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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsObama admin's TPP negotiators received hefty bonuses from big banks.
http://www.republicreport.org/2014/big-banks-tpp/Michael Froman, the current U.S. Trade Representative, received over $4 million as part of multiple exit payments when he left CitiGroup to join the Obama administration.
<snip>
Many large corporations with a strong incentive to influence public policy award bonuses and other incentive pay to executives if they take jobs within the government. CitiGroup, for instance, provides an executive contract that awards additional retirement pay upon leaving to take a full time high level position with the U.S. government or regulatory body. Goldman Sachs, Morgan Stanley, JPMorgan Chase, the Blackstone Group, Fannie Mae, Northern Trust, and Northrop Grumman are among the other firms that offer financial rewards upon retirement for government service."
<snip>
Many large corporations with a strong incentive to influence public policy award bonuses and other incentive pay to executives if they take jobs within the government. CitiGroup, for instance, provides an executive contract that awards additional retirement pay upon leaving to take a full time high level position with the U.S. government or regulatory body. Goldman Sachs, Morgan Stanley, JPMorgan Chase, the Blackstone Group, Fannie Mae, Northern Trust, and Northrop Grumman are among the other firms that offer financial rewards upon retirement for government service."
Unfortunately the contents of TPP's financial regulation chapters are known only to current and former employees of Citibank, J.P. Morgan and their foreign counterparts.
But it's OK. I'm certain they can be trusted to represent the public interest.
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Obama admin's TPP negotiators received hefty bonuses from big banks. (Original Post)
pa28
Feb 2014
OP
SamKnause
(13,110 posts)1. Different day, same bullshit.
I am so sick of the corrupt U.S. government.
Why even pretend that we have a functioning government ?
Day after day it is proven beyond a reasonable doubt that our government is tool for the corporations.
It is truly nauseating.
The prisons of the U.S. should be overflowing with these cons and crooks.
1000words
(7,051 posts)2. Give him a Dem Congress! GOTV 2014!!!
Go team!
FreakinDJ
(17,644 posts)3. Why - so they can get kick backs too
Let's face it
Were being sold out
rhett o rick
(55,981 posts)6. Please tell me you are being facetious. nm
rhett o rick
(55,981 posts)8. ...
liberal_at_heart
(12,081 posts)4. K&R
What was Goldman Sachs doing lowballing the valuation of UK Royal Mail prior to the selloff and privatization?
http://www.theguardian.com/uk-news/2014/feb/07/royal-mail-privatised-city-estimates-value
Enslaved by debt and bankers. Why aren't people in the streets?