OPINION: This article may contain commentary which reflects the author's opinion.
The head of the Federal Deposit Insurance Corporation (FDIC) resigned months ago after warning of a “hostile takeover” by the Democrats. Now, she’s taking action on her own to combat the policies of Democrats.
Jelena McWilliams, who was the chairperson of the agency and appointed by former President Donald Trump, sounded the alarm about how Senate Democrats were going around her to suit their own agenda.
“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,” she said.
“Serving the American people alongside the dedicated career professionals of the FDIC has been the highlight of my professional life. Throughout my tenure, the agency has focused on its fundamental mission to maintain and instill confidence in our banking system while at the same time promoting innovation, strengthening financial inclusion, improving transparency, and supporting community banks and minority depository institutions, including through the creation of the Mission Driven Bank Fund. Today, banks continue to maintain robust capital and liquidity levels to support lending and protect against potential losses,” the chair said.
“The unexpected shock of COVID-19 tested the resilience of our financial system beginning in March 2020, and the FDIC took swift actions to maintain stability and provide flexibility for banks and consumers. The core of our financial system not only weathered the storm but was a tangible source of strength for the American economy. The committed staff of the FDIC deserves great credit for these results, and they have my profound gratitude. I am humbled by their dedication to the FDIC’s mission and honored to have served with them,” she said.
McWilliams has since joined Cravath’s Corporate Department and her role will be to fight back against the exact “hostile takeovers” in Congress that she left the FDIC over.
Senate Majority Leader Chuck Schumer came under fire recently when he and Pelosi bragged about “sabotaging” President Trump during a joint interview on CNN.
The two Democrats appeared on “Anderson Cooper 260” where they were interviewed by reporter Jamie Gangel as they were having dinner at “Hunan Dynasty” and they gloated about how they worked as a team against Trump.
“I want to talk about how the two of you navigated working with former President Trump, because …,” the reporter asked as Sen. Schumer interrupted.
“We had a good time,” he said.
“Because he famously nicknamed the two of you, ‘Chuck and Nancy.’ Right? It was always ‘Chuck and Nancy.’ I think you both knew that Speaker Pelosi got under his skin. Right?” the reporter said.
“Yes,” the senator responded.
“Was there a strategy when you went into a meeting? Was there a good cop, bad cop?” the reporter said.
“He’s just inaugurated. This is a historic moment, the President of the United States. So I’m thinking, ‘How is he going to begin? Is he going to quote the Constitution, American history, poet, the Bible? ‘You know, I won the popular vote,’” the Speaker said.
“That’s how he started,” Sen. Schumer said.
“And I said, ‘Mr. President, that’s just not true,” Speaker Pelosi added.
“We sort of set him up instinctively. We didn’t plan this. Everyone thought we planned it out. It was about the government shutdown, the first time. And Nancy said something to him about, he didn’t understand – what – about women – so –,” Sen. Schumer said.
“Chuck was masterful. He was masterful,” Speaker Pelosi said.
“Well, she set him up, so I could go in for the kill,” the Senate Majority Leader said.
“But he was masterful. He’s talking to him about the government shutdown, about immigrants and the rest. And he says, ‘I have taken ownership of the shutdown,” the Speaker said.
“I said, ‘So Mr. President, you’ll – will you own the shutdown?’ ‘Yes, I will.’ And that was –,” the Senate Majority Leader said before a waitress interrupted him by bringing him his dumplings.
