Biden’s far left currency nominee has already gone on the record saying she thinks the energy industry should be bankrupted for the sake of fighting climate change.
Now we are learning she has some crazy ideas about banking too.
She apparently wants all bank accounts to be controlled by the Fed.
Biden’s Communist Treasury Nominee Wants All Bank Accounts to be Controlled by the Fed
In September President Joe Biden nominated Saule Omarova to become comptroller of the currency at the Department of Treasury. If confirmed, Omarova would be in charge of overseeing banking in the United States.
Omarova believes private bank accounts should be taken over and controlled by the Federal Reserve.
“Imagine what it would be like instead of just a public option for deposit banking, this would be actually the full transition. In other words, there would be no more private bank deposit accounts and all of the deposit accounts will be held directly at the fed,” Omarova said during recent remarks. “How is it politically feasible for the central bank to take money away from people’s accounts.”
See the video below:
Proposal by Biden’s Treasury nominee Saule Omarova:
"There will be no more private bank deposit accounts and all of the deposit accounts will be held directly at the fed" pic.twitter.com/ojQviX74Bz
— Jewish Deplorable (@TrumpJew2) November 12, 2021
She is facing bipartisan opposition.
More Democrats cool on Biden pick
At least three Senate Democrats have raised concerns with the White House over the nomination of Saule Omarova to serve as comptroller of the currency, people familiar with the matter tell Axios.
Why it matters: With all 50 Republicans expected to oppose her nomination, President Biden is on notice her candidacy is in jeopardy. This comes as he’s also weighing whether to replace Federal Reserve Chair Jerome Powell with Fed governor Lael Brainard — its own decision fraught with political risks.
Some progressives, like Sen. Elizabeth Warren (D-Mass.), oppose Powell.
They’ve signaled that installing a strong regulator at the Office of the Comptroller of the Currency is a top priority for them.
Omarova is a radical. She should not be confirmed.