* Saule Omarova is a Cornell Law School professor who graduated from college in Moscow, where she attended on a scholarship named after Vladimir Lenin
* She wrote a paper advocating for the Federal Reserve to take over Americans' personal banking in order to have more policy clout against big banks
* The agency she would oversee is tasked with regulating the country's banks
* Republicans and bank lobbyists already oppose her nomination to lead OCC
* A regulatory body Omarova proposed is included in a House bill introduced by progressive Rep. Maxine Waters aimed at expanding affordable housing
* She previously worked in the White House within George W. Bush's Treasury
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.
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Update #1: Biden’s Soviet-raised pick for Treasury post sought end to banking ‘as we know it’ (NYPost)
Update #2: Biden to tap Wall Street critic Omarova as top bank cop (Politico)
WNU Editor: 'No gender pay gap' in the former USSR?!?!?!? My mother, aunts, female cousins and friends would overwhelmingly disagree. As to having her being the controller of the currency. If she was to apply for the same job in Russia with these views she would be laughed out of the room immediately.
