outlined in a chapter of the report, stating in one example that as recently at last year, he held a 45-minute rant on bank failures where he threatened that he could “fire” or “reassign” anybody he wanted. Attendees described the meeting as “embarrassing and inappropriate.”

His “reputation raises questions about the credibility of the leadership’s response to the crisis and the ‘moral authority’ to lead a cultural transformation,” the report states.

So why are Warren and Brown so intent on protecting Gruenberg?