Quantcast

Biden’s Pick for Bank Czar Is Avowed Marxist Who Wants to Nationalize Finance

'I don't think I've ever seen a more radical choice for any regulatory spot in our federal government...'

President Joe Biden has selected an ardent Marxist, Saule Omarova, who went to Moscow State University under a scholarship named after communist dictator V.I. Lenin and wrote her thesis on Karl Marx, as U.S. controller of the currency, responsible for supervision of banks in the United States.

The appointment has been met with widespread condemnation from the banking industry and not just because Omarova sought to conceal her thesis on Marx from her latest résumé.

“I don’t think I’ve ever seen a more radical choice for any regulatory spot in our federal government,” said Sen. Pat Toomey, R-Pa., according to Fox Business.

The RAIR Foundation, a pro-democracy watchdog, warned in a recent press release that Omarova had been linked to other avowed Marxists with even more explicit ties to the toxic idealogy.

...article continued below
- Advertisement -

Underpinning claims that Omarova wants to nationalize the banks, it said an image had surfaced recently on Facebook showing Omarova alongside Robert Hockett and the late Lynn Stout as the “Bolshevik contingent of Cornell’s finance group.”

Hockett, who worked alongside Omarova at Cornell University, is known to have advised some of Congress’s most radical leftists including Rep. Alexandria Ocasio-Cortez, D-NY; and Sens. Bernie Sanders I-Vt.; Sherrod Brown, D-Ohio; Kirsten Gillibrand, D-NY; and Elizabeth Warren, D-Mass.

“We can envision, for example, a national development bank, organized as a public–private partnership in which the public takes the lead investment-management role,” said a paper co-authored by Hockett and Omarova.

Previously, Hockett tweeted about nationalizing the biotech industry.

...article continued below
- Advertisement -

“Capital Alpha Partners analyst Ian Katz predicted in September that there was just a 35% chance that Omarova would be confirmed by the Senate,” according to MarketWatch.

“We don’t think Omarova would get a single Republican vote,” Katz said. “So in a 50–50 Senate, she needs the support of every Democrat. We don’t see it happening.”

But a 35% chance is a lot in a country where the major media took pains to dispel the notion that Barrack Obama was a socialist just 13 years ago.

- Advertisement -

TRENDING NOW

Soros Helps Fund New Phony ‘Fact Check’ Operation

Believing that the what the world really needs is a new progressive “fact-checking,” outfit leftist oligarch George Soros has teamed up with former Democrat...

Blinken Pushes for Taiwan UN Membership, Stoking Chinese Tension

The Biden administration said that it backs full UN participation by Taiwan further reinforcing the notion that the U.S. will eventually recognize Taiwan as...

FBI Blocks House GOP from Probing Jan. 6

The FBI has made clear that it has no interest in participating in a non-partisan investigation into the events of Jan. 6, 2021. Mollie Hemingway...

More Workers Sue US Nuclear Lab over Vax Mandate

(Headline USA) Another group of workers is suing Los Alamos National Laboratory over its COVID-19 vaccine mandate, arguing that the requirement discriminates against employees...

Mainstream Media Attacks Don Jr. for T-Shirt Mocking Alec Baldwin

The leftists of social media have attacked Donald Trump, Jr. for promoting a T-shirt mocking political activist, killer and actor Alec Baldwin, who shot...

Biden Admin Pushes UK to Grant Extradition of Assange

(Headline USA) The U.S. government is scheduled to ask Britain’s High Court on Wednesday to overturn a judge’s decision that WikiLeaks founder Julian Assange...

Students in Blue State Sue to Demand Proper Civics Education

(Headline USA) Students in Rhode Island are asking a federal appeals court to affirm that all public school students have a constitutional right to...

WaPo: Wuhan COVID Researcher Daszak Must Testify Before Congress

The Washington Post published an editorial Monday calling for Peter Daszak, the president of EcoHealth Alliance, to testify before Congress regarding his role in...

Federal Workers Sue Biden Admin Over Vax Mandate

More than 50 federal employees sued the Biden administration this week over its COVID-19 vaccine mandates. The Federal Practice Group, which represents dozens of federal...
- Advertisement -