Biden nominee Saule Omarova calls financial services “quintessential industry”
President Joe Biden’s candidate for the Treasury Department’s Comptroller of Currency has already used a strong epithet to refer to those in the financial services industry, raising questions about her objectivity if confirmed for the job.
“The financial services industry, in my opinion, and I don’t think I’m alone here, is the epitome of the ****** industry,” the University law professor can be seen Cornell, Willow Omarova, say in a video circulating on social media.
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“Federal regulators must be fair and impartial, but Joe Biden’s banking regulator Saule Omarova has called the financial services industry the ‘quintessential industry’,” the American Accountability Foundation said. . job on Twitter. “How could anyone expect to be treated fairly by their office?”
Omarova’s comment is the latest controversial move by candidate Biden, who has already received opposition from at least one Democratic senator in the heavily divided Senate.
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Senator Jon Tester, a member of the banking committee that will review the candidate, has already noted that he has “concerns” about Omarova, who has been strongly rebuffed for his position that the Federal Reserve should provide bank accounts to Americans instead of private institutions, which she said said will end the bank as we know it.
In addition, Omarova drew meticulous examination on her past comments and studies, as she refuses to submit her thesis on Marxism while a student at Moscow State University.
Omarova was born in the Soviet Union in what is now the nation of Kazakhstan and graduated from Moscow State University in 1989. She favorably highlighted the practices of the USSR as recently as 2019, when she tweeted about the gender pay gap, citing the USSR as a better role model.
U.S. Senate Banking Committee Ranking Member Pat Toomey, R-Pa., last week asked Omarova to submit a copy of his thesis – in original English and Russian – for examination by the committee no later than October 13. His thesis, entitled “Karl Marx’s economic analysis and the theory of revolution in The capital,” remains a topic of interest for some committee members.
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“Although it appears that you removed any reference to your dissertation from the version of your curriculum vitae (CV) currently available on the Cornell Law School website, the article only appeared on your CV until April 2017 “, Toomey wrote October 6.
Omarova did not comply with the request on Tuesday, Fox News confirmed.
Ms. Omarova has time to attack Republicans in an interview with the Financial Times, but she doesn’t bother to comply with a banking committee requirement that candidates, regardless of their political party or ideology, submit copies of their writings, “said Amanda Gonzalez Thompson, Republicans spokesperson on the Senate Banking Committee. “We certainly hope that she will reconsider her decision so that senators have the information necessary to fulfill their constitutional obligation to advise and consent on appointments.”
Omarova did not immediately respond to a request for comment from Fox News.
Fox News’ Peter Aitken contributed to this report