Last Wednesday, the House Financial Services Committee subjected Federal Deposit Insurance Corporation (FDIC) chairman Martin Gruenberg to yet another grilling over workplace conditions at FDIC. At one point, the Committee's chair, Representative Patrick McHenry (R-NC), called on Mr. Gruenberg to resign.

Gruenberg's job is on the line in the wake of a damning investigation that found widespread sexual harassment and a toxic workplace culture at the banking agency he leads.

• "The fact that you've not yet resigned proves that you take no responsibility for your actions and the words that you've used so far," McHenry said in opening remarks at the hearing meant to address financial regulation. 
• "Let me be clear, showing up today is not an act of courage," he added. "It's an act of hubris."

While Mr. Gruenberg remains the Chairman of the FDIC, other members of the FDIC's leadership panel have not come under similar scrutiny. Those members include Michael J. Hsu, who is also Acting Comptroller of the Currency, and Rohit Chopra, who is notably also the Director of the Consumer Financial Protection Bureau (CFPB), which has human resources-related issues of its own.

See Related: Pay Raise Fight at Consumer Financial Protection Bureau: Big Raises for Execs, Bupkis for Workers

Mr. Gruenberg remains the primary target of the investigation and the calls for resignation. If Mr. Gruenberg were to step down, Vice Chairman Travis Hill - a Republican - would ascend to the role of Chairman.

Several Republicans mentioned that regulators at the FDIC wouldn't tolerate the kind of behavior outlined in the investigation if it were happening at a bank. "A horrible double-standard," said Rep. French Hill (R-Ark.)

• "Mr. Gruenberg, you have become the Michael Cohen and Harvey Weinstein of the FDIC. You need to go," said Rep. Blaine Luetkemeyer (R-Missouri). (Gruenberg himself has not been accused of any sexual misconduct.)

Some of the Democrats on the Committee also expressed displeasure with Mr. Gruenberg's leadership at FDIC, although they didn't go as far as the Republican members.

Democrats on the committee expressed disappointment in Gruenberg, but stopped short of echoing Republican calls for his resignation. 

• "I would love to talk about some of the substance of the economy, but as I sit here right now, if I'm going to be honest, I'm pissed," said Rep. Gregory Meeks (D-NY).
• Meeks asked if Gruenberg believed current leadership at the bank could restore trust and credibility there. Gruenberg said he did.

It's hard to see how Mr. Gruenberg could restore "trust and credibility" after all that has transpired.

See Related: FDIC Once More in the Spotlight: Another Investigation Opens Into Leadership Misconduct 

FDIC Scandal Nearing a Conclusion - Is a Hard Rain About to Fall?

An interesting thought exercise: If this were the chairman of a major corporation, as opposed to a quasi-government entity, it is a certainty that the committee's Democrats would be calling for Mr. Gruenberg's removal. Interestingly - but not surprisingly - one of his most vocal supporters on the Committee was the predictably far-left Maxin Waters (D-CA.)

This hearing surely won't be the last of this issue. RedState will continue to monitor this investigation into the scandals at FDIC and will update you as events warrant.

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