SOURCE: THE WASHINGTON EXAMINER

by Sarah Westwood, Investigative Reporter 
November 14, 2021

Opposition to President Joe Biden’s pick for a key banking regulatory post is mounting thanks to scrutiny of her past writings and statements on her radical view of economics.

The nomination of Saule Omarova to become comptroller of the currency drew even more focus this week when a clip of controversial comments she made in February at a virtual event made the rounds on social media, in which she said of oil, coal and gas companies, “We want them to go bankrupt if we want to tackle climate change.”02:07/02:07

But Omarova’s nomination has raised concerns among Republicans, industry executives, and even some Democrats for weeks.

The comptroller of the currency is a regulatory position that oversees national banks and is housed with the Treasury Department. Biden selected Omarova, a Cornell Law School professor, for the position in September.

Her nomination appears to be in serious peril amid the attention on her left-wing economic views.

Montana Sen. Jon Tester said Tuesday that he has “real concerns” about some of Omarova’s past comments and whether her views would preclude her from performing the high-profile job “impartially.”

Centrist Sens. Joe Manchin and Kyrsten Sinema have also reportedly raised their own concerns about Omarova’s nomination to the White House privately.

All Republican senators are expected to vote against her confirmation — leaving her nomination in true peril, as Democrats can’t lose a single vote if they hope for her to serve as comptroller of the currency.

One point of contention, among the many objections Republicans have raised to Omarova’s nomination, is her college thesis, which she has so far declined to turn over to lawmakers.

Omarova wrote the thesis as part of her dissertation while attending Moscow State University, which she attended on the V.I. Lenin Personal Academic Scholarship.

Its title was “Karl Marx’s Economic Analysis and the Theory of Revolution in The Capital.” Marx wrote Das Capital in 1867 to lay out how his theories about class struggles played out in economics, including his idea about how the “exploitation of labor” is central to a capitalist structure, to which he was opposed.

Republican Sen. Pat Toomey, ranking member on the Senate Banking Committee, demanded Omarova release a copy of her thesis as part of the vetting process nominees undergo in Senate committees, which typically requests that nominees hand over copies of their previous writings and speeches.

“I don’t think I’ve ever seen a more radical choice for any regulatory spot in our federal government,” Toomey said on the Senate floor in early October.

But Moscow University has reportedly said it no longer has a copy of the thesis in its records due to its policy of destroying dissertations after five years.

A paper Omarova wrote last year has also drawn scrutiny for ideas about overhauling the nation’s banking system and transforming the Federal Reserve into a much more powerful entity with strong control over the financial system in place of private banks.

Omarova outlined “a series of structural reforms that would radically redefine the role of a central bank as the ultimate public platform.”

Her paper , titled “The People’s Ledger: How to Democratize Money and Finance the Economy,” has fueled arguments from the right and from the banking industry that she is too radical to be trusted with a key regulatory position.

Trade groups representing banks quickly lined up against her nomination.

The American Banking Association CEO Rob Nichols accused Omarova of wanting to “effectively nationalize America’s community banks” and undermine the role that local banks play in communities.

Omarova took a dig at Manchin in May for insufficient support of Democratic priorities, such as Biden’s sprawling infrastructure and spending packages.

At a virtual roundtable event for the Jain Family Institute in May, Omarova joked that the West Virginia centrist is “supposed to be on the Democratic side, and yet feel[s] very uncomfortable with big spending ideas.”

But her nomination has drawn praise from the far Left, who have wanted Biden to take a more progressive stance on economic policy than he has so far.

Sen. Elizabeth Warren praised Biden’s selection of Omarova in September, saying the Cornell University professor was “an excellent choice to oversee and regulate the activities of our nation’s largest banks.”

186 thoughts on “Who is Saule Omarova, Biden’s Pick for a Key Banking Post?”
  1. My coder is trying to convince me to move to .net from PHP.
    I have always disliked the idea because of
    the costs. But he’s tryiong none the less. I’ve been using Movable-type on a variety of websites
    for about a year and am concerned about switching to another platform.
    I have heard excellent things about blogengine.net. Is
    there a way I can transfer all my wordpress content
    into it? Any kind of help would be really appreciated!

  2. This is really fascinating, You’re a very skilled blogger.
    I have joined your rss feed and sit up for looking for more of your excellent post.
    Additionally, I have shared your website in my social networks

  3. hello!,I love your writing very much! share we be in contact more about your post on AOL?
    I require an expert in this space to solve
    my problem. Maybe that’s you! Taking a look forward to look you.

