Sources: Biden plans to nominate Cornell law professor and cryptocurrency critic Saule Omarova to run the Office of the Comptroller of the Currency
Bloomberg
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Discussion
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@profkatejudge
Kate Judge
on x
Exactly right. The OCC has a long track record of being overly beholden to the banks it is tasked with regulating. @STOmarova has been an outspoken critic of the way banks have been allowed into domain after domain, from derivatives to commodities. This is a sea change. https://t…
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@bobbybigwheel
@bobbybigwheel
on x
Seeing a lot of crypto guys threatening to turn fash at the prospect of regulation. To them I say relax, you just need to pivot from a Ponzi scheme to tax arbitrage like the rest of Wall Street. https://twitter.com/...
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@mastertes
Hookah Doncic
on x
“Saule Omarova, who has said she wants to ‘end banking as we know it,’ will be tapped to run the Office of the Comptroller of the Currency as soon as this week.” https://www.bloomberg.com/...
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@markjeffrey
@markjeffrey
on x
Wow. Confirming her would be an utter disaster for everyone except the fed gov. https://www.bloomberg.com/...
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@jesseahamilton
Jesse Hamilton
on x
It's hard to overstate the volume of the message that would be sent to Wall Street and crypto-world by this expected nomination of professor Saule Omarova as one of the financial sector's most important overseers. @STOmarova https://www.bloomberg.com/... via @bpolitics
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@salehamohsin
Saleha Mohsin
on x
Saule Omarova will be first woman to head the OCC, if confirmed The comptroller supervises the nation's biggest lenders including JPMorgan Chase & Co., Bank of America Corp. and Citigroup https://www.bloomberg.com/... https://twitter.com/...
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@yevshrag
Yevgeny Shrago
on x
You might ask: aren't you ok with Jerome Powell as Fed Chair, given how good the rest of @POTUS Wall Street oversight appointments have been? I say: why would @POTUS hinder all of his great appointees with a weak leader at the most important financial regulator? https://twitter.c…
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@eisingerj
Jesse Eisinger
on x
Wow. Fascinating, important choice. https://twitter.com/...
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@dan_ocampo1
Dan Ocampo
on x
Absolutely huge news https://twitter.com/...
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@ntinatzouvala
Ntina Tzouvala
on x
This is big, in a good way. https://twitter.com/...
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@toddntucker
Todd N. Tucker
on x
This is excellent news. I have learned so much from @STOmarova about how financial institutions - public, private, and in-between - can be leveraged to tackle big challenges like decarbonization, inequality, and more. https://twitter.com/...
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@yayitsrob
Robinson Meyer
on x
A huge deal for climate-minded financial regulation: https://twitter.com/...
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@tphillips
Todd Phillips
on x
I highly recommend folks read @STOmarova's article “The Quiet Metamorphosis,” on how the OCC changed the law allowing banks to use derivatives. She understands not only banking but the history of banking. And that's unbelievably important. https://twitter.com/...
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@yaliberty
Young Americans
on x
.@JoeBiden is going for broke in his quest to make personal liberty a thing of the past. His reported nominee to run the Office of the Comptroller of the Currency should concern every American who wants less gov't intrusion in their lives. READ MORE: https://www.bloomberg.com/...…
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@salehamohsin
Saleha Mohsin
on x
NEW: Biden will to nominate Saule Omarova, a law professor who has criticized cryptocurrencies and advocated for the govt to have a much bigger role in banking, to run the OCC Saule Omarova w/@jesseahamilton + @benbain More on @TheTerminal
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@wisetendersnob
@wisetendersnob
on x
Oh wow, this is a superb choice! Prof. Omarova is a brilliant voice for democracy in banking, and would be awesome for the OCC role https://twitter.com/...
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@kpatricio1
Karina Patrício
on x
Great news for the world in general, not just the US! https://twitter.com/...
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@jentaub
Jennifer Taub
on x
Such an excellent choice! https://twitter.com/...