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pa28

(6,145 posts)
Mon Feb 17, 2014, 04:05 PM Feb 2014

Obama admin's TPP negotiators received hefty bonuses from big banks. [View all]

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."


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.

8 replies = new reply since forum marked as read
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Different day, same bullshit. SamKnause Feb 2014 #1
Give him a Dem Congress! GOTV 2014!!! 1000words Feb 2014 #2
Why - so they can get kick backs too FreakinDJ Feb 2014 #3
Please tell me you are being facetious. nm rhett o rick Feb 2014 #6
... 1000words Feb 2014 #7
... rhett o rick Feb 2014 #8
K&R liberal_at_heart Feb 2014 #4
k/r solarhydrocan Feb 2014 #5
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