After facing an unusually intense opposition campaign from the bank lobby, President Biden’s nominee to head the Office of the Comptroller of the Currency (OCC) withdrew her name from Senate consideration earlier this month.
Cornell University law professor Saule Omarova is a critic of bank deregulation who in her academic research has documented the OCC-sanctioned growth of high-risk derivatives trading and cryptocurrencies. She has also argued in these pages for a New Deal–style public-investment agency.
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