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Video has emerged of President Joe Biden's nominee to lead the Office of the Comptroller of the Currency, Saule Omarova, saying she wants oil and gas companies to go 'bankrupt.' 'We want them to go bankrupt if we want to tackle climate change, right?' the Soviet-born Omarova said in a clip that was shared online by the conservative-leaning American Accountability Foundation. She made the comments in February when appearing at the Jain Family Institute's Social Wealth Seminar, where she was making the case for a National Investment Authority, which would pull resources from the Treasury Department and the Federal Reserve...

There’s lots of evidence that the Biden team knew that Saule Omarova was unconfirmable, so it’s worth working through why they nominated her. The Comptroller of the Currency is not another one of those do-nothing Washington jobs. The person filling this critical role controls all federally-licensed banks, credit unions, and foreign banks operating in the United States and similar institutions. Normally, you would think receiving your postgraduate education at the University of Moscow (in the USSR) and writing your doctoral dissertation on the advantages of Marxism over free economy capitalism might be a disqualifier for this all-powerful position. But not...

The undying shame of this pathological loathing for fossil fuels is that America is sitting on a superabundance of it. Energy secretary Jennifer Granholm, the laughing face of Joe Biden's not-so-funny energy policy, told CNN's Dana Bash on Sunday that Americans' home-heating costs are going up this winter. Interviewed on Bloomberg Radio a few days earlier, a question implying that she, the secretary of energy, might possibly have some ideas about fixing soaring gas prices had Granholm in stitches. "Would that I had the magic wand on this," she said, once she finished laughing. You see, Dana, oil is controlled...

Back in October, people began to be aware that there was something very wrong about Saule Omarova, Biden's nominee to head the Office of the Comptroller of the Currency, a subdivision of the Treasury Department that oversees about 1,200 banks, with assets totaling around $14 trillion. It's a position one associates with capital and capitalism, but Omarova, a graduate of Moscow State University in the former Soviet Union, is a Marxist to her core. Now a recently unearthed video shows that she dreams of bankrupting the fossil fuel sector in service to the climate change ideology.Omarova has praised the old...

Joe Biden’s pick for Comptroller of the Currency, Saule Omarova, was born and raised in communist USSR. She refuses to hand over her university thesis on Marxism she wrote when she was in school in the USSR.

President Joe Biden’s nominee for a key Treasury Department role admitted that oil, natural gas and coal firms need to go bankrupt to prevent climate change, a resurfaced video showed. “Here what I’m thinking about is primarily the coal and oil and gas industry. A lot of the smaller players in that industry are going to probably go bankrupt in short order, at least we want them to go bankrupt if we want to tackle climate change,” Saule Omarova — who the Senate is considering to lead the Office of the Comptroller of the Currency — remarked in a clip...

Omarova also said at the May round table she wants to “starve” companies of money used to invest in the oil and gas industry to combat climate change. She argued for the National Investment Authority to direct money away from the oil and gas industry and towards “clean and green” infrastructure programs. “The way we basically get rid of those carbon financiers is we starve them of their sources of capital,” Omarova said. Omarova was quoted in a 2019 Canadian documentary where she called the financial services sector an “asshole industry.” “The financial services industry, in my view, and I...

President Biden's nominee to be comptroller of the currency, Saule Omarova, said at a roundtable discussion earlier this year that Sen. Joe Manchin is "supposed to be on the Democratic side" as she lamented Congress' reluctance to enact big spending programs.

For years, progressives mocked anyone who warned that the Democratic Party's move leftward would produce government officials who might push actual socialist policies once in office. I'll admit that for a variety of reasons I never found this extreme version of the slippery-slope argument convincing. Yes, both sides have embraced big government policies, and the recent "America First" approach embraced by Republicans in recent years should alarm us. Still, with the Biden administration's nomination of Cornell University Law School professor Saule Omarova to become Comptroller of the Currency, I wonder if I was too fast to dismiss the possibility. Consider...

While running for president, Joe Biden campaigned as a lunch-pail-carrying, blue-collar moderate from Scranton, Pa. But during his short tenure in the White House, Biden has proven himself to be a far-left champion of bureaucracy, reckless government spending and the centralization of economic and political power. The most recent example is Biden’s nomination of Cornell law professor Saule Omarova to head the Office of the Comptroller of the Currency, a branch of the Treasury Department. Omarova is a controversial choice. Born in the former Soviet Republic of Kazakhstan, Omarova was educated in the Soviet Union, graduating from Moscow State University...

