Biden Banking Nominee Faces Opposition Over Marxism Thesis

Contact Your Elected Officials
The Epoch Times Logo

President Joe Biden’s nominee for comptroller is facing opposition because of works she’s penned, including a thesis on Marxism.

Biden announced last month he was choosing Saule Omarova for the post of currency comptroller at the Treasury Department.

The White House described Omarova as “one of the country’s leading academic experts on issues related to regulation of systemic risk and structural trends in financial markets.”

But the Cornell University law professor is facing renewed opposition from Sen. Pat Toomey (R-Pa.), who called on Wednesday for Omarova to provide a copy of her Russian-language thesis.

The paper, titled “Karl Marx’s Economic Analysis and the Theory of Revolution in The Capital,” was written while Omarova was studying at Moscow State University.

Toomey, the top Republican on the Senate Banking Committee, said the paper recently disappeared from her resume.

“While it appears that you have deleted any reference to your thesis in the version of your curriculum vitae (CV) that is currently available on the Cornell Law School website, the paper appeared on your CV as recently as April 2017,” Ranking Member Toomey wrote in a letter to the nominee requesting the thesis, noting that nominees are required to submit all published writings, articles, and papers.

Expanding on his opposition on the Senate floor, Toomey said Omarova “has been celebrated on the far left for promoting ideas that she herself has described as ‘radical.’”

In a paper (pdf) she penned last year, for instance, Omarova said she was offering “a blueprint for radically reshaping the basic architecture and dynamics of modern finance.” In it, she said her proposal would “effectively ‘end banking’ as we know it.”

“What she was arguing for in this paper from just last year was really promoting the naturalization of an entire industry, retail banking, basically bring to an end the ability of banks to compete for customers’ services and instead nationalize that. A clear socialist idea—that we shouldn’t have free enterprise system competing for people’s business, but rather have the government own it and provide that,” Toomey said.

Socialism is often described as the precursor to communism or Marxism.

By Zachary Stieber

Read Full Article on TheEpochTimes.com

The Epoch Times
The Epoch Timeshttps://www.theepochtimes.com/
Tired of biased news? The Epoch Times is truthful, factual news that other media outlets don't report. No spin. No agenda. Just honest journalism like it used to be.

Are conservatives fighting a fiction of woke?

Wokery, it hurts to say it, is too disorganized to have an organized cosmology or doctrine of metaphysical belief.

Illinois Democrat Offenders Reveal Party

The crime of J.B Pritzker and Brandon Johnson in this episode of American history is called subversion at the least , but could be as serious as treason.

Inside the Public School Librarian Jihad to Keep Transgender Propaganda on Shelves

Public school librarians are doing all they can to keep child tranny propaganda flowing directly into the malleable minds of their charges.

Five Reasons Why The Latest Czech Elections Were So Important

Populist-nationalist politician Andrej Babis is poised to return to the premiership after his party's victory. Here are 5 reasons why this is so important.

Bad Bunny is the NFL’s Latest Insult

After years of advocating social justice causes, the NFL chose left wing, gender fluid rapper Bad Bunny to headline the next Super Bowl. Does the NFL want conservatives fans?

FBI, LAPD Raid Mexican Mafia-Linked Gang in Southern California

FBI and LAPD raided a Mexican Mafia-linked gang in Southern CA, arresting a dozen individuals in connection to the Rancho San Pedro organization.

James Comey Pleads Not Guilty to 2 Federal Charges

Former FBI Dir. James Comey pleaded not guilty in federal court on Oct. 8 to charges of making a false statement and obstructing a congressional proceeding.

Judge Upholds Nassau County Ban on Transgender Athletes in Women’s Sports

A New York judge on Oct. 6 upheld a Long Island county law banning male athletes from participating in women’s sports at county-run facilities.

Takeaways From Pam Bondi’s Testimony Before Senate Panel

AG Pam Bondi testified before the Senate Judiciary Committee, defending some of the Justice Department’s moves while sparring with Democratic senators.

Trump Says He May Invoke Insurrection Act in Portland If Necessary

President Donald Trump on Oct. 6 said he may consider invoking the Insurrection Act in Portland, Oregon, if necessary.

Trump: All Medium, Heavy Duty Trucks Entering US Will See 25 Percent Tariff on Nov. 1

President Trump announced on Monday that all medium and heavy-duty trucks entering the United States will see a 25 percent tariff starting on Nov. 1.

Treasury Names Social Security Commissioner as CEO of IRS

Treasury Sec. Scott Bessent announced that Frank Bisignano, the head of the Social Security Administration (SSA), will also serve as CEO of the IRS.

Agencies Terminated, Descoped 94 Wasteful Contracts With $8.5 Billion Ceiling Value, Says DOGE

Various federal government agencies have terminated and descoped 94 wasteful contracts over the past five days, DOGE said in an Oct. 4 post on X.
spot_img

Related Articles

Popular Categories

MAGA Business Central