“Omarova has endorsed radical proposals for government control and regulation of the banking sector. In a paper entitled The People’s Ledger, she argues for a ‘systematic democratization of finance’ where citizens have government bank accounts with the Federal Reserve that ‘fully replace—rather than compete with— private bank deposits.’ Omarova openly admits that her ‘proposed reform will effectively ‘end banking’ as we know it.’”
https://fee.org/articles/meet-the-biden-nominee-who-s-sympathetic-to-soviet-era-socialism-and-wants-the-fed-to-pretty-much-take-over-private-banking/
https://fee.org/articles/meet-the-biden-nominee-who-s-sympathetic-to-soviet-era-socialism-and-wants-the-fed-to-pretty-much-take-over-private-banking/