Saule Omarova was smeared as a Communist by Republicans, but her nomination for comptroller of the currency was sunk by moderate Democrats who opposed her tough line on banks
Photo: Tom Williams/CQ-Roll Call, Inc via Getty Images Weeks after a Republican senator joked about whether to call her “professor or comrade,” Saule Omarova has withdrawn her nomination for the comptroller of the currency, a key federal regulator for all national banks.
“Saule would have brought invaluable insight and perspective to our important work on behalf of the American people,” President Joe Biden said in a statement announcing her withdrawal. “But unfortunately, from the very beginning of her nomination, Saule was subjected to inappropriate personal attacks that were far beyond the pale.”
Immediately after Biden announced Omarova as his pick to lead the watchdog, banking lobbyists opposed her for her skepticism toward the industry and staunch support of regulation. Many of the attacks were directed at her personally, as New York’s Rebecca Traister wrote, suggesting a woman who grew up in Soviet-controlled Kazakhstan and attended Moscow State University prior to moving to the U.S. in 1991 was a crypto-communist not qualified to oversee American financial institutions.
“Senator, I’m not a Communist,” Omarova responded. “I do not subscribe to that ideology. I could not choose where I was born.” She added that her grandmother “escaped death twice under the Stalinist regime. This is what’s seared in my mind. That’s who I am. I remember that history. I came to this country. I’m proud to be an American.
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