  4. Hey would you mind letting me know which web host you’re
    working with? I’ve loaded your blog in 3 completely different internet browsers and I must say this blog loads a lot faster then most.
    Can you recommend a good web hosting provider at a reasonable price?
    Kudos, I appreciate it!

  5. Right now it appears like BlogEngine is the preferred blogging platform out there right now.
    (from what I’ve read) Is that what you’re using on your blog?

  6. Appreciating the persistence you put into your website and in depth information you provide.

    It’s great to come across a blog every once in a while that
    isn’t the same outdated rehashed information. Fantastic read!
    I’ve bookmarked your site and I’m including your RSS feeds to my Google
    account.

  7. you’re in reality a good webmaster. The web site loading pace is incredible.
    It kind of feels that you are doing any unique trick. Moreover, The contents
    are masterpiece. you’ve performed a magnificent activity in this
    matter!

  8. I blog often and I genuinely appreciate your content. The article has truly peaked
    my interest. I am going to take a note of your site and keep checking for
    new information about once per week. I subscribed to your RSS feed as well.

  9. Undeniably imagine that that you said. Your favorite reason appeared to be at
    the internet the easiest factor to be mindful of.

    I say to you, I definitely get irked at the same time as folks think about issues that they just do not recognise about.
    You managed to hit the nail upon the highest
    and defined out the entire thing without having side-effects
    , other people can take a signal. Will likely be again to
    get more. Thank you

  10. Hello I am so thrilled I found your site, I really found you by
    accident, while I was looking on Digg for something
    else, Nonetheless I am here now and would just like to say thank you for a tremendous post and a all round
    exciting blog (I also love the theme/design), I don’t have time
    to read through it all at the minute but I have saved it and also added in your RSS feeds, so
    when I have time I will be back to read a great deal more, Please do keep up the awesome jo.

  11. First off I would like to say awesome blog! I had a
    quick question in which I’d like to ask if you do not mind.
    I was curious to find out how you center yourself and clear your head before writing.
    I have had trouble clearing my thoughts in getting my thoughts out.
    I truly do take pleasure in writing but it just seems like the first
    10 to 15 minutes are generally lost just trying to figure out how to begin. Any suggestions or hints?
    Many thanks!

  12. I feel this is among the such a lot vital information for me.
    And i am satisfied reading your article. However want to remark on some basic issues, The web site taste
    is perfect, the articles is in reality great : D. Excellent process,
    cheers

  13. Great blog here! Also your site lots up very fast! What host are you
    using? Can I am getting your affiliate link on your host?
    I wish my web site loaded up as fast as yours lol

  14. I’ve been surfing online more than three hours today, but I never found any attention-grabbing article
    like yours. It’s lovely price enough for me. Personally, if all
    webmasters and bloggers made just right content as you did, the internet will be a
    lot more useful than ever before.

  15. Hi there! Quick question that’s totally off topic.
    Do you know how to make your site mobile friendly? My web site looks weird when viewing from my
    iphone 4. I’m trying to find a theme or plugin that might be able to fix this problem.

    If you have any suggestions, please share. Thank you!

  16. Woah! I’m really enjoying the template/theme of this site.
    It’s simple, yet effective. A lot of times it’s very hard to get that “perfect balance” between user friendliness and visual appeal.

    I must say you’ve done a amazing job with this.
    In addition, the blog loads extremely quick for me on Internet explorer.
    Exceptional Blog!

  17. My brother suggested I might like this website. He
    was entirely right. This post actually made my day. You can not imagine just how much time I
    had spent for this info! Thanks!

  18. Please let me know if you’re looking for a article
    writer for your blog. You have some really good posts
    and I think I would be a good asset. If you ever want to take some of
    the load off, I’d love to write some content for your blog in exchange for
    a link back to mine. Please send me an e-mail if interested.
    Thanks!

  19. What i do not understood is actually how you
    are now not really a lot more well-favored than you may be right now.
    You are very intelligent. You already know thus considerably
    on the subject of this subject, produced me for my part imagine
    it from so many varied angles. Its like men and women are not fascinated unless
    it’s something to accomplish with Woman gaga! Your own stuffs great.
    All the time maintain it up!

  20. I just like the valuable information you provide on your articles.

    I’ll bookmark your blog and check again right here frequently.
    I am relatively sure I’ll be told many new stuff proper here!
    Best of luck for the next!

  21. Link exchange is nothing else but it is just placing the other person’s
    blog link on your page at appropriate place and other person will
    also do similar for you.

  22. Do you mind if I quote a few of your articles as long as I provide credit and sources back to your weblog?
    My blog is in the very same niche as yours and my visitors would certainly benefit
    from a lot of the information you present here. Please let me know if this alright
    with you. Thank you!

