NPR

Saule Omarova gets candid: Banks sank her nomination to become a key regulator

Days after withdrawing her nomination to become a key banking regulator, Omarova blames banks for distorting her research and creating an ugly environment.
Saule Omarova testifies before the Senate Banking Committee on Nov. 18 during her nomination hearing to head the Office of the Comptroller of the Currency. Days after withdrawing her nomination, Omarova blamed banks for leading the opposition against her in an interview with NPR's Morning Edition.

Saule Omarova blamed the banking industry for helping to sink her nomination to become one of the country's top banking regulators, saying they distorted her research, which led to an environment in which attacks against her became unfair and personal.

Omarova made her comments to NPR's Morning Edition host Steve Inskeep in her first interview since she withdrew her nomination last week to head the Office of the Comptroller of the Currency (OCC), which oversees more than 1,000 U.S. banks.

The Cornell University law professor had faced unusually direct attacks from some Republican senators and conservative groups during her nomination, including outright suggestions that Omarova, who was born in the then Soviet Union, held "communist" views.

Omarova, who is a U.S. citizen, has strongly denied that.

Omarova said she had been taken aback by the nature of the attacks, saying those

You’re reading a preview, subscribe to read more.

More from NPR

NPR1 min read
How The FBI's Fake Cell Phone Company Put Criminals Into Real Jail Cells
There is a constant arms race between law enforcement and criminals, especially when it comes to technology. For years, law enforcement has been frustrated with encrypted messaging apps, like Signal and Telegram. And law enforcement has been even mor
NPR3 min read
Taiwan's New President Urges China To Stop Its Military Intimidation
Taiwan's new President Lai Ching-te in his inauguration speech has urged China to stop its military intimidation against the self-governed island Beijing claims as its own territory.
NPR1 min read
How Much National Debt Is Too Much?
Most economic textbooks will tell you that there can be real dangers in running up a big national debt. A major concern is how the debt you add now could slow down economic growth in the future. Economists have not been able to nail down how much deb

Related Books & Audiobooks