It’s been a couple of weeks since I got ticked at that ass sarcoma John Kennedy for trying to insinuate Saule Omarova was a Communist simply because she was born in the Soviet Union. Now at the time, I did not understand why the banking industry was nervous about her nomination as comptroller of the currency; I confess I do not understand money.
Well, it’s not too complicated, thankfully; one of her policy ideas was to allow people to open accounts at the Fed. This potentially could have caused a giant sucking sound of money leaving private banks. It would also allow the Fed to “democratize” money, taking the money out of the high stakes gamblers’ hands in the private sector and perhaps placing investments toward things that would benefit the nation, not the profiteers. The only way to say it is that she definitely was curious about partially socializing banking.
As a lefty, I have no problem with this. I think it’s super forward thinking. We wouldn’t have to bail those shitbirds out when they made a bad bet. But now you know why her nomination was derailed. Three Democrats, John Tester (D-MT), Mark Warner (D-VA), and Kyrsten Sinema (D-AZ) who probably are on the take from the banking industry, refused to support her nomination.
Frenzied talk of people being communists in America is absurd; the party barely functions here. But the real threat here was that the profit houses would take a hit. That’s why Omarova was painted red.