Biden Nominee Hopes to 'End Banking as We Know It'
Posted on AllSides October 2nd, 2021
From The Right
Source: AP Photo/Evan Vucci
Another one of President Joe Biden’s cabinet nominees is being exposed as radical. Saule Omarova, Biden’s choice to lead the Office of the Controller of the Currency (OCC), is a progressive pick who seeks to ramp up the federal government’s control of banks.
Omarova recently argued for a Federal Reserve takeover of consumer bank depositing, which would change banking “as we know it,” via The Wall Street Journal:
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