STOCK MARKET WATCH -- Monday, 26 November 2012

[Demeter]

33. Senate confirms Gruenberg and Hoenig as FDIC leaders

http://www.washingtonpost.com/business/economy/senate-confirms-gruenberg-and-hoenig-as-fdic-leaders/2012/11/15/af97c028-2f85-11e2-ac4a-33b8b41fb531_story.html

The U.S. Senate on Thursday confirmed Martin J. Gruenberg as chairman and Thomas Hoenig as vice chair of the Federal Deposit Insurance Corp.

The banking agency has been without an official leader since Sheila Bair stepped down as chair in July 2011. Congressional bickering over President Obama’s nominations at other agencies, including Richard Cordray to head the Consumer Financial Protection Bureau, stalled a number of confirmations.

NICE! FDIC ON AUTOPILOT FOR OVER A YEAR...

Gruenberg and Hoenig were confirmed to six-year terms on the FDIC’s board of directors in March, but the Senate refrained from finalizing their leadership roles.

Gruenberg and Hoenig were widely expected to sail through the confirmations process once the presidential election was over. Gruenberg has served as acting chair since Bair’s departure, while Hoenig was selected by Republicans to be second in command.

However, Senate Republican leaders held out on bringing the confirmation to a vote on the chance that Mitt Romney won the presidential election and wanted to select his own nominees...

SO THE ROMNEY INEVITABILITY DELUSION PERMEATED THE GOP...