Political Quotes

“I rise today to express my opposition to President Biden's nominee to be Comptroller of the Currency, Dr. Saule Omarova. Although not the most publicly known office, the Comptroller of the Currency is a prominent and influential position that regulates and supervises all national banks. Given the undeniable importance of this office to the economy and to Americans, it has long been kept free of divisive politics and extreme views. While I talk about the Office of the Comptroller of the Currency and I talk about banks, my concerns are certainly more than just the financial institutions that are in our country's economy. It is the people, their customers who are served, that bother me or worry me the most. Rather than offer practical ideas for strengthening our Nation's banks, Dr. Omarova advocates for the elimination of all commercial banks--the very financial institutions she should be interested in partnering with. Instead, she wishes to replace them with one bank--one bank--the Federal Reserve. While the Comptroller might not have direct control of the Federal Reserve's structure, the reach of the position cannot be understated. The Office of the Comptroller is a member of the Federal Financial Institutions Examination Council, the Financial Stability Oversight Council, and even the Board of the FDIC, an Agency Dr. Omarova hopes to eliminate.…”