Americans for Limited Government President Richard Manning issued the following statement in reaction to the Senate confirmation hearing for Saule Omarova, President Joe Biden’s nominee for the office of the Comptroller of the Currency:
“President Joe Biden’s nominee for the office of Comptroller of the Currency, Saule Omarova, is perhaps the worse choice out of hundreds of bad nominations. You see, Ms. Omarova is a genuine Moscow University (not in Idaho), Lenin Scholar who emigrated to the United States in 1991 who is on video saying, ‘There will be no more private bank deposit accounts and all of the deposit accounts will be held directly at the Fed.’
“When this statement is put into the context of an administration that has aggressively sought to have annual transaction reports for every bank account with more than $600, what could go wrong? While most people don’t know what the Comptroller of the Currency does, the position is more than a signature line on the money. The Office of the Comptroller of the Currency overseas the execution of laws relating to national banks including chartering, regulating and supervising them.
“When combined with the broad powers that the Consumer Finance Protection Board has over the financial services sector, the prospects of a radical appointee in this relatively obscure position poses a real danger to the flow of money through our financial system.
“Ms. Omarova is the exact kind of radical that America does not need and should be rejected by the Senate.”