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Five Senate Democrats say they will oppose Saule Omarova for the OCC, sink the nomination

Five Democratic senators have reportedly opposed Saule Omarova’s appointment as head of the Treasury Department’s office of the Comptroller of Currency, vowing his chances as head of one of the most powerful financial regulatory agencies in the United States.

The far-left law professor called for the elimination of the private banking sector and for the treatment of all businesses as US government franchises. She said the bankruptcy of junior oil and gas companies should be welcome, a statement she later retracted.

Senators Jon Tester (D-MT), Mark Warner (D-VA) and Kyrsten Sinema (D-Ariz.) Had a telephone interview with Senate Banking Committee Chairman Sherrod Brown (D-OH) on Wednesday evening to announce their opposition to Omarova’s Confirmation, Axios reported on Wednesday evening. According to Axios, Senators John Hickenlooper (D-CO) and Mark Kelly (D-AZ.) Are also opposing his nomination.

Treasury Secretary Janet Yellen also opposed the choice, according to the the Wall Street newspapereditorial board of.

Republicans, led by rank member Pat Toomey (R-PA), harshly criticized the candidate during a hearing before the Senate Banking Committee last week. Senator Toomey took her to task for her papers and statements which called for the forcible transfer of all bank accounts to the Federal Reserve and other far-left schemes. Senator John Kennedy (R-LA) said he was not sure whether to call Omarova “comrade or teacher”.

“There are a lot of extraordinary and radical things here, but maybe the heart of it all is that Ms. Omarova doesn’t just want tighter regulation of banks. What she wants, and I quote — these are her words — ‘effectively end the banking as we know it.’ These are words she wrote last year, ”Toomey said in a speech in the Senate.

Senator Tester said at the hearing that he had “significant concerns about his appointment.” Other Democrats, including Brown, have tried to treat opposition to Soviet-born Omarova as xenophobic “red bait”. Brown said the GOP opposition is what it looks like when “McCarthyism meets Trumpism.”

Although she claimed to be an advocate for community banking and a critic of Wall Street, the Independent Community Bankers of America and 41 state banking associations, which represent thousands of community banks, urged members of the Senate to oppose the confirmation of Willow Omarova.

With an equally divided Senate and unanimous opposition from Republicans, the opposition of five Democrats condemns Omarova’s nomination.

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