Politic > U.S.

Republicans and Wall Street Are Smearing Biden's Bank Regulator as a Commie

1 month ago   |   By The New Republic

Wall Street has launched an all-out attack on Saule Omarova, President Biden's nominee to be the primary regulator of big banks. But the financial industry's lobbyists in Washington aren't being honest about why she gets their hackles up. The truth is that Omarova, a distinguished law professor at Cornell and a former bank lawyer who worked in the George W. Bush Treasury Department, knows the ins and outs of a multi-billion-dollar profit center for big banks, one which they don't want anyone but their own lawyers to understand: the derivatives market-a key engine of the calamitous...
Read more ...

 


Search by Tags

   U.S.      Industry      Republicans      Market      Politics      The Soapbox      Saule Omarova      Joe Biden      Pat Toomey      McCarthyism      Wall Street      Derivatives      Financial Crisis      Financial Regulation      Banks      Big banks      Dodd-Frank  


Russia jails 5 people over coal mine disaster that killed 51

A Russian court on Saturday ordered five people to remain in pre-trial detention for two months pending an investigation into a devastating blast in a coal mine in Siberia that... Read more ...

German minister hopes patient transfers a 'wake-up call'

Germany's health minister said Saturday he hopes that the sight of air force planes transferring patients across the country will act as a "wake-up call" to millions who are... Read more ...

Danny V's high school football Stars of the Week

DIVISION 1 Jake Gilbert rushed for 151 yards and three touchdowns, while completing 10-of-16 for 187 yards and a touchdown as Xaverian held off St. John's Prep, 36-35. Jack... Read more ...

Story about dog ‘selling' Madonna mansion part of long-running dupe

FORT LAUDERDALE, Fla. - For more than 20 years, a line of German shepherds named Gunther has been presented in news stories as the wealthy beneficiaries of a German... Read more ...

Trump Trying to Control Primary Nomination Match-Ups with “Loyalty”

We will not know until 2022 whether Trump helped to defeat himself again. Read more ...

U.K. mandates masks, PCR tests for arrivals to stem Omicron seeding

Read more ...

In Nantucket, Biden shops, attends Christmas tree lighting

NANTUCKET, Mass. - President Biden appeared on the loose Friday in Nantucket. Biden spent more than an hour walking around downtown Nantucket's cobblestone streets, popping... Read more ...

Looking Glass: We think we have a pretty good idea what the guy looks like 

An armed man forced a woman out of her car in Indianapolis and drove off, but the lady left her cellphone in the vehicle. When she pinged it to ascertain his location, the... Read more ...

Rare coin minted in colonial Boston sells for $350,000

BOSTON - One of the first coins minted in Colonial New England, which was recently found among other coins in a candy tin, has sold at auction for more than $350,000, more than... Read more ...

$1K offered for President Warren Harding's stolen dog collar

MARION, Ohio - A radio station serving U.S. President Warren G. Harding's Ohio hometown says a reward offered by one of its listeners is providing new hope of finding a long... Read more ...