Since Biden has taken office, he’s done everything he could to undo Trump’s accomplishments. He’s erased Trump’s border protections. He crippled our energy dominance. He’s even triggered inflation and promised to raise taxes, hampering Trump’s dynamic economy.
But apparently, he was far from finished. When Biden took over, he pumped the FDIC with Democrat appointees. In the past, this didn’t matter, as the board worked with leaders from the opposing party. Not anymore. Trump’s FDIC chair warned what Biden was trying to do. Now, she is leaving.
From Fox News:
FDIC Chairman Jelena McWilliams announced her resignation Friday in an open letter addressed to President Biden, just weeks after she warned of a “hostile takeover” of the agency by Democrats…
“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 in her op-ed. “Never before has a majority of the board attempted to circumvent the chairman to pursue their own agenda.”
FDIC Chairman McWilliams accused Democrats on the board of a “hostile takeover” of its “internal process, staff and board agenda.” This, she said, has never been done in the organization’s history. But it’s par for the course for the Biden administration, which appears to be staffed only by progressive socialists.
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The conflict apparently has gotten so bad, that Trump’s appointee was forced to resign. McWilliams, a distinguished lawyer and policy expert, will be leaving in February. She will almost certainly be replaced by a Biden appointee, who will no doubt be a far-left crony.
It appears Biden’s administration is only concerned with pushing a progressive agenda. Moderates and conservatives need not apply. Biden has continued to push failed policies. Even as they triggered crises and hurt the U.S. economy, he stuck to these decisions.
That’s because the people pulling the strings are far-left socialists, many of whom worked for Bernie Sanders. Even on a board like the FDIC, they weren’t interested in cooperating with the chairwoman for the good of the nation. Instead, they pushed a radical agenda, perhaps to find inroads into America’s banks.