2 hours, 18 minutes
The House Financial Services Committee held a hearing on a report detailing a toxic workplace culture at the Federal Deposit Insurance Corporation. Two of the report's authors, attorneys Joon Kim and Abena Mainoo, testified about what they uncovered in their investigation, saying the FDIC failed to provide a workplace safe from "sexual harassment, discrimination, and other interpersonal misconduct," going back to the 1980s. They pointed to several reasons for this, such as a "patriarchal, hierarchic, and insular culture" and other factors. They also recommended "real cultural and structural change," including the appointment of an independent third-party to monitor change at the FDIC. At the time of this hearing, FDIC Chair Martin Gruenberg already announced he would resign, and Christy Goldsmith Romero was reported as a possible replacement. FDIC board members Michael Hsu and Jonathan McKernan, who appointed the law firm that oversaw the investigation, also gave testimony.