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: In a recent paper “The People’s Ledger,” she proposed that the Federal Reserve take over consumer bank deposits, “effectively ‘end banking,’ as we know it,” and become “the […]
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