`Memories are Short.' Gruenberg Defends Tough Regulatory Stance

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Martin Gruenberg was never known for loose lips or fiery public stands, and his farewell remarks today fit the mold. The outgoing FDIC chief, whose long government career will end when he steps down Sunday, even made a bit of an apology to the audience before delivering his careful and plodding dissertation.

“I would not describe this speech as a light l…