AP Photo/Manuel Balce Ceneta Joe Biden’s nominee to head the Office of the Comptroller of the Currency, Saule Omarova, faced fierce questions from Republicans on the Hill today. Rightly so, given her radical positions on capitalism and banking. My colleague Dennis Santiago has written about some of those positions here and here.
Here she is arguing why we should do away with private banking and increase government control by having everything run through the Fed. “How is it politically feasible for the Central Bank to effectively take money away from people’s accounts?” she asks. Proposal by Biden’s Treasury nominee […]
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