Treasury pick could ‘turn banking into… the DMV’

Tennessee Republican Sen. Bill Hagerty has extensive experience in the area of banking, and he expressed his “shock” on Thursday that President Biden’s nominee for Comptroller of the Currency, Dr. Saule Omarova, is up for consideration of the job given her “radical” views.

The senator detailed his concerns to FOX Business on Thursday after a committee hearing on the nominee, and used a straight-forward analogy from his wife to explain how the confirmation of Omarova could impact the average American.

“I find myself shocked that we find ourselves with a candidate this radical,” Hagerty said following a confirmation hearing for Omarova before the Senate banking committee, referring to controversial statements she has made both during meetings and in her academic writings.

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Omarova, a law professor at Cornell University, suggested earlier this year during a virtual event that “a lot of small players in [the coal, oil, and gas industries] are going to probably go bankrupt in short order – at least we want them to go bankrupt if we want to tackle climate change.”


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