When shocking reports surfaced recently of discrimination, harassment and a toxic workplace culture at the Federal Deposit Insurance Corporation, members of both parties in Congress called for holding FDIC leadership accountable. Yet even before the investigations are complete and any disciplinary measures have been taken, some are pushing to ram through legislation giving the FDIC massive new powers without a scintilla of accountability. Senate Banking Committee Chairman Sherrod Brown (D-Ohio) led a letter with Senate Democrats calling for the FDIC to investigate and remove wrongdoers within the agency. The letter states that “allowing employees that have engaged in misconduct to sta
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