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Welcome, Comrade! Biden's Soviet-born nominee for Comptroller of the Currency thinks Fed should 'end banking', admires USSR's economy because there was 'no gender pay gap' and says hedge funds are an 'a**hole industry'
U.K. Daily Mail ^ | 9/30/2021 | Elizabeth Elkind

Posted on 09/30/2021 6:42:43 PM PDT by simpson96

A Cornell University law professor who advocated ending banking 'as we know it' and praised the Soviet Union's financial system over its lack of a gender pay gap has been tapped by the White House to lead the Office of the Comptroller of the Currency (OCC).

Saule Omarova's nomination to head the regulatory agency overseeing the country's largest banks is a controversial choice that's alarmed banking groups.

She's advocated for moving Americans' financial accounts from private banks to the Federal Reserve and for forcing banks to lose leverage on federal subsidies by becoming 'non-depository lenders.'

It would diminish the stature of the institutions she's supposed to regulate.

'By separating their lending function from their monetary function, the proposed reform will effectively “end banking,” as we know it,' Omarova wrote in a paper updated in February of this year titled 'The People's Ledger.'

She summed it up more concisely in a 2019 documentary film titled 'A**holes: A Theory.' Omarova called Wall Street's hedge fund-dominated culture a 'quintessential a**hole industry.'

(Excerpt) Read more at dailymail.co.uk ...


TOPICS: Chit/Chat
KEYWORDS: banking; brainlessjoebiden; commie; fed; occ; omarova; putinlovertrollsonfr; putinsbuttboys; putinworshippers; sauleomarova; soviet; zottherussiantrolls
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1 posted on 09/30/2021 6:42:43 PM PDT by simpson96
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To: simpson96

So many “red” flags


2 posted on 09/30/2021 6:44:37 PM PDT by Secret Agent Man (Gone Galt; Not Averse to Going Bronson.)
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To: simpson96

P.S. Bet she helps sell even more ammo.


3 posted on 09/30/2021 6:44:43 PM PDT by simpson96
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To: simpson96
WHERE does the Democrat Party find these creeps?


4 posted on 09/30/2021 6:47:55 PM PDT by BenLurkin (The above is not a statement of fact. It is either opinion, or satire. Or both.)
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To: simpson96

Cornell. This is the problem. We need a purge. Seriously. Communists are deadly.


5 posted on 09/30/2021 6:49:04 PM PDT by FlyingEagle
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To: simpson96

but the USSR had no money that’s why there was no gender pay gap , LOL


6 posted on 09/30/2021 6:49:56 PM PDT by butlerweave
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To: simpson96

She’s right about the hedgies.


7 posted on 09/30/2021 6:52:10 PM PDT by 9YearLurker
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To: simpson96

A Spy for Russia or China or Both


8 posted on 09/30/2021 6:53:24 PM PDT by butlerweave
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To: Secret Agent Man
Second biggest red flag: Stupid-with-a-capital-S.

"[Authors C.J. Gerry, B. Kim, A. Li] estimate in their sample that between 87% and 94% of women received lower wages than they could have received if there was a non-discriminatory pay structure; men on the other hand would be worse off (the percentage of men who would be worse off ranges between 83% and 97%)."

"The gender wage gap and wage arrears in Russia Evidence from RLMS". Journal of Population Economics 17:267-288. (p. 268).

And this for good measure: "Why Women in Russia Earn Less Than Men"

https://www.hse.ru/en/news/450603666.html
9 posted on 09/30/2021 7:01:09 PM PDT by Retrofitted
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To: Retrofitted

The way to end the “gender gap” is to decree that EVERYONE be paid the same hourly wage, including politicians and government employees.

EQUITY!


10 posted on 09/30/2021 7:09:47 PM PDT by E. Pluribus Unum ("Communism is not love. Communism is a hammer which we use to crush the enemy." ― Mao Zedong)
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To: Retrofitted

the wage gap was debunked so long ago

not that they as a group don’t earn less, they do

it’s the reasons they cite that have been debunked

they earn less because of the following factors:

- they get degrees into jobs that pay less
- they work fewer hours than men do
- they work lessovertime than men do
- they leave careers for periods of time /work pauses far more than men do
- they work jobs that are less hazardous which pay more - 97% of all work deaths are men


11 posted on 09/30/2021 7:09:51 PM PDT by Secret Agent Man (Gone Galt; Not Averse to Going Bronson.)
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To: simpson96

She is right about hedge funds. Along with lawyers, journalists, democrats, and HOA’s they ought to chucked into a deep, lava filled hole.


12 posted on 09/30/2021 7:18:14 PM PDT by Jhadur ("You are not ready for immortality.")
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To: butlerweave

A spy for China..did Eric Swalwell bang her too..by the looks of her I think even Swalwell has his standards


13 posted on 09/30/2021 7:19:47 PM PDT by Sarah Barracuda
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To: E. Pluribus Unum

$15/hour sounds about right...


14 posted on 09/30/2021 7:28:58 PM PDT by Retrofitted
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To: MadMax, the Grinning Reaper; piasa

Ping.


15 posted on 09/30/2021 7:29:37 PM PDT by Fedora
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To: simpson96

Did anyone ask this moron how well the Soviet Union is doing these days?


16 posted on 09/30/2021 7:34:24 PM PDT by Jay W
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To: BenLurkin

They want you dead. Broke first.


17 posted on 09/30/2021 7:56:28 PM PDT by wac3rd (Somewhere in Hell, Ted Kennedy snickers....)
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To: FlyingEagle

Cornell had some good professors but more reds and a few traitors, esp in the late Prof. George McT Kahin’s Hanoi Lobby program on SEA studies. The law school is full of leftist professors (if my computer hadn’t died a couple weeks ago, I would have been able names).


18 posted on 09/30/2021 8:01:20 PM PDT by MadMax, the Grinning Reaper (Figures )
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To: simpson96

Wall Street backed Biden 5 to 1 in campaign contributions.

This is what the big banks wanted. Enjoy it fellas.


19 posted on 09/30/2021 8:12:23 PM PDT by FLT-bird
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To: simpson96

This is scandalous. There are plenty of American born Communists in our universities, but Biden picks one who was born in the USSR.


20 posted on 09/30/2021 10:13:57 PM PDT by Rockingham
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