Saule Omarova

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. rooseveltinstitute.org/publications/f…

Congratulations!

Both Biden & Trump Now Exploring Ideas For A #SovereignWealthFund. Listen To @STOmarova @BusScholarship For Ideas On This tinyurl.com/5n9xe7ts @rch371 @akjennings @rohangrey @PitchforkEcon @StevenKelly49 @LPEblog @IrvingSwisher @LPE_Project @kylascan @mioana

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. x.com/toddntucker/st…

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. berggruen.org/news/the-natio…

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 berggruen.org/news/the-natio…

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). ft.com/content/38bc9c…

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

@DanEricRohde Congratulations!!!

Some news to share 👇👇 Couldn't be more thrilled and truly can't believe I get to call these folks colleagues!!

@Jeremy_Kress @UMich Congratulations!!!

Words I could not have imagined typing thirty years ago when this photo was taken: Yesterday, @umich granted me tenure. I am so incredibly grateful for the opportunity to continue my career at this University. Go Blue, always!

Did @STOmarova take over Morgan Stanley ? ;-)

@StevenKelly49 @PeterContiBrown Thise chairs are everything! ❤️

@PeterContiBrown Excellent! Make sure to make your way to the Memorial Union and sit in a real version of this mini chair I keep in my office window (for yearning purposes)

Thanks for the shout-out, Kate! The original piece, 'Banking and Antitrust', is here: papers.ssrn.com/sol3/papers.cf… and here: yalelawjournal.org/essay/banking-… Here's a short blog post on the core argument: corpgov.law.harvard.edu/2024/03/11/ban…

"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 ➡️ rooseveltinstitute.org/publications/f…

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 yalelawjournal.org/essay/banking-…

RT @toddntucker: @JonasAlgers @rooseveltinst And join @STOmarova @JonasAlgers @Isabel_Estevez_ and me THIS WEDNESDAY as we take stock of th…

@StevenKelly49 Love it! 😆

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: papers.ssrn.com/sol3/papers.cf…