Who is Saule Omarova?
Saule Tarikhovna Omarova is a Kazakh-American attorney, academic, and public policy advisor. She was the nominee for comptroller of the currency before her nomination was withdrawn at her request on December 7, 2021.
Omarova is presently the Beth and Marc Goldberg Professor of Law at Cornell Law School. Her work specializes in financial regulation and corporate governance. She formerly worked as an advisor within the department of the Treasury. Saule is a Senoir Berggruen Fellow at the Berggruen Institute in Los Angeles.
How old is Saule Omarova?
She is 56 years old as of March 2023, having been born on November 2, 1966, in Uralsk, Kazakh SSR, Soviet Union (now Oral, Kazakhstan). Saule Omarova shares her birthdate with celebrities such as; RanbooLive, Shah Rukh Khan, David Schwimmer, Kendall Schmidt, Nelly, and many more.
Saule Omarova Family
Who are Omarova’s parents?
Omarova was born to a family in the West Kazakhstan Region of the Kazakh Soviet Socialist Republic. Her mother was a doctor in a local hospital that treated people with tuberculosis. Saule was brought up by her grandmother, who was an orphan after her whole family was sent to Siberia under Stalin’s rule.
Does Omarova have siblings?
It is hard to tell if Omarova has any siblings as she has kept her family and personal life very private and away from media attention.
Saule Omarova Education
Omarova went to school in a tiny Kazakh provincial town on the outskirts of the Soviet Empire. She attended Oral’s School No. 21 before moving to Moscow in 1984. She was the first student to graduate from the new school with a gold medal, an academic distinction awarded to a small fraction of students in the Soviet Union. In 1989, she graduated from Moscow State University on the Lenin Personal Academic Scholarship.
Later Omarova graduated with a Ph.D. in political science from the University of Wisconsin-Madison (UW), and a Juris Doctor from Northwestern University Pritzker School of lAW.
Saule Omarova Interests
Omarova likes dancing very much and she enjoys her time with her husband. She also likes involving in mathematical/finance.
Saule Omarova Husband
Omarova is married to the love of her life Timur Han Uckun, a scholar working as an IT security and risk assurance executive at Cornell University. The couple met at Cornell University and both were in higher education making a perfect match
Saule Omarova Kids
Omarova and her loving husband, Uckun have one child together. The child is a son who is an adult now but not much is known about him.
Saule Omarova Height
The nominated Comptroller of the Currency in America, Omarova has a fit and beautiful body. She has an impressive height of 5 ft 3 in (1.60 m) and a body weight of 54 kg (119.05 lbs).
Saule Omarova Career
For six years Saule practiced law in the Financial Institutions Group of New York-based law firm Davis Polk & Wardwell. She worked in the Department of the Treasury as a special advisor on regulatory policy to the Under Secretary for Domestic Finance in the George W. Bush Administration. While working as an associate professor of law at the University of North Carolina at Chapel Hill, she witnessed a U.S. Senate hearing on bank ownership of energy facilities and warehouses.
In 2014, Omarova joined Cornell Law School. From July 2014 to June 2019 she was Professor of Law and Public Affairs and has been the Beth and Marc Goldberg Professor of Law from June 2019. Her name was floated as a potential contender to lead the Office of the Comptroller of the Currency (OCC) under President Joe Biden in August 2021. Saule was selected to work as comptroller of the currency in September 2021, pending Senate confirmation. Her confirmation hearings are ongoing now, as of November 18, 2021. It was announced on December 7, 2021, that her nomination had been withdrawn.
Policy positions
National Investment Authority
Omarova is recognized for her support for a ”National Investment Authority” (NIA). A proposal she has likened to New Deal-era programs. Together with Robert C. Hockett, a fellow Professor of Law at Cornell Law School, the proposal was initially created in 2015. She mentioned that an NIA would be responsible for ”devising, financing, and executing a long-term national strategy of economic development and reconstruction”.
Saule wrote a report for the think tank Data for Progress, stating the ”Green New Deal (GND) movement has fruitfully propelled the programmatic vision of an environmentally clean, just, and equitable future. ” The NIA would consist of two components; a ”National Infrastructure Bank” (NIB), and a National Management Corporation (nicknamed ”Nicki Mac”), which would work to invest in green technologies.
Federal Reserve reform
Omarova proposed an ”overtly radical reform” plan for the Federal Reserve to ”effectively end banking as we know it”, to offer consumer bank accounts. Also to become ”the ultimate public platform for generating, modulating, and allocating financial resources in a modern economy. Referring to the plan as ”ultimately a more pragmatic and sensible response to the challenge of democratizing finance. ” All this was documented in a 2021 paper ”The People’s Ledger; How to Democratize Money and Finance the Economy”. She also has advocated expanding the Federal Reserve’s mandate to include the price levels of ”systemically important assets” in addition to worker wages.
Financial regulation
As per a report by The New York Times, Saule favors stricter laws on cryptocurrencies and financial technology companies. She argued that Facebook launched its own cryptocurrency as an example of ”Big Tech companies. Resolving to more creative ways to expand a monopolistic and extractive business model under the guise of corporate activism. She also argues that some financial technology applications have worked as ”destabilizing mechanisms’. In a paper she published in the Yale Journal on Regulation, ”New Tech v. New Deal: Fintech as a Systemic Phenomenon”.
Saule Omarova Net Worth
Kazakh-American attorney, academic, and public policy advisor, Omarova has been serving as a professor. She was recently nominated to be a comptroller of the Currency in Joe Biden’s Administration. Saule has an accumulative net worth of approximately between $1 and $5 million.
