Welcome, Comrade! Biden's Soviet-Born Nominee for Comptroller of the Currency thinks Fed should 'end banking', admires USSR's economy because there was 'no gender pay gap' and says hedge funds are an 'a**hole industry'
- Saule Omarova is a Cornell Law School professor who graduated from college in Moscow, where she attended on a scholarship named after Vladimir Lenin
- She wrote a paper advocating for the Federal Reserve to take over Americans' personal banking in order to have more policy clout against big banks
- The agency she would oversee is tasked with regulating the country's banks
- A regulatory body Omarova proposed is included in a House bill introduced by progressive Rep. Maxine Waters aimed at expanding affordable housing
A Cornell University law professor who advocated ending banking 'as we know it' and praised the Soviet Union's financial system over its lack of a gender pay gap has been tapped by the
White House to lead the Office of the Comptroller of the Currency (OCC).
Saule Omarova's nomination to head the regulatory agency overseeing the country's largest banks is a controversial choice that's alarmed banking groups.
She's advocated for moving Americans' financial accounts from private banks to the
Federal Reserve and for forcing banks to lose leverage on federal subsidies by becoming 'non-depository lenders.'
Cornell University Law Professor Saule Omarova has been tapped to lead the agency responsible for regulating big banks
Biden pick to oversee banks thinks Fed should 'end banking' and calls Wall St an 'a**hole industry' | Daily Mail Online