  23. you’re in point of fact a just right webmaster. The
    website loading pace is amazing. It sort of feels that you’re doing
    any unique trick. Furthermore, The contents are masterwork.
    you have performed a great activity in this matter!

  24. Hmm is anyone else encountering problems with the images on this blog loading?
    I’m trying to figure out if its a problem on my end or if it’s the blog.

    Any suggestions would be greatly appreciated.

  25. Whats up are using WordPress for your blog platform?
    I’m new to the blog world but I’m trying to get started and set up my own.
    Do you require any coding expertise to make your own blog?

    Any help would be really appreciated!

  26. What i don’t realize is if truth be told how you are no longer actually much more neatly-appreciated than you
    might be right now. You’re very intelligent. You
    recognize thus considerably when it comes to this topic, made me
    in my view imagine it from numerous varied angles.
    Its like women and men don’t seem to be involved unless it is
    one thing to do with Woman gaga! Your own stuffs nice. Always maintain it up!

  27. Hurrah! After all I got a blog from where I be able to genuinely take valuable data concerning my study and knowledge.

  28. Greetings! Quick question that’s entirely off topic.
    Do you know how to make your site mobile friendly? My website
    looks weird when browsing from my iphone4.
    I’m trying to find a theme or plugin that might be able to correct
    this problem. If you have any suggestions, please share.
    Appreciate it!

    Also visit my blog post: idn slot

  29. My programmer is trying to persuade me to move to .net
    from PHP. I have always disliked the idea because of the expenses.
    But he’s tryiong none the less. I’ve been using Movable-type on a variety
    of websites for about a year and am anxious about switching
    to another platform. I have heard very good things about blogengine.net.
    Is there a way I can transfer all my wordpress posts into it?
    Any help would be really appreciated!

  30. you are really a good webmaster. The website loading speed is incredible.
    It kind of feels that you’re doing any distinctive trick.
    In addition, The contents are masterwork. you’ve done a magnificent task
    on this topic!

  31. Have you ever thought about writing an e-book or guest authoring on other blogs?
    I have a blog centered on the same subjects you discuss and would really like to have you share some stories/information. I
    know my visitors would value your work. If you’re even remotely interested, feel free to send me an e-mail.

  32. Hi I am so excited I found your blog page, I really found you by error,
    while I was researching on Digg for something else, Anyhow I am here now and would just like to say kudos for a tremendous
    post and a all round enjoyable blog (I also love
    the theme/design), I don’t have time to look over
    it all at the moment but I have book-marked it
    and also included your RSS feeds, so when I have time I will be back to read a great deal more, Please do keep up the great job.

    my web page; slotpulsa888.xyz

  33. This is very interesting, You’re a very skilled blogger.

    I’ve joined your rss feed and look forward
    to seeking more of your fantastic post. Also, I have shared your web site in my social networks!

  34. I’ve been exploring for a little for any high quality articles or blog posts on this kind of area .
    Exploring in Yahoo I at last stumbled upon this
    web site. Reading this info So i am happy to convey that I’ve a very good uncanny feeling I discovered just what I needed.

    I most certainly will make sure to don?t overlook this website and provides it a glance regularly.

  35. I am not sure where you’re getting your info, but good topic.
    I needs to spend some time learning more or understanding more.

    Thanks for fantastic info I was looking for this info for my mission.

  36. Hi there! Would you mind if I share your blog with
    my zynga group? There’s a lot of folks that I think would really appreciate your
    content. Please let me know. Cheers

  37. Right here is the right website for anybody who
    wishes to understand this topic. You realize so much its almost hard to argue with
    you (not that I personally will need to…HaHa).
    You definitely put a brand new spin on a topic which has been written about for a long time.
    Excellent stuff, just excellent!

  38. Wonderful blog! I found it while surfing around on Yahoo News.
    Do you have any tips on how to get listed in Yahoo News?
    I’ve been trying for a while but I never seem to get there!
    Cheers

  39. Hi! I realize this is somewhat off-topic but I needed to ask.
    Does running a well-established website such as yours require a lot of work?
    I’m brand new to operating a blog however I do write
    in my diary daily. I’d like to start a blog so I will be able to share my
    own experience and thoughts online. Please let me know if
    you have any kind of recommendations or tips for new aspiring bloggers.

    Appreciate it!

  40. Woah! I’m really loving the template/theme of this website.
    It’s simple, yet effective. A lot of times it’s hard to get that “perfect balance” between user friendliness and visual
    appeal. I must say you have done a fantastic job with this.
    Also, the blog loads super quick for me on Opera. Excellent Blog!

