The head of the Federal Deposit Insurance Corporation (FDIC) gave her notice on December 31, 2021, that she would be resigning effective February 4, 2022.
Jelena McWilliams was serving as the Chairman of the FDIC since June of 2018 under the Trump administration.
In her resignation letter, McWilliams stated,
“When I immigrated to this country 30 years ago, I did so with a firm belief in the American system of government. During my tenure at the Federal Reserve Board of Governors, the United States Senate, and the FDIC, I have developed a deep appreciation for these venerable institutions and their traditions. It has been a tremendous honor to serve this nation, and I did not take a single day for granted. Throughout my public service, I have been constantly reminded how blessed we are to live in the United States of America.”
But this wasn’t all she had to say. She actually subtly gave us a hint at why she was resigning in an op-ed for the Wall Street Journal in which she warned of a hostile takeover of the FDIC.
“Of the 20 chairmen who preceded me at the FDIC, nine faced a majority of the board members from the opposing party, including Mr. Gruenberg as chairman under President Trump until I replaced him as chairman in 2018,” McWilliams wrote. “Never before has a majority of the board attempted to circumvent the chairman to pursue their own agenda.”
“This conflict isn’t about bank mergers. If it were, board members would have been willing to work with me and the FDIC staff rather than attempt a hostile takeover of the FDIC internal processes, staff and board agenda.”
So what are we to make of this? Well, we should understand this like everything else we’ve believed to know about the Democrats: they are seeking ultimate control of everything. This will extend to every branch of government while we are under the dictatorship of Joe Biden.
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