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STATEMENT | AUGUST 29, 2024 |
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Statement by Jonathan McKernan, Director, FDIC, Board of Directors, on Prompt Accountability for Misconduct by FDIC Executives
Tonight, the Board rejected my proposal to establish a committee that would oversee independent investigations by outside investigators of existing and future allegations of misconduct by FDIC executives. The Board instead adopted a convoluted and complicated process for another regulator to retain investigators to maybe someday, somehow, sort of investigate some subset of those allegations on behalf of the FDIC.
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