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Saule Omarova is seen during her nomination hearing to be the comptroller of the currency with the Senate Banking, Housing and Urban Affairs Committee on Capitol Hill on Nov. 18, 2021. Anna Moneymaker/Getty Images
President Joe Biden’s pick for a top banking regulation position was withdrawn on Tuesday after strong pushback from Senate Republicans and several Democrats.
Saule Omarova, a professor at Cornell Law School, drew criticism for her proposals to dramatically centralize banking and her thesis on Karl Marx, widely seen as the founder of communism.
