Banking industry sounds alarm about Soviet-educated comptroller pick with Marxist ties Saule Omarova, the Biden nominee for comptroller of the currency, wants to federalize private bank accounts, scrap the FDIC, and bankrupt oil and gas companies. Omarova is the product of an academic background unusual in a nominee for high executive office in the U.S. government: As a native Kazakh citizen of the USSR, she attended Moscow State University on a Lenin Scholarship before the fall of the Soviet Union. In 2019, the Moscow-educated nominee contrasted market economics unfavorably with the USSR's command economy on Twitter. Earlier this year Omarova was caught on video rooting for the bankruptcy of companies in the oil and gas industries. Calling oil and gas "troubled industries," she forecast the failure of "a lot of the small players" in the sector. "At least, we want them to go bankrupt if we want to tackle climate change, right?" she said.
POLITICO But in an evenly divided Senate, the real threat to her nomination could come from moderate Democrats like Sens. Jon Tester of Montana and Mark Warner of Virginia, who took issue with her opposition to a 2018 law they spearheaded that rolled back regulations on some banks, largely small and regional lenders. The Biden administration has privately told people that at least seven Democratic senators have reservations about her nomination, POLITICO reported, including Tester and Warner, as well as Sens. Kyrsten Sinema of Arizona and Raphael Warnock of Georgia, who both sit on the Banking Committee, which will vote whether to send her nomination to the full Senate.
haha, your mistake is thinking I'm anything but an original. Who do you think showed GWB the error of his ways?
Scoop: Centrist Dems sink Biden’s nominee for top bank regulator Five Democratic senators have told the White House they won't support Saule Omarova to head the Office of the Comptroller of the Currency, effectively killing her nomination for the powerful bank-regulator position. Why it matters: The defiant opposition from a broad coalition of senators reflects the real policy concerns they had with Omarova, a Cornell University law professor who's attracted controversy for her academic writings about hemming in big banks.