[tomder55]

Saule Omarova as Treasury Comptroller would oversee the nation's banking .system She is a Cornell U professor who graduated from the Soviet Union’s Moscow State University in 1989 on the Lenin Personal Academic Scholarship, She praises the old Soviet system . “Say what you will about old USSR, there was no gender pay gap there. Market doesn’t always ‘know best.'”
Yes pay was crappy for all. Her radical views are to the left of Bolshevik Bernie.

She says she wants to do away with private banking and make the Federal Reserve the only banking institution in the country .
“The core idea here is simply to allow all U.S. citizens and lawful residents, local governments, non-banking firms and non-business entities to open transactional accounts directly with the Federal Reserve, thus bypassing private depository institutions,” “In this sense, it is a variation on the familiar FedAccounts — or FedCoin, ‘digital dollar wallets,’ etc. — theme. In principle, FedAccounts can be made available as an alternative to bank deposit accounts, upon a person’s request.

The COVID-19 crisis underscored the urgency of digitizing sovereign money and ensuring universal access to banking services. It pushed two related ideas—the issuance of central bank digital currency and the provision of retail deposit accounts by central banks—to the forefront of the public policy debate. To date, however, the debate has not produced a coherent vision of how democratizing access to central bank money would—and should—transform and democratize the entire financial system. This lack of a systemic perspective obscures the enormity of the challenge and dilutes our ability to tackle it.

This Article takes up that challenge. It offers a blueprint for a comprehensive restructuring of the central bank balance sheet as the basis for redesigning the core architecture of modern finance. Focusing on the U.S. Federal Reserve System (the Fed), the Article outlines a series of structural reforms that would radically redefine the role of a central bank as the ultimate public platform for generating, modulating, and allocating financial resources in a democratic economy—the People’s Ledger.

The People’s Ledger: How to Democratize Money and Finance the Economy by Saule T. Omarova :: SSRN

So all the independent banking would be done by the Fed with deposits converted to digital currency. Essentially she would eliminate the banks Quid wants her to regulate . What's more , she has written that asset prices, pay scales, capital and credit should be dictated by the federal government.

She has recommended a “National Investment Authority,” with members overseen by an advisory board of academics, to finance a “big and bold” climate agenda. She wants a “Public Interest Council” of "highly paid” academics with broad subpoena power to supervise financial regulatory agencies, including the Fed.

She could not get this accomplished without legislation. But as a regulator she could use her power to force her agenda on the banking industry .

This is a nominee that Fed Chair Janet Yellen opposed . So why is Quid making it ? Ask All Out Crazy and her Squad .

[tomder55]

Really ! Who is advising Quid on who to pick for his nominees ?
The Bureau of Land Management nominee confirmed today has links to eco-terrorism !!

Quid has called domestic terrorism the most serious threat facing the nation . So why would he nominate
Tracy Stone-Manning who collaborated with 'Earth First!' saboteurs? According to a 1993 court transcript, Stone-Manning arrived in Missoula in 1988 and immediately moved into a house occupied by Earth First! members. This was the height of the wilderness wars, and Earth First! had by the mid-1980s defined itself as the tip of the fanatical spear. Its modus operandi was violence and terror, or what it called “monkeywrenching”—spectacular arsons, equipment destruction, and most notably the deadly practice of tree spiking.
Tree spiking is inserting a metal rod into a tree where a logger might cut it 'or higher up where it might damage saws at the logging mills. This at a minimum damages equipment and can often injure logging employees. The spike can also reduce the commercial value of the wood. The practice is illegal and has been deemed eco-terrorism.

She got off by cooperating with the prosecution .
This eco-terrorist will now oversee 247 million acres of public land.