Saule Omarova

In this engaging discussion, Saule Omarova, a Cornell Law School professor and former Comptroller nominee, addresses the implications of the Silicon Valley Bank collapse on trust in the banking system. She argues for public checking accounts at the Federal Reserve, highlighting their potential to redefine banking stability and impact private banks' profitability. Omarova also delves into the historical context of public banking, the risks of private finance, and the critical need for regulatory reform to ensure accountability and safety for all depositors.