Senator Vance Rebukes FDIC Chair Gruenberg

Senator Vance Rebukes FDIC Chair Gruenberg Over Potentially Illegal Mishandling Of First Republic Bank Sale To JPMorgan Chase, Refusal To Cooperate In Congressional Oversight

"You then allowed the concentration in the financial sector by allowing JPMorgan to purchase First Republic based on a wildly off-base estimate of some of the losses that existed in First Republic, and when our offices actually try to get information to better understand this, very often we've been steamrolled. If that doesn't suggest a problem in the culture at the FDIC, I don't know what does."

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JD Vance is a United States Senator for the great state of Ohio. He was elected to the U.S.Senate in 2022 and sworn into office on January 3rd, 2023.

JD was born and raised in Middletown, Ohio, a once flourishing American manufacturing town where Ohioans could live content, middle-class lives on single incomes. Over time, many of those good jobs disappeared, and JD’s family suffered the effects along with many others.

Turbulence was common at home and at school. His grandmother, called Mamaw, was his saving grace. Her tough love and discipline kept him on the straight and narrow. A “blue dog” Democrat, she owned 19 handguns and nurtured a deep Christian faith in herself and her family. She died in 2005, shortly after JD enlisted in the United States Marine Corps.

JD went on to serve our nation in the Iraq War, then graduated from The Ohio State University and Yale Law School. He wrote a bestselling book, Hillbilly Elegy, which was turned into a Netflix movie. He also started a business dedicated to growing jobs and opportunity in the American heartland.

JD believes Ohioans deserve better. And he aims to fight for it in the U.S. Senate.