Biden Withdraws Bank Regulator Pick After Congressional Pushback

Posted on AllSides December 7th, 2021
From The Right

President Joe Biden’s pick for a top banking regulation position was withdrawn on Tuesday after strong pushback from Senate Republicans and several Democrats.

Saule Omarova, a professor at Cornell Law School, drew criticism for her proposals to dramatically centralize banking and her thesis on Karl Marx, widely seen as the founder of communism.

Biden said in a statement that Omarova asked him to withdraw her nomination to be comptroller of the currency and he agreed to do so.

“As a strong advocate for consumers and a staunch defender of the safety and soundness of our...

Read full story
Some content from this outlet may be limited or behind a paywall.
https://www.theepochtimes.com/biden-withdraws-bank-regulator-pick-after-congressional-pushback_4144165.html

More News about Banking and Finance from the Left, Center and Right

From the Left

From the Center

From the Right