Obama’s TPP Negotiators Received Huge Bonuses from Big Banks | Global Research

Obama’s TPP Negotiators Received Huge Bonuses from Big Banks | Global Research

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.

The Trans-Pacific Partnership, or TPP, is a widely-contested trade
deal between the US and 11 other nations adjacent to the Pacific Rim,
and has been negotiated by representatives for those countries in utmost
secrecy. According to leaked excerpts of the TPP and remarks from
experts following the news closely, though, it’s believed that the
arrangement would allow corporations to oppose foreign laws while at the
same time limiting the abilities for governments to regulate those
entities.

On Tuesday, Fang wrote that two major United States-based financial
firms have significantly awarded former executives who have since
attracted the attention of President Barack Obama and subsequently been
offered positions that put them directly involved in TPP talks.