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Octafish

(55,745 posts)
6. For some reason, Corporate McPravda is not telling this part of the TPP story.
Sun Mar 2, 2014, 10:03 AM
Mar 2014

This story should have legs, on un-democratic principles alone.



Obama’s TPP Negotiators Received Huge Bonuses from Big Banks

By RT

A controversial trade deal being touted by the White House is expected to give American corporations broad new authority if approved. Now according to newly released documents, big banks gave millions to the execs that are now orchestrating the agreement.

Investigative journalist Lee Fang wrote for Republic Report on Tuesday this week that two former well-placed individuals within the ranks of Bank of America and CitiGroup were awarded millions of dollars in bonuses before jumping ship to work on the Trans-Pacific Partnership on behalf of the White House.

SNIP...

In Fang’s report, he noted that such hefty bonuses aren’t unusual on Wall Street.

“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,” he wrote.


SNIP...

When WikiLeaks released a draft version of a section of the TPP last year, the anti-secrecy group warned that “Particular measures proposed include supranational litigation tribunals to which sovereign national courts are expected to defer, but which have no human rights safeguards”

“No wonder they kept it secret,” internet entrepreneur Kim Dotcom told RT at the time. “What a malicious piece of US corporate lobbying. TPP is about world domination for US corporations. Nothing else.”

CONTINUED...

http://www.globalresearch.ca/obamas-tpp-negotiators-received-huge-bonuses-from-big-banks/5370423



I think I'm with you, pa28. I prefer people with integrity -- meaning no outside conflicts-of-interest -- making policy.

Recommendations

0 members have recommended this reply (displayed in chronological order):

K&R woo me with science Mar 2014 #1
Top 10 TPP myths used by U.S. Trade Representative Michael Froman Octafish Mar 2014 #4
+1 jsr Mar 2014 #12
Froman's exit payment from Citi was *conditional* on accepting a high level government post. pa28 Mar 2014 #2
For some reason, Corporate McPravda is not telling this part of the TPP story. Octafish Mar 2014 #6
Good Grief... KoKo Mar 2014 #3
Obama TPP Trade Officials Received Hefty Bonuses from Big Banks Octafish Mar 2014 #7
oh c'mon. we don't even know what's in it! why should we be again' it? KG Mar 2014 #5
Yeah, see. It's all legal-like, see. Octafish Mar 2014 #9
If it were good for most people.. sendero Mar 2014 #8
That would be the Democratic thing to do. Octafish Mar 2014 #10
If the TPP is so good for us, why not more transparency? octoberlib Mar 2014 #11
Because we peasants don't know how to read jsr Mar 2014 #13
That's due to teachers' unions. Octafish Mar 2014 #15
Democracy and the Republic require transparency. Octafish Mar 2014 #16
TPP Will Have Strong Environmental Protections; Then Immediately Denies Saying That Ichingcarpenter Mar 2014 #14
''...he's doing what he's always done best: talking out of both sides of his mouth...'' Octafish Mar 2014 #17
Its all the little pieces we add up Ichingcarpenter Mar 2014 #18
It's no pony and it smells like sulfur... Octafish Mar 2014 #19
If the big boys are for it then you know we're going to get screwed. hobbit709 Mar 2014 #20
Guy who hired Tim Geithner to bail out the banksters got set for LIFE. Octafish Mar 2014 #21
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