Obama's top Trans-Pacific Partnership officials were given millions by banks before taking the job (Click on this heading for the original post)
Cory Doctorow
Thursday, February 20, 2014, 3:14 pm
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The top Obama administration officials working on the Trans-Pacific Partnership came to government from investment banks who will benefit immensely from its provisions, which severely curtail countries' ability to pass laws regulating banks and other corporations. These top advisors, who came from Bank of America and Citigroup, were given multimillion-dollar exit bonuses when they left their employers for government. For example, the US Trade Representative, Michael Froman, was handed $4M from Citigroup as a goodbye gift on his way into his new job.
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This is standard operating procedure for America's financial industry, where the largest players all have contracts guaranteeing millions to employees who leave the firm for government jobs.
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