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Wed Nov 24, 2021, 08:34 PM

Scoop: Centrist Dems sink Biden's nominee for top bank regulator

Five Democratic senators have told the White House they won't support Saule Omarova to head the Office of the Comptroller of the Currency, effectively killing her nomination for the powerful bank-regulator position.

Why it matters: The defiant opposition from a broad coalition of senators reflects the real policy concerns they had with Omarova, a Cornell University law professor who's attracted controversy for her academic writings about hemming in big banks.

Their opposition also hints at a willingness of some Democratic senators to buck the White House on an important nomination, even if it hands Republicans a political and symbolic victory.

Republicans have attacked the Kazakh-born scholar in remarkably personal terms, and turned her nomination into a proxy battle over how banks should be regulated.

Driving the news: In phone call on Wednesday, Sens. Jon Tester (D-Mont.) Mark Warner (D-Va.) and Kyrsten Sinema (D-Ariz.), all members of the Senate Banking Committee, told Sen. Sherrod Brown (D-Ohio) the panel's chairman of their opposition.

They're joined in opposing her by Sens. John Hickenlooper (D-Colo.) and Mark Kelly (D-Ariz.).

https://www.axios.com/democrats-omarova-occ-5755a0e4-c6a5-4ca7-b6c7-87d18d5491f9.html

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Arrow 14 replies Author Time Post
Reply Scoop: Centrist Dems sink Biden's nominee for top bank regulator (Original post)
demmiblue Nov 24 OP
ColinC Nov 24 #1
Mad_Machine76 Nov 24 #2
qazplm135 Nov 24 #6
PTWB Nov 24 #8
Wanderlust988 Nov 25 #13
MontanaFarmer Nov 24 #3
elleng Nov 24 #4
48656c6c6f20 Nov 24 #5
dsc Nov 24 #7
Fiendish Thingy Nov 24 #9
UTUSN Nov 24 #10
madville Nov 24 #11
wackadoo wabbit Nov 24 #12
radius777 Nov 25 #14

Response to demmiblue (Original post)

Wed Nov 24, 2021, 08:37 PM

1. This makes me angry n/t

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Response to demmiblue (Original post)

Wed Nov 24, 2021, 08:39 PM

2. How do we get any change in this damned country

if everybody who is promoting change never gets a chance to have the power to do anything?! And Democrats- of all people- shouldn't be standing in the way of things like this.

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Response to Mad_Machine76 (Reply #2)

Wed Nov 24, 2021, 08:53 PM

6. You elect more liberals

That's how it works

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Response to Mad_Machine76 (Reply #2)

Wed Nov 24, 2021, 09:00 PM

8. Vote for extreme progressives in primaries.

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Response to PTWB (Reply #8)

Thu Nov 25, 2021, 03:38 AM

13. "Extreme Progressives" are just as bad...

They'll vote against Biden too, just for other reasons. I would never vote for so-called Justice Democrats.

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Response to demmiblue (Original post)

Wed Nov 24, 2021, 08:41 PM

3. Pretty broad ideological span there.

Kelly and Hickenlooper aren't really known to be extra moderate, pretty mainstream in the caucus.

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Response to demmiblue (Original post)

Wed Nov 24, 2021, 08:46 PM

4. So we don't know WHY?

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Response to demmiblue (Original post)

Wed Nov 24, 2021, 08:53 PM

5. Ahh good to see the Cinema continues.

I'm sure Joe Manshon wanted to express his disapproval at not nominating a RepubliQan?

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Response to demmiblue (Original post)

Wed Nov 24, 2021, 08:57 PM

7. If any of these Senators support a nominee in the future

who has said or done anti woman, racist, or anti gay things then we should assume they support what those nominees did since they clearly don't think Presidents should get who they want.

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Response to demmiblue (Original post)

Wed Nov 24, 2021, 09:00 PM

9. And yet, they keep their 100% Biden loyalty rating

Since there was no actual vote

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Response to demmiblue (Original post)

Wed Nov 24, 2021, 10:00 PM

10. Yip, that's us.

Last edited Wed Nov 24, 2021, 11:46 PM - Edit history (2)

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Response to demmiblue (Original post)

Wed Nov 24, 2021, 10:17 PM

11. The banks have spoken

They still have final say

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Response to demmiblue (Original post)

Wed Nov 24, 2021, 10:40 PM

12. Sinema AND Kelly? WTF?!

I expected this sort of thing from Sinema; in fact, I would have been shocked if she hadn't been one of five. But Kelly? I thought he was better than this. Does he want to be primaried, too?

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Response to demmiblue (Original post)

Thu Nov 25, 2021, 04:17 AM

14. Hemming in the banks is a politically popular position

that voters in both parties tend to agree with.

The only logical explanation for the opposition to someone qualified like Omarova is that big donors are opposed to her.

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