President Biden’s appointee for a key Treasury Department position has failed to provide her thesis about Karl Marx to the Senate Banking Committee.
Biden recently tapped Saule Omarova — a law professor at Cornell University and a 1989 graduate of Moscow State University — to serve as Comptroller of the Currency, which “charters, regulates, and supervises all national banks.” The Kazakh-American’s past remarks about purported gender equality in the Soviet Union are worrying many Republican lawmakers.
“Until I came to the US, I couldn’t imagine that things like gender pay gap still existed in today’s world,” Omarova tweeted in 2019. “Say what you will about old USSR, there was no gender pay gap there. Market doesn’t always ‘know best.’”
After Omarova was criticized for her tweet, she added: “I never claimed women and men were treated absolutely equally in every facet of Soviet life. But people’s salaries were set (by the state) in a gender-blind manner. And all women got very generous maternity benefits. Both things are still a pipe dream in our society!”
On October 6, Sen. Pat Toomey (R-PA) — the Ranking Member of the Senate Banking Committee — asked Omarova to turn over her thesis, entitled “Karl Marx’s Economic Analysis and the Theory of Revolution in The Capital.” Toomey’s letter to the professor noted that the thesis was completed at Moscow State University, where Omarova was on the V.I. Lenin Personal Academic Scholarship.
“While it appears that you have deleted any reference to your thesis in the version of your curriculum vitae (CV) that is currently available on the Cornell Law School website, the paper appeared on your CV as recently as April 2017,” Toomey observed, asking her to submit a copy to the Senate Banking Committee by October 13.
A spokesperson for the Senate Banking Committee Republicans confirmed to Fox Business that Omarova has not yet submitted the document.
“Ms. Omarova has time to attack Republicans in an interview with the Financial Times, but she can’t bother to comply with a Banking Committee requirement that nominees — regardless of their political party or ideology — submit copies of their writings,” said the spokesperson. “We certainly hope she reconsiders so Senators have the information necessary to fulfill their constitutional duty to advise and consent on appointments.”
In a paper published last year, Omarova argues for ending “banking as we know it.” Specifically, she suggests creating a “People’s Ledger” by expanding the Federal Reserve’s balance sheet to include consumer bank deposits.