Thread by @ryanlcooper

I missed some of the story on Saule Omarova being nominated to the OCC. boy conservatives really soiled themselves didn't they

NR, and Republicans on the Senate banking committee, got really upset over her proposal to give Americans accounts at the Federal Reserve

the background here is that the Fed has printed trillions upon trillions of dollars over the last decade to prop up the financial system. arguably necessary in a sense, but also wildly unfair in that most of the benefit flowed to the top 1 percent theweek.com/politics/10073…

so when these schmucks start squalling about communism, that's what is going on. they want money printing power to serve Wall Street and big corporations exclusively. that's all it is

also puts the lie to GOP #branding as a "worker's party." if anyone even *suggests* the idea that the American people should get the same luxurious privilege that banksters get when they blow up the economy, conservatives have a panic attack