Saule Omarova

Law professor specializing in financial sector regulation and the broader issues of finance and economy. Senior Fellow at @rooseveltinst.

[Roosevelt Institute @rooseveltinst]

A sovereign wealth fund is an important model of public-private financial institutions that could help fill gaps that Wall Street can't.

SWF's can be “potent vehicles for implementing democratically established economic priorities,” writes @STOmarova. https://t.co/PYdgSR1oHW

[Saule Omarova @STOmarova]

Congratulations!

[University of Pennsylvania Carey Law School @pennlaw]

Prof. Jasmine E. Harris has been appointed Co-Reporter for the Model Civil Jury Instructions Committee for the Third Circuit. https://t.co/ovvROdedMJ

[Daniel Buk @DanBuk4]

Both Biden & Trump Now Exploring Ideas For A #SovereignWealthFund. Listen To @STOmarova @BusScholarship For Ideas On This https://t.co/LFUNWjEX0l @rch371 @akjennings @rohangrey @PitchforkEcon @StevenKelly49 @LPEblog @IrvingSwisher @LPE_Project @kylascan @mioana

[Todd N. Tucker @toddntucker]

@Kyunghoon_Kim_ How can public financial institutions help fill gaps that Wall Street can't or won't? @STOmarova surveys how Norway, Germany, and Singapore are combatting excessive financialization of their economies through various forms of public banks.
https://t.co/rcpcAgOmqw

[Todd N. Tucker @toddntucker]

Many other advanced democracies have sovereign wealth funds or similar institutions, as @STOmarova writes here.

Norway has the world's biggest, and the US used one to maximize government effectiveness during the New Deal and World War II mobilization.
https://t.co/XBaY7OETuV

[Albert Pinto @70sBachchan]

Are Gulf Sovereign Wealth funds basically implementing
@STOmarova report “Building a National Investment Authority”?
NIA goal was to replace Blackrocks current role of steering investment & buying equity in firms for natl development.
https://t.co/6RJZ6FEEOy

[Albert Pinto @70sBachchan]

Funniest comment on the jake Sullivan trial balloon of a U.S. sovereign wealth fund. Blackrock and hates competition in making strategic investment decisions. Somewhere @STOmarova is smiling… why not float the fully thought out NIA
https://t.co/6RJZ6FEEOy

[Chirag Lala @CtheLala]

Recent US discussions of selective public equity stakes go back at least 7 years. Glad to see they made a mark. SWF label is sort of odd, but also beside the point. Would be a great toolkit addition for industrial policy (and derisking).
https://t.co/pNSGV0grvb

[Chirag Lala @CtheLala]

We could have the same arm do both: be a public asset manager and a "public equity" firm. There are examples (TX PSF). Industrial policy + public finance advocates also sought to separate the two - even if housed in one entity. See the famous concept design from @STOmarova

[Saule Omarova @STOmarova]

@DanEricRohde Congratulations!!!

[Saule Omarova @STOmarova]

@Jeremy_Kress @UMich Congratulations!!!

[Nathan de Arriba-Sellier  (now on 🦋) @ArribaSellier]

Did @STOmarova take over Morgan Stanley ? ;-)

[Saule Omarova @STOmarova]

@StevenKelly49 @PeterContiBrown Thise chairs are everything! ❤️

[Saule Omarova @STOmarova]

Thanks for the shout-out, Kate!

The original piece, 'Banking and Antitrust', is here: https://t.co/7UDIBP09Aq

and here: https://t.co/MJYcjyLC60

Here's a short blog post on the core argument: https://t.co/CU8xIzMkPV

[Roosevelt Institute @rooseveltinst]

"Financing industrial policy is not just about the amount of money to be spent. Just as important is the institutional structure through which the money flows," @STOmarova during today's webinar.

Her full #IP2025 paper on national development banking ➡️ https://t.co/TtWmhT3Fum

[Kevin Donovan @kevindonovan]

Banking and Antirust: “U.S. bank regulation operates as a comprehensive antimonopoly regime, designed to prevent excessive concentration of private power over the supply and allocation of money and credit in a democratic economy.” By @stomarova https://t.co/GEXZJOM2D3

[Todd N. Tucker @toddntucker]

@JonasAlgers @rooseveltinst And join @STOmarova @JonasAlgers @Isabel_Estevez_ and me THIS WEDNESDAY as we take stock of these new developments, where the US has come from on public investments and industrial decarbonization, and where we need to go next.
https://t.co/EvBIDS7OuS

[Roosevelt Institute @rooseveltinst]

NEW📄 A #GreenSteel transition in the US is within reach.

@Isabel_Estevez_ @hebahkassem @ykwon88 @iliana_m_paul argue that stronger gov't action is needed to combat corporate inaction & speed up a green steel transition that maximizes community benefits.
https://t.co/fgTeqYeKxW

[Saule Omarova @STOmarova]

@StevenKelly49 Love it! 😆

[Saule Omarova @STOmarova]

Another example of public subsidies meant for banks flowing outside that special 'franchise' arrangement and feeding the ever-growing shadow banking system. That's how it looks: mundane and efficient - until it's not. All as described in this old piece: https://t.co/EB8m5lhJPD

[Steven Kelly @StevenKelly49]

Private credit funds are buying up risk from banks “while banks are lending money to the funds to help them boost returns.”

Sounds circuitous, but is the same logic as securitization. And banks only want the senior tranche.