  41. Your style is really unique compared to other people I’ve read stuff from.
    Thank you for posting when you’ve got the opportunity, Guess I will just bookmark this page.

  42. Unquestionably consider that which you said. Your favourite justification appeared to be at the net
    the easiest factor to be mindful of. I say to you, I definitely get irked whilst other people consider worries that they just do not
    realize about. You managed to hit the nail upon the top
    as well as outlined out the entire thing with no need side-effects , other folks can take a signal.
    Will probably be back to get more. Thank you

  43. Hi! Do you use Twitter? I’d like to follow you if that would be okay.
    I’m undoubtedly enjoying your blog and look forward to new updates.

  44. Heya! I understand this is somewhat off-topic however I needed to ask.

    Does managing a well-established blog like yours take a lot of work?
    I’m completely new to operating a blog however I do write in my journal on a daily basis.
    I’d like to start a blog so I can share my own experience and feelings online.

    Please let me know if you have any recommendations or tips for brand new aspiring bloggers.
    Thankyou!

  45. What i do not realize is in truth how you’re now not actually much more well-appreciated than you might be now.
    You are so intelligent. You understand thus considerably in the case of this subject, made me individually consider it from so many various angles.
    Its like women and men are not fascinated unless it is one thing to do with Lady gaga!
    Your individual stuffs great. All the time handle it up!

  46. Howdy just wanted to give you a quick heads up and let you know a few
    of the pictures aren’t loading correctly. I’m not sure why but I think its a linking issue.
    I’ve tried it in two different internet browsers and both show the same outcome.

  47. Hey! This is my 1st comment here so I just wanted to give a quick shout
    out and tell you I truly enjoy reading through your blog posts.
    Can you suggest any other blogs/websites/forums that go over the same
    topics? Thanks a ton!

  48. It’s really very complicated in this busy life to listen news on Television, thus I just use web for that reason, and obtain the most up-to-date information.

  49. Hi there are using WordPress for your site platform?
    I’m new to the blog world but I’m trying to get started and set up my own.
    Do you need any coding knowledge to make your own blog?
    Any help would be greatly appreciated!

  50. Hi there, I do think your site might be having web
    browser compatibility issues. When I look at your web site in Safari, it looks fine but when opening in IE, it’s got some overlapping issues.
    I simply wanted to provide you with a quick heads up!
    Other than that, great website!

  51. If some one needs expert view on the topic of blogging afterward i propose him/her to go to
    see this blog, Keep up the pleasant job.

  52. It’s a shame you don’t have a donate button! I’d definitely donate
    to this excellent blog! I guess for now i’ll settle for bookmarking and adding your RSS
    feed to my Google account. I look forward to fresh updates and will talk about this site with
    my Facebook group. Chat soon!

  53. Hello there! Quick question that’s completely off topic.
    Do you know how to make your site mobile friendly? My
    website looks weird when viewing from my apple iphone.
    I’m trying to find a template or plugin that might be able to resolve this issue.
    If you have any recommendations, please share. With thanks!

  54. Hey there I am so thrilled I found your blog page, I really found you by accident, while
    I was browsing on Yahoo for something else, Regardless I am here now and would just like to
    say thanks for a fantastic post and a all round entertaining blog (I also love the theme/design),
    I don’t have time to look over it all at the moment but I
    have book-marked it and also added in your RSS feeds, so
    when I have time I will be back to read much more, Please do keep up
    the great job.

  55. This is really attention-grabbing, You’re a very skilled blogger.

    I have joined your rss feed and stay up for seeking more
    of your excellent post. Additionally, I’ve shared your web site
    in my social networks

  56. It’s a shame you don’t have a donate button! I’d most certainly donate
    to this outstanding blog! I suppose for now i’ll settle for book-marking
    and adding your RSS feed to my Google account.
    I look forward to brand new updates and will talk about this website
    with my Facebook group. Talk soon!

  57. Hey there! This is kind of off topic but I need some guidance
    from an established blog. Is it tough to set up your
    own blog? I’m not very techincal but I can figure things out pretty quick.

    I’m thinking about creating my own but I’m not sure where to start.
    Do you have any ideas or suggestions? With thanks

  58. My spouse and I absolutely love your blog and find a lot of your post’s to be what precisely I’m looking for.

    Do you offer guest writers to write content for you personally?

    I wouldn’t mind creating a post or elaborating on a lot of the subjects you write
    in relation to here. Again, awesome site!

  59. Wow, superb blog layout! How lengthy have you ever been running a blog for?
    you make running a blog glance easy. The total look of your web site is wonderful, as
    smartly as the content!

    Check out my page :: deposit s128

  60. hello there and thank you for your information –
    I have certainly picked up anything new from right here.
    I did however expertise a few technical issues using this web site, as I experienced to reload the web site many times previous to
    I could get it to load properly. I had been wondering if your web host is OK?
    Not that I’m complaining, but sluggish loading instances times will sometimes affect your
    placement in google and can damage your high quality score if advertising and marketing with Adwords.
    Anyway I am adding this RSS to my email and
    could look out for a lot more of your respective fascinating content.
    Ensure that you update this again soon.

  61. excellent post, very informative. I’m wondering why the other experts of this sector do not understand this. You should proceed your writing. I am sure, you’ve a great readers’ base already!

  62. Greetings I am so excited I found your web site, I really found you
    by accident, while I was browsing on Digg for something else, Anyways I am here now and would just like to say thank you
    for a remarkable post and a all round thrilling blog (I also love the theme/design), I don’t have time to go
    through it all at the moment but I have book-marked it and also
    added in your RSS feeds, so when I have time I will be back to read a lot more, Please do keep up
    the great jo.

  63. Wow, that’s what I was seeking for, what a stuff! existing here at this web
    site, thanks admin of this web site.

  64. With havin so much content do you ever run into any problems of plagorism or copyright violation? My
    site has a lot of exclusive content I’ve either authored myself or outsourced but it looks like a lot of it is popping it
    up all over the web without my agreement. Do you know any solutions to help stop content from being stolen? I’d definitely
    appreciate it.

  65. That is a good tip especially to those new to the blogosphere.

    Short but very precise information… Thanks for sharing this one.
    A must read post!

  66. obviously like your web site but you need to test the spelling on quite a few of your
    posts. A number of them are rife with spelling issues and I to find it very troublesome to
    tell the reality on the other hand I will certainly come back again.

  67. With havin so much content and articles do you ever run into any problems of plagorism or copyright infringement?
    My website has a lot of completely unique content I’ve either created myself or outsourced but it appears a
    lot of it is popping it up all over the web without my permission. Do you
    know any solutions to help protect against content from being ripped off?
    I’d certainly appreciate it.

  68. Have you ever considered about including a little bit more than just
    your articles? I mean, what you say is fundamental and everything.
    However think about if you added some great pictures or video clips to give your posts more, “pop”!
    Your content is excellent but with images and video clips, this site could certainly be one of the very best in its field.
    Awesome blog!

  69. Hey there this is kind of of off topic but I was wanting to know if blogs use WYSIWYG editors or if you have
    to manually code with HTML. I’m starting a blog soon but have no coding experience so I
    wanted to get guidance from someone with experience.
    Any help would be enormously appreciated!

  70. Pretty nice post. I just stumbled upon your blog and wished to say that I’ve
    really enjoyed surfing around your blog posts. After all I will be
    subscribing to your rss feed and I hope you write again soon!

  71. Heya i’m for the first time here. I came across this board and I find It truly useful & it helped
    me out much. I hope to give something back and
    help others like you helped me.

  72. Oh my goodness! Impressive article dude! Thank you, However I am encountering issues with
    your RSS. I don’t understand why I am unable to subscribe
    to it. Is there anybody getting identical RSS problems?
    Anyone who knows the solution will you kindly respond?
    Thanks!!

  73. I’ve been surfing online more than 3 hours today, but I never found any attention-grabbing article
    like yours. It is pretty price enough for me.
    In my view, if all website owners and bloggers made excellent content material as you probably did,
    the net can be much more useful than ever before.

  74. Just desire to say your article is as astounding. The
    clearness in your post is simply spectacular and i can assume you’re an expert on this
    subject. Fine with your permission let me to grab your feed to keep up to date with forthcoming post.
    Thanks a million and please carry on the gratifying work.

  75. Howdy are using WordPress for your site platform?

    I’m new to the blog world but I’m trying to get started and set
    up my own. Do you require any html coding expertise to make your own blog?

    Any help would be really appreciated!

    Here is my blog post – kabarutama.net

  76. Admiring the time and energy you put into your website and
    detailed information you offer. It’s nice to
    come across a blog every once in a while that isn’t the same
    out of date rehashed material. Wonderful read! I’ve saved your site and I’m adding your RSS feeds to my Google account.

    my site; idn slot deposit pulsa

  77. Hello! I just wanted to ask if you ever have any issues with hackers?
    My last blog (wordpress) was hacked and I ended up losing several weeks of hard work due to no data backup.
    Do you have any solutions to protect against hackers?

    Feel free to surf to my blog; https://judiayam.us

Comments are closed.