Another Investigation Opens for FDIC Leadership Misconduct

Things at the Federal Deposit Insurance Corporation (FDIC) just seem to keep getting worse. On Tuesday, it was reported that the FDIC’s internal watchdog has opened still another investigation into misconduct at the highest levels of that quasi-governmental organization.

The FDIC Inspector General has opened two investigations into workplace misconduct. The FDIC inspector general has launched two inquiries into workplace misconduct.

A spokesperson for the Inspector General’s Office announced that the office would conduct a special inquiry to examine the culture of leadership at the FDIC with regard to harassment and inappropriate behavior. This watchdog will evaluate the FDIC’s program to prevent sexual harassment.

The Wall Street Journal reported the same thing. The Wall Street Journal also reported this. It is obvious that this kind of behavior would result in firings, lawsuits, and even prosecutions at any private company. In a quasi-government “corporation “? At least three investigations are in progress. It is not yet known if they will result in even a red slip. People are skeptical because of past failures to treat all people equally.

The FDIC has come under bipartisan criticism from Congress.

Republicans are calling on FDIC Chair Martin Gruenberg’s resignation over reports that he also ignored poor workplace behaviors and was known for having a temper. Democrats in the Senate Banking Committee have called for an investigation by the FDIC IG into the agency’s culture.

There are two major groups of people who have different views on the law and standards of conduct. One group believes that sexual misconduct is wrong simply because it is illegal, but they think that they will get away with it due to their power or position.

It is not surprising that the FDIC has declined to comment.