Biden’s Nominee Omarova Has a Published Plan to Move All Bank Deposits to the Fed and Let the New York Fed Short Stocks — Pam and Russ Martens

Summary:
This month, the Vanderbilt Law Review published a 69-page paper by Saule Omarova, President Biden’s nominee to head the Office of the Comptroller of the Currency (OCC), the Federal regulator of the largest banks in the country that operate across state lines. The paper is titled “The People’s Ledger: How to Democratize Money and Finance the Economy.”Sounds like a (pretty radical) plan.Wall Street On ParadeBiden’s Nominee Omarova Has a Published Plan to Move All Bank Deposits to the Fed and Let the New York Fed Short StocksPam Martens and Russ Martenshttps://wallstreetonparade.com/2021/10/bidens-nominee-omarova-has-a-published-plan-to-move-all-bank-deposits-to-the-fed-and-let-the-new-york-fed-short-stocks/

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