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.
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.