President Biden’s nominee for a key Treasury Department post believes that the free market does not always “know best.” Saule Omarova — the Beth and Marc Goldberg Professor of Law at Cornell University and a 1989 graduate of Moscow State University — was tapped to serve as Comptroller of the Currency, which “charters, regulates, and supervises all national banks.” The Kazakh-American, however, has nodded toward the Soviet economic system’s purported gender equality. “Until I came to the US, I couldn’t imagine that things like gender pay gap still existed in today’s world. Say what you will about old USSR, there...

Presidentish Joe Biden wants to put an actual Communist — self-proclaimed “radical” Cornell University law school professor Saule Omarova — in charge of the nation’s banking system. Omarova graduated from the Soviet Union’s Moscow State University in 1989 on the Lenin Personal Academic Scholarship, according to the Wall Street Journal. As recently as 2019, she was still praising the USSR’s economic system as in some ways superior to our own. “Say what you will about old USSR, there was no gender pay gap there. Market doesn’t always ‘know best.'” As a matter of fact, I will say what I will...

Saule Omarova attended Moscow State University on a Lenin scholarship President Joe Biden’s pick for the nation’s top banking regulator, who received a scholarship named for Vladimir Lenin, scrubbed her résumé of a reference to a thesis she wrote on Karl Marx while a student at Moscow State University. Saule Omarova, who Biden tapped to head the Office of the Comptroller of the Currency, listed a paper titled "Karl Marx’s Economic Analysis and the Theory of Revolution in The Capital" on her résumé as recently as 2017. But the paper was not disclosed on the version of the résumé reported...

Treasury Secretary Janet Yellen defended on Tuesday the new requirement that all purchases above $600 be reported to the IRS Said it will help fill the $7 trillion tax gap 'from places where the information on income is opaque and can be hidden' Also said Biden's controversial pick to lead the agency responsible for regulating America's banks deserves a 'fair hearing' 'Professor [Saule] Omarova is the President's nominee... And I think she deserves a fair hearing by the Senate. I hope she will get that' Omarova is a Cornell Law School professor who graduated from college in Moscow, where she...

resident Biden’s pick to lead a powerful bank regulator is certain to spark a partisan battle in the Senate. Biden announced Thursday he will nominate Cornell University law professor Saule Omarova to lead the Office of the Comptroller of the Currency (OCC), tapping a fierce critic of big banks for a post with broad power over the industry. Omarova has argued that major banks have failed to serve broader public needs and that the Federal Reserve should replace private firms in consumer banking. In a paper published last year, she proposed “a series of structural reforms that would radically redefine...

Biden’s banking watchdog pick Saule Omarova must turn over her thesis on Karl Marx SOURCE — FOX BUSINESS Senator Pat Toomey wants to read Cornell University professor Saula Omarova’s thesis on Karl Marx, since Omarova became President Biden’s pick to lead the office of Comptroller of the Currency. But the document has been scrubbed from her resume. Now, after weeks after Omarova was first nominated to the post, Toomey, R-Pa., is again asking for the thesis written during her time at Moscow State University in the 1980s. Toomey, the ranking member on the Senate Banking Committee, sent a letter to...

Saule Omarova attended Moscow State University on a Lenin scholarship. President Joe Biden’s pick for the nation’s top banking regulator, who received a scholarship named for Vladimir Lenin, scrubbed her résumé of a reference to a thesis she wrote on Karl Marx while a student at Moscow State University. Saule Omarova, who Biden tapped to head the Office of the Comptroller of the Currency, listed a paper titled "Karl Marx’s Economic Analysis and the Theory of Revolution in The Capital" on her résumé as recently as 2017. But the paper was not disclosed on the version of the résumé reported...

Washington, D.C. – U.S. Senate Banking Committee Ranking Member Pat Toomey (R-Pa.) is asking Ms. Saule Omarova, President Biden’s nominee to head the Office of the Comptroller of the Currency (OCC), to turn over a copy of her thesis, “Karl Marx’s Economic Analysis and the Theory of Revolution in The Capital,” to allow the Committee to fully assess her nomination. Ms. Omarova’s thesis, which she authored while studying at Moscow State University on the V.I. Lenin Personal Academic Scholarship, recently disappeared from her resume. “While it appears that you have deleted any reference to your thesis in the version of...

President Joe Biden’s decision to nominate Cornell law professor Saule Omarova to regulate the nation’s banks is triggering intense anxiety among the lenders and their Washington lobbyists and threatens to set off a bruising battle in Congress. The nomination of Saule Omarova as comptroller of the currency by President Joe Biden has set off alarm bells in the financial services industry. Omarova is more than just a finance industry critic — she has proposed essentially ending the banking industry as we know it by letting the Federal Reserve take on the deposit accounts of all Americans. News of her nomination...

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.' It would diminish the stature...