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Why are the billionaires always laughing?

Because they know the corporate media will never call bullshit on their bullshit.

Why are the billionaires laughing?

It’s easy to laugh when the corporate press treats you as a glorious success instead of the epitome of a broken social order. Billionaires laugh because they know the corporate media prefers to fawn over them rather than hold them to account.

Today, we ask you to support our nonprofit, independent journalism because we are not impressed by billionaires flying into space, their corporations despoiling our health and planet, or their vast fortunes safely concealed in tax havens across the globe. We are not laughing.

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For Immediate Release

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Phone: (202) 588-1000

Press Release

Biden's Outstanding Pick for OCC Will Lead on Climate-Related Financial Risk

WASHINGTON -

President Joe Biden will nominate Saule Omarova, a law professor who has criticized cryptocurrencies, advocated for strong financial regulation, and developed an innovative plan for boosting public investment, to head the U.S. Office of the Comptroller of the Currency (OCC).

“Omarova is an outstanding choice for Comptroller of the Currency. She is smart, fair, tough, and experienced. We expect she will use the full powers of this office to hold Wall Street accountable, advance racial equity, and take on climate-related financial risk,” said David Arkush, managing director of Public Citizen’s climate program.

“Prof. Omarova’s authoritative articles span the important issues facing the banking sector today – from the risks of securities trading to the merger of banking and traditional commerce to emergency lending by the Federal Reserve,” said Bartlett Naylor, financial policy advocate for Public Citizen.

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Public Citizen is a nonprofit consumer advocacy organization that champions the public interest in the halls of power. We defend democracy, resist corporate power and work to ensure that government works for the people – not for big corporations. Founded in 1971, we now have 500,000 members and supporters throughout the country.

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