FDIC Chair Resigns, Warns Democrats Launching ‘Hostile Takeover’
FDIC Chairman Jelena McWilliams announced her resignation on Friday after warning that Democrats had launched a “hostile takeover” of the agency.
McWilliams resigned in an open letter addressed to President Biden.
McWilliams was appointed to the position in 2018 by President Donald Trump.
“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,
