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5 Senate Democrats Say 'Nyet' To Biden's Communist Treasury Nominee

•, by Tyler Durden

Even before a video emerged of the far left, Kazakh-born Omarova saying the fossil-fuel industry needed to go bankrupt to tackle climate change surfaced, most politicos thought she was a radical choice.

Last week, we learned that she supports the centralization of consumer banking - at the Federal Reserve.

Speaking at a Senate Banking Committee hearing a week ago, ranking member Sen. Pat Toomey (R-PA) said, "In 'The People's Ledger,' a paper she published just last month, she outlined her plan for nationalizing retail banking. Under her plan, central bank accounts fully replace—rather than uneasily co-exist with—private bank deposits."

"In other words," he explained, "you couldn't have an account with your local community bank. Your money would be held by the government at the Federal Reserve."

Prior to last Thursday's hearing, Republican senators were unanimously opposed to Omarova's confirmation, and three Democratic Senators were on the fence.