FDIC Chairmanship
It was rumored that Taylor would be nominated by George W. Bush as the Chairwoman and Chief Executive Officer of the Federal Deposit Insurance Corporation (FDIC), but Taylor was never offered the job. Reports said that Taylor had undergone a background check by the Federal Bureau of Investigation (FBI) and had finished the White House paperwork for the position. The reports also said that Bush aides were informing U.S. Senate leaders about the nomination and that it would be announced in a few days.
As Mayor Bloomberg unveiled a second-term agenda to cut down on gun violence and the flow of illegal guns into the city, more rumors came about suggesting pressure from the National Rifle Association caused President Bush not to nominate Taylor. Following the withdrawal of her nomination, Bloomberg cancelled a scheduled appearance at a White House dinner, which would feature the Dance Theatre of Harlem. He instead attended a community meeting in the Bronx.
Taylor's only public comments on the FDIC affair were made at the January meeting of the New York State Banking Board and in an interview with the New York Times.
Read more about this topic: Diana Taylor (superintendent)