The nation’s embattled chief regulator of federal banks, identified in an independent audit as easily angered and quick to berate employees, deliberately spoke softly and measuredly Wednesday on Capitol Hill as he fended off calls for his resignation. Martin Gruenberg, chairman of the Federal Deposit Insurance Corp., explained, apologized, and took responsibility after the audit […]
If those in federal office are willing to pay attention, the states are displaying the best—and the worst—of our republican form of government. Every four years, American citizens get the opportunity to express their satisfaction or dissatisfaction with the direction of the country, endorse a policy agenda for the nation, and hold the occupant of […]
The rapid succession of bank failures last spring clearly spooked federal regulators at the FDIC, the Federal Reserve Board and bank depositors. The bad decision-making at Silicon Valley Bank, Signature Bank and First Republic Bank caused the regulators to implement emergency life preserver measures to banks and conjured up memories of the 2008 financial crisis. […]
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