Anyone that has spent any time whatsoever looking into the Trans-Pacific Partnership (TPP) trade treaty, understands that it is a oligarch crony capitalists’ wet dream. Being negotiated entirely in secret, the treaty is designed to institutionalize corporate rule, giving companies the ability to sue governments and prevent them from exerting regulatory control over their own societies.
Bill Moyers has described the treaty as “Death for Democracy,” and now, unsurprisingly, we find out that several of the main negotiators for the TPP have received huge payments from taxpayer bailed out “Too Big to Jail” banks.
From the Republic Report:
Officials tapped by the Obama administration to lead the Trans-Pacific Partnership trade negotiations have received multimillion dollar bonuses from CitiGroup and Bank of America, financial disclosures obtained by Republic Report show.
Stefan Selig, a Bank of America investment banker nominated to become the Under Secretary for International Trade at the Department of Commerce, received more than $9 million in bonus pay as he was nominated to join the administration in November. The bonus pay came in addition to the $5.1 million in incentive pay awarded to Selig last year.
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