Senate Hearing for Biden's F.D.I.C. Nominee Proceeds Smoothly with Minimal Opposition

Money | July 11, 2024, 2:33 p.m.

During her Senate confirmation hearing, Christy Goldsmith Romero showcased her expertise and poise as President Biden's nominee for the Federal Deposit Insurance Corporation. With a confident demeanor and articulate responses, she navigated questions regarding her potential oversight of smaller banks and management of the fund protecting bank depositors' cash. Despite recent turmoil within the agency due to reports of sexual harassment, Ms. Goldsmith Romero received praise from both Democratic and Republican senators, indicating strong bipartisan support for her confirmation. As a seasoned lawyer with a background in investigating banking fraud post-financial crisis, she has consistently taken on powerful interests to ensure transparency and accountability within the industry. If confirmed, Ms. Goldsmith Romero's leadership promises to bring much-needed reform and integrity to the FDIC.