3 ms·
> A 2020 article [2] written by Omarova that suggests the need for a government-controlled “people’s ledger” that would “end banking as we know it” has caused f
by sakopov 5y ago
> A 2020 article [2] written by Omarova that suggests the need for a government-controlled “people’s ledger” that would “end banking as we know it” has caused further friction over her nomination, with some reports suggesting that moderate Democrats may oppose her appointment. [1]
"People's ledger" controlled by government. Love it.
[1] https://www.rferl.org/a/saule-omarova-biden-soviet-union-comptroller/31524305.html https://www.rferl.org/a/saule-omarova-biden-soviet-union-com...
[2] https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3715735 https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3715735
- samspenc 5y agoI think her own words about this proposal (government banking) sunk her nomination faster than any banks or opponents could have. Basically it came under friendly fire that she initiated herself.