Radio Show #21-11, Podcast #30, Nov  2021:

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TRASH FROM RUSSIA:

Saule Omarova continues to make the case against her nomination to

be Comptroller of the Currency, as critics need only to quote her own

words. 

This is the same whacko who wants to close all banks and have the

federal government control your money movements, set your wages and dictate

supply chains.  You might recall she attended Moscow University on the

Lenin Scholarship.  She maintains the Soviet economic model is still

superior to ours.  These are the types of clowns the Bidenistas continue

to advocate for to run/ruin our government.

The latest example against her nomination is a video interview she

gave in February in which the Cornell professor opined on “the case for a U.S.

national investment authority.”

The conversation at one point turned to climate change and its

impact on fossil-fuel producers, and Ms. Omarova was on the case. “A lot of the

smaller players in that industry are going to, probably, go bankrupt in short

order—at least, we want them to go bankrupt if we want to tackle climate

change,” she said in the session that was part of the Jain Family Institute’s

“Social Wealth Seminar” series.

But then she adds that the response would be to set up a National

Capital Management Corporation that would “become a kind of equity investor at

that point, taking over management of those companies and basically leading

them through restructuring to a new technological basis and to a new

technological business model.”

So first put private companies out of business “in short order,”

then put government central planners to work to restructure them as the

political class wants. Give Ms. Omarova credit for candor. Most progressives

disguise their real intentions.

All of this matters because as Comptroller Ms. Omarova would have

enormous authority to regulate banks. It’s clear from this interview that one

of her policy ambitions is to deny capital to certain companies that she wants

to go bankrupt. Senators will have to decide if they want the Comptroller to be

a one-person systemic risk to the banking system.  WSJ

I PENCIL:

“I, Pencil, simple though I appear to be, merit your wonder and

awe, a claim I shall attempt to prove. In fact, if you can

understand

me—no, that’s too much to ask of anyone—if you can become aware

of the miraculousness which I

symbolize, you can help save the

freedom mankind is so unhappily

losing. I have a profound lesson to

teach. And I can teach this...