{"id":894717,"date":"2021-10-18T16:14:20","date_gmt":"2021-10-18T20:14:20","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=894717"},"modified":"2021-10-18T16:14:22","modified_gmt":"2021-10-18T20:14:22","slug":"biden-banking-nominee-a-lenin-scholar-is-fellow-at-pro-china-think-tank","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/biden-banking-nominee-a-lenin-scholar-is-fellow-at-pro-china-think-tank\/","title":{"rendered":"Biden Banking Nominee, a \u2018Lenin Scholar,\u2019 Is Fellow at Pro-China Think Tank"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">24<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fbiden-banking-nominee-a-lenin-scholar-is-fellow-at-pro-china-think-tank%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=894717&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><div readability=\"29.866666666667\">\n\t\t\t<span class=\"article-category\"><a class href=\"https:\/\/freebeacon.com\/democrats\/\">Democrats<\/a><\/span><\/p>\n<p class=\"article-excerpt\">Saule Omarova attended Moscow State University on a Lenin Scholarship<\/p>\n<figure class=\"post-thumbnail-container relative lg:mr-24 w-full my-4 mb-8\">\n\t\t<img decoding=\"async\" loading=\"lazy\" width=\"736\" height=\"514\" src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2021\/09\/091818-RB1-187_736x514-1.jpg\" class=\"w-full lazyload blur-up wp-post-image\" alt srcset=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" sizes=\"auto, (max-width: 736px) 100vw, 736px\" data-srcset=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2021\/09\/091818-RB1-187_736x514.jpg 736w, https:\/\/freebeacon.com\/wp-content\/uploads\/2021\/09\/091818-RB1-187_736x514-300x210.jpg 300w, https:\/\/freebeacon.com\/wp-content\/uploads\/2021\/09\/091818-RB1-187_736x514-703x491.jpg 703w\" data-sizes=\"auto\" \/><figcaption class=\"absolute text-white p-4 w-full text-right text-xs bottom-0 bg-black opacity-75\">\n\t\t\t\tSaule Omarova in 2018 \/ Senate Committee on Banking, Housing, and Urban Affairs\t\t\t<\/figcaption><\/figure>\n<p>\t\t\t<span class=\"text-gray text-xs md:text-lg\"><a href=\"https:\/\/freebeacon.com\/author\/chuck-ross\/\" title=\"Posts by Chuck Ross\" class=\"author url fn text-red-700\" rel=\"author\">Chuck Ross<\/a> \u2022 October 18, 2021 4:00 pm<\/span><\/p><\/div>\n<div readability=\"88.106956788232\">\n<p>President Joe Biden\u2019s pick to regulate the nation\u2019s banking system is a fellow at a think tank that one of the Chinese government\u2019s propaganda agencies has touted as helpful to Beijing\u2019s foreign influence efforts.<\/p>\n<p>Saule Omarova, who <a href=\"https:\/\/freebeacon.com\/biden-administration\/biden-banking-nominee-proud-recipient-of-collegiate-lenin-award\/\" target=\"_blank\" rel=\"noopener\">received<\/a> a Lenin Scholarship at Moscow State University and has <a href=\"https:\/\/freebeacon.com\/biden-administration\/biden-banking-nominee-scrubs-karl-marx-paper-from-resume\/\" target=\"_blank\" rel=\"noopener\">refused<\/a> to turn over a thesis she wrote on Karl Marx in the late 1980s, joined the Berggruen Institute last year as a senior fellow. The institute promotes progressive causes and has developed close ties to Chinese leaders. Berggruen\u2019s position on China has earned praise from the Cyberspace Administration of China, which <a href=\"https:\/\/thenationalpulse.com\/exclusive\/exc-china-state-propaganda-boasts-control-over-think-tanks\/\" target=\"_blank\" rel=\"noopener\">touted a relationship<\/a> with Berggruen as an opportunity to &#8220;influence&#8221; foreign audiences.<\/p>\n<p>This is the latest in a series of controversies for Omarova, whom Biden nominated to lead the Office of the Comptroller of the Currency. She has already faced resistance to her nomination from the financial industry and Republicans over her alleged anti-capitalist policy positions. Omarova proposed &#8220;radically&#8221; changing the banking system by having the Federal Reserve accept bank deposits instead of private banks. She has also proposed the creation of a massive New Deal-style federal bureaucracy to oversee the nation\u2019s infrastructure projects. Her proposals have garnered the endorsement of the liberal Sierra Club, which hopes she\u2019ll use her perch as bank czar to regulate the fossil fuel industry.<\/p>\n<p>Omarova\u2019s praise for the economic policies of the Soviet Union has raised eyebrows in Washington, D.C. Omarova said in 2019 that the Soviet model of state-controlled salaries had eradicated the so-called gender pay gap. She <a href=\"https:\/\/freebeacon.com\/biden-administration\/biden-banking-nominee-scrubs-karl-marx-paper-from-resume\/\" target=\"_blank\" rel=\"noopener\">scrubbed<\/a> her r\u00e9sum\u00e9 of references to her Marx thesis, but Sen. Pat Toomey (R., Pa.) has asked her to provide a copy to the Senate Banking, Housing, and Urban Affairs Committee as part of her confirmation process.<\/p>\n<p>Omarova, who has not responded to the <em>Washington Free Beacon<\/em>\u2019s requests for comment, accused her critics of racism and sexism in <a href=\"https:\/\/www.ft.com\/content\/b6f25404-480f-4a0b-9f65-ee80af442ba7\" target=\"_blank\" rel=\"noopener\">an interview<\/a> with the <em>Financial Times<\/em> last week. She also denied being a communist sympathizer.<\/p>\n<p>While some Berggruen scholars have criticized China\u2019s human rights abuses against Uyghur Muslims and protesters in Hong Kong, the think tank has pushed for globalization and increased cooperation between the United States and China through a series of &#8220;Understanding China&#8221; forums. Berggruen <a href=\"https:\/\/www.berggruen.org\/activity\/chinese-president-xi-jinping-meets-the-21st-century-council-in-beijing\/\" target=\"_blank\" rel=\"noopener\">hosted an event<\/a> for Chinese president Xi Jinping in 2015.<\/p>\n<p>One member of Berggruen\u2019s network is Zheng Bijian, the founder and chairman of the China Institute for Innovation and Development Strategy. Zheng, who <a href=\"https:\/\/webcache.googleusercontent.com\/search?q=cache:OtRej9vK-nEJ:https:\/\/www.latimes.com\/local\/california\/la-me-nicolas-berggruen-think-tank-20160429-snap-story.html+&amp;cd=11&amp;hl=en&amp;ct=clnk&amp;gl=us\" target=\"_blank\" rel=\"noopener\">reportedly<\/a> advises Xi, has held positions within the Chinese Communist Party\u2019s propaganda apparatus, including as head of the party\u2019s Literature Research Office and executive deputy director of its Publicity Department. Zheng spoke at a Berggruen event in 2018.<\/p>\n<p>In 2017, China\u2019s Cyberspace Administration, which censors internet content, identified Berggruen as a tool of influence for the Chinese government, the <em>National Pulse<\/em>&nbsp;<a href=\"https:\/\/thenationalpulse.com\/exclusive\/exc-china-state-propaganda-boasts-control-over-think-tanks\/%5C\" target=\"_blank\" rel=\"noopener\">reported<\/a>. A Cyberspace Administration <a href=\"http:\/\/www.cac.gov.cn\/2017-04\/26\/c_1120876394.htm\" target=\"_blank\" rel=\"noopener\">memo<\/a> touted cooperation between Berggruen and state-controlled media outlet <em>China Daily<\/em> in its efforts to &#8220;expand&#8221; socialist propaganda.<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Democrats Saule Omarova attended Moscow State University on a Lenin Scholarship  Saule Omarova in 2018 \/ Senate Committee on Banking, Housing, and Urban Affairs &#8230;<\/p>\n","protected":false},"author":7,"featured_media":2315279,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-894717","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/894717","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=894717"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/894717\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2315279"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=894717"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=894717"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=894717"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}