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Manchin and Tester Votes in Doubt: Biden’s Ability to Win Confirmation of His Controversial Nominee, Omarova, Just Got a Lot Harder

Courtesy of Pam Martens

Saule Omarova

Saule Omarova

President Joe Biden is finding out the hard way that nominees for high office actually need to be vetted by multiple competent people. That clearly did not happen with Biden’s nominee, Saule Omarova, to head the Office of the Comptroller of the Currency (OCC), a federal agency that supervises national banks – those operating across state lines.

Omarova’s radical statements and position papers will likely come into sharp focus at her confirmation hearing at 9:30 a.m. this Thursday before the Senate Banking Committee.

Omarova’s unhinged views have Biden supporters scratching their heads as to how she ever survived the vetting process at the White House. (See Biden’s Nominee Omarova Has a Published Plan to Move All Bank Deposits to the Fed and Let the New York Fed Short Stocks.)

Omarova, a Cornell University law professor, essentially has no filter for what rolls off her tongue. Thus, this Thursday’s confirmation hearing is certain to provide more fodder for Biden’s political enemies. Omarova appeared in a 2019 Canadian feature documentary and called the financial services industry in the United States the “quintessential a**hole industry.” The mega banks on Wall Street, such as JPMorgan Chase and Citigroup’s Citibank, are among the national banks that Omarova would oversee as head of the OCC.

Over the past week, the right-wing Murdoch news outlets like Fox News and the New York Post have had a field day over comments Omarova made this past February in a video talk for the Jain Family Institute’s “Social Wealth Seminar.” Omarova said that troubled industries such as coal, oil and gas are going to see “a lot of the smaller players go bankrupt,” adding that “at least we want them to go bankrupt if we want to tackle climate change.” A video clip of those comments, posted by the right-wing American Accountability Foundation on Twitter, had received 1.6 million views as of this morning